Laserfiche WebLink
22. REIMBURSABLE EXPENSF.,S. Reimbursable expenses shall include actual <br />expenditures made or authorized by the Agent as Property Expenses pursuant to <br />this Agreement. Reimbursable expenses are payable from the Operating Account <br />by the Agent or by the Owner directly to the Agent. Under no circumstances is <br />the Agent obligated to advance its own funds for Property Expenses or otherwise. <br />If for any reason funds are not available in the Operating Account to pay a <br />reimbursable expense by the last business day of each month in which such <br />expense was incurred, the Owner shall immediately reimburse the Agent in full <br />for such expense. Reimbursable Expenses shall include, in addition to other <br />expenses described herein as Property Expenses, the follow items: <br />a. Long distance calls, faxes, copies and fees paid for the negotiating or <br />conduction of business for the Property or for the Owner and for securing <br />the approval of authorities having jurisdiction over the Property. <br />b. Handling, shipping, mailing and reproduction of materials related to the <br />Property, and entertainment expenses incurred in connection with the <br />Property, providing such entertainment expenses have been approved in <br />advance by the Owner. <br />Mileage when traveling in connection with the Property (billed at the then <br />current governmental rate) and overtime work requiring higher than <br />regular rates. <br />d. Electronic data processin~~ ser~~ice and rental of electronic data processing <br />equipment when used in connection with additional services on the <br />Property site. <br />Fees charged by third parties for rental lock boxes and wire transfers of <br />Property funds. <br />23. TERM OF AGREEMENT-. This Agreement shall be in effect for a period of one <br />(l) year b~i.~inlilli~_ i~11 l)i' <113i~~;: ?~'k; ~ i~ !~ iI! l~~l>iL1bli-~. ~~~}~~, eiliC~ ~nCIIT14,? c)(1 <br />t~t~ 3I"day t~f-Ja~aEz~~a~~_ =~,~;t~. 7-his agreement ma_y be renewed by the Owner for <br />Successive one-year periods by providing Agent with written notice. <br />24. INTERPRETIVE PROVISIONS <br />This Agreement constitutes the entire agreement between the Owner and <br />the Agent with respect to the management and operation of the Property, <br />and no amendment or modification will be valid unless made by <br />supplemental ~i-itten agreement. executed and signed by both parties <br />herein. <br />b. This Agreement may be executed in several counterparts, each of which <br />shall constitute a complete original agreement, which may be introduced <br />