Expenditures and Payments. A. Marriott, on behalf of and in coordination with the Managers pursuant to their obligations under the Management Agreements, and in each instance subject to the provisions of this Agreement, shall make expenditures, to the extent of the sufficiency of funds available therefor pursuant to this Agreement, for all Aggregate Deductions, and then, to reimburse Marriott or any Affiliate for expenditures to the extent such expenditures have constituted a Manager Reserve Advance pursuant to any of the Management Agreements. Payments made to reimburse Marriott or any Affiliate for expenditures to the extent that such expenditures have constituted a Manager Reserve Advance shall be deducted from Aggregate Operating Profit prior to any other deduction or distribution therefrom except for distributions of Aggregate Tenant’s Priority.
Expenditures and Payments. A. Marriott, on behalf of and in coordination with the Managers pursuant to their obligations under the Management Agreements, and in each instance subject to the provisions of this Agreement, shall make expenditures, to the extent of the sufficiency of funds available therefor pursuant to this Agreement, for all Aggregate Deductions. The Tenants agree and authorize Marriott to reimburse Marriott or any Affiliate for Emergency Funding from future Reserves of the applicable Portfolio Properties, unless Marriott or any Affiliate, as applicable, elects to treat such Emergency Funding as an Additional Manager Advance or Additional Marriott Advance with respect to the Portfolio Property.
Expenditures and Payments. A. For so long as this Agreement remains in full force and effect, the Owners irrevocably direct the Manager pursuant to its obligations under the Management Agreements, and in each instance subject to the provisions of this Agreement, to make, expenditures for all Aggregate Facility Expenses, including, without limitation, retention of the Aggregate Base Management Fee (excluding the Aggregate Subordinate Management Fee). All payments made by the Manager hereunder with respect to the Properties shall be made from authorized bank accounts, xxxxx cash funds, or Pooled Working Capital.
Expenditures and Payments. The following is an example that can be adapted to locally customary provisions. The projected cost for this consultancy is ___ ____.__, including all taxes and fees, based on the following budget: Item Consultancy days Rate ___ Total ___ Professional fees ____.__ ___ __ ____.__ ____.__ ___ __ ____.__ ____.__ ___ __ ____.__ ____.__ ___ Lump sum ____.__ Travel costs Lump sum ____.__ Food and accommodations Lump sum ____.__ Other out-of-pocket expenses Lump sum ____.__ Total projected cost ____.__ The first installment of __% of the total projected cost (___ ____.__) will be paid within 10 days after acceptance of the Draft inception report by Fastenaktion and reception of the according invoice. The second installment of __% of the total projected cost (___ ____.__) will be paid within 10 days after completion of the field mission(s) and reception of according invoice. The third and last installment of __% of the total projected cost (___ ____.__) will be paid within 10 days after acceptance of the final report by Fastenaktion and reception of according invoice. The cost ceiling for this consultancy is ___ ____.__ and cannot be exceeded on any account.
