Non-Common Expenses Definition | Law Insider (2024)

  • Common Expenses means expenditures made by or financial liabilities of the association, together with any allocations to reserves.

  • Common expense means costs incurred by the association to exercise any of the powers provided for in the association's governing documents.

  • Common expense liability means the liability for common

  • Election expenses means expenses incurred, whether before, during or after the election, on account of, or in respect of, the conduct or management of the election.

  • Acquisition Expenses means any and all expenses, exclusive of Acquisition Fees, incurred by the Company, the Operating Partnership, the Advisor or any of their Affiliates in connection with the selection, evaluation, acquisition, origination, making or development of any Investments, whether or not acquired, including, without limitation, legal fees and expenses, travel and communications expenses, brokerage fees, costs of appraisals, nonrefundable option payments on property not acquired, accounting fees and expenses, title insurance premiums and the costs of performing due diligence.

  • REIT Expenses means (i) costs and expenses relating to the formation and continuity of existence and operation of the General Partner and any Subsidiaries thereof (which Subsidiaries shall, for purposes hereof, be included within the definition of General Partner), including taxes, fees and assessments associated therewith, any and all costs, expenses or fees payable to any director, officer, or employee of the General Partner, (ii) costs and expenses relating to any public offering and registration of securities by the General Partner and all statements, reports, fees and expenses incidental thereto, including, without limitation, underwriting discounts and selling commissions applicable to any such offering of securities, and any costs and expenses associated with any claims made by any holders of such securities or any underwriters or placement agents thereof, (iii) costs and expenses associated with any repurchase of any securities by the General Partner, (iv) costs and expenses associated with the preparation and filing of any periodic or other reports and communications by the General Partner under federal, state or local laws or regulations, including filings with the Commission, (v) costs and expenses associated with compliance by the General Partner with laws, rules and regulations promulgated by any regulatory body, including the Commission and any securities exchange, (vi) costs and expenses associated with any 401(k) plan, incentive plan, bonus plan or other plan providing for compensation for the employees of the General Partner, (vii) costs and expenses incurred by the General Partner relating to any issuing or redemption of Partnership Interests, and (viii) all other operating or administrative costs of the General Partner incurred in the ordinary course of its business on behalf of or in connection with the Partnership.

  • Liquidation Expenses With respect to a Mortgage Loan in liquidation, unreimbursed expenses paid or incurred by or for the account of the Master Servicer or the related Servicers, such expenses including (a) property protection expenses, (b) property sales expenses, (c) foreclosure and sale costs, including court costs and reasonable attorneys’ fees, and (d) similar expenses reasonably paid or incurred in connection with liquidation.

  • Transition Expenses The reasonable costs (including reasonable attorneys’ fees) of the Backup Servicer incurred in connection with the transferring the servicing obligations under this Agreement and amending this Agreement to reflect such transfer in an amount not to exceed $100,000.

  • Distribution Expenses means the reasonable costs, excluding overhead, incurred by ZIOPHARM that are directly and reasonably allocable to the distribution of a ZIOPHARM Product with respect to a particular country where such ZIOPHARM Product has been launched, excluding any costs included as a deduction in calculating Net Sales.

  • Disposition Expenses means reasonable out-of-pocket expenses incurred by the Servicer in connection with the sale at auction or other disposition of a Leased Vehicle by the Servicer.

  • Capital Expenses expenses that are capital in nature or required under GAAP to be capitalized.

  • Liquidity Expenses means all Liquidity Obligations other than (i) the principal amount of any Drawings under the Liquidity Facilities and (ii) any interest accrued on any Liquidity Obligations.

  • Litigation Expenses means costs and expenses incurred in connection with commencing, prosecuting and settling the Action (which may include the costs and expenses of Plaintiffs directly related to their representation of the Settlement Class), for which Lead Counsel intends to apply to the Court for reimbursem*nt from the Settlement Fund.

  • Estimated Transaction Expenses has the meaning set forth in Section 2.3(a).

  • Qualified rehabilitation expenditures means capital

  • Administration Expenses means all fees, disbursem*nts, expenses, costs, taxes and any other amounts incurred or payable by the Plaintiffs, Class Counsel or otherwise for the approval, implementation and operation of this Settlement Agreement, including the costs of notices, but excluding Class Counsel Fees and Class Counsel Disbursem*nts.

  • Company Expenses has the meaning provided in Section 8.3.

  • Preservation Expenses Expenditures made by the Servicer in connection with a foreclosed Home Equity Loan prior to the liquidation thereof, including, without limitation, expenditures for real estate property taxes, hazard insurance premiums, property restoration or preservation.

  • Final Transaction Expenses has the meaning set forth in Section 3.2(b).

  • Transaction Expenses means any fees or expenses incurred or paid by the Investors, Holdings, the Borrower or any of its (or their) Subsidiaries in connection with the Transactions (including expenses in connection with hedging transactions), this Agreement and the other Loan Documents and the transactions contemplated hereby and thereby.

  • Operational Expenses means expenses of the clerk of court used to maintain the clerk's office and includes, but is not limited to, (i) computer support, maintenance, enhancements, upgrades, and replacements and office automation and information technology equipment, including software and conversion services; (ii) preserving, maintaining, and enhancing court records, including, but not limited to, the costs of repairs, maintenance, consulting services, service contracts, redaction of social security numbers from certain records, and system replacements or upgrades; and (iii) improving public access to records maintained by the clerk, including locating technology in an offsite facility for such purposes or for implementation of a disaster recovery plan.

  • Current Expenses means operating costs other than personal services and shall not

  • Acquisition Costs means all fees, costs, expenses, stamp, registration or transfer Taxes incurred by the Group in connection with the Acquisition.

  • Parent Expenses means (i) costs (including all professional fees and expenses) incurred by any Parent in connection with its reporting obligations under, or in connection with compliance with, applicable laws or applicable rules of any governmental, regulatory or self-regulatory body or stock exchange, this Indenture or any other agreement or instrument relating to Indebtedness of the Company or any Restricted Subsidiary, including in respect of any reports filed with respect to the Securities Act, Exchange Act or the respective rules and regulations promulgated thereunder, (ii) corporate overhead expenses Incurred in the ordinary course of business, and to pay salaries or other compensation of employees who perform services for any Parent or for both such Parent and the Company, (iii) expenses incurred by any Parent in connection with the acquisition, development, maintenance, ownership, prosecution, protection and defense of its intellectual property and associated rights (including but not limited to trademarks, service marks, trade names, trade dress, patents, copyrights and similar rights, including registrations and registration or renewal applications in respect thereof; inventions, processes, designs, formulae, trade secrets, know-how, confidential information, computer software, data and documentation, and any other intellectual property rights; and licenses of any of the foregoing) to the extent such intellectual property and associated rights relate to the business or businesses of the Company or any Subsidiary thereof, (iv) indemnification obligations of any Parent owing to directors, officers, employees or other Persons under its charter or by-laws or pursuant to written agreements with any such Person, (v) other operational and tax expenses of any Parent incurred on behalf of the Company in the ordinary course of business, including obligations in respect of director and officer insurance (including premiums therefor); it being understood for purposes of this definition, that all operational and tax expenses of any Parent are deemed to be incurred on behalf of the Company if the Company’s activities represent substantially all of the operating activities of any Parent and all of its Subsidiaries, and (vi) fees and expenses incurred by any Parent in connection with any offering of Capital Stock or Indebtedness, (x) where the net proceeds of such offering are intended to be received by or contributed or loaned to the Company or a Restricted Subsidiary, or (y) in a prorated amount of such expenses in proportion to the amount of such net proceeds intended to be so received, contributed or loaned, or (z) otherwise on an interim basis prior to completion of such offering so long as any Parent shall cause the amount of such expenses to be repaid to the Company or the relevant Restricted Subsidiary out of the proceeds of such offering promptly if completed.

  • Basic living expenses means the cost of basic food, shelter, and any other expenses of a Domestic Partner which are paid at least in part by a program or benefit for which the partner qualified because of the Domestic Partnership. The individuals need not contribute equally or jointly to the cost of these expenses as long as they agree that both are responsible for the cost.

  • means expenses incurred by or on behalf of the Developer or by the Authority, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) insurance premium, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract, or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement.

  • Non-Common Expenses Definition | Law Insider (2024)

    FAQs

    Non-Common Expenses Definition | Law Insider? ›

    Non-Common Expenses means all expenses relating to (i) services or other benefits (“Non-Common Services”) that are not provided to office tenants of the Building generally without a separate charge (including, without limitation, any incremental services that Tenant requires in order to operate a laboratory within the ...

    What are mandatory and non mandatory expenses? ›

    While non-discretionary expenses are considered mandatory—housing, taxes, debt, and groceries—discretionary expenses are any costs incurred above and beyond what is deemed necessary. These are generally considered wants, while non-discretionary expenses are usually referred to as needs.

    Which expenses are excluded from cost? ›

    Some items, such as income tax and legal expenses, are commonly excluded because they are not related to production costs. Other items, such as dividends and amount written off, may be included or excluded depending on the company's accounting policies.

    What are non routine costs? ›

    Non-Routine Expenses means expenses that are directly incurred in connection with the contest or the possibility of a contest of a claim or the assertion of defenses, including legal expenses and Extra-Contractual Obligations. Non-Routine Expenses means any expenses that are not Routine Expenses.

    What is the meaning of other expenses? ›

    Other expenses are expenses that do not relate to a company's main business. As well as operating costs, the company needs to consider other expenses including interest expense and losses from disposing of fixed assets. Examples of other expenses include interest expense and losses from disposing of fixed assets.

    What are 3 non-essential expenses? ›

    Here are other examples of team perks that are non-essential expenses: Gym memberships and wellness programs. Health insurance benefits. Education assistance and certifications.

    What is the definition of non-essential expenses? ›

    Non-essential expenses are expenses that arise from wants and not needs. These are expenses that you can live without. For example, getting nails done at a salon is a non-essential expense because people can live without getting their nails done.

    Which of the following is not an expense item? ›

    Dividends. Dividends are paid from the firm's net income, which is not a business expense. Advertising costs, salaries, and depreciation are eligible expenses.

    What are the indirect expenses? ›

    Indirect expenses are the costs that cannot be directly linked to the production or delivery of a specific product or service. These are the general operating expenses necessary to run the daily operations of a business, encompassing aspects like administrative salaries, utility bills, and rental costs.

    Which expenses are direct expenses? ›

    Direct expenses are those which rely on the manufacture and sale of products or services by a company. Examples of direct expenses are wages, customs duty and excise duty. Indirect expenses are those that a company must pay to keep its business running smoothly.

    What is the definition of non-routine? ›

    adjective. non·​rou·​tine ˌnän-rü-ˈtēn. : not routine : not of a commonplace or repetitious character. a nonroutine situation. an extended shutdown necessary for nonroutine repairs.

    Which is non recurring cost? ›

    What is a non-recurring charge? This is a one-time or infrequent expense that a business incurs and is not expected to pay again in the future. Non-recurring expenses can include: Purchasing equipment.

    What is the difference between expenses and other expenses? ›

    It is essential to distinguish between expenses and other expenditures because only expenses are used to calculate net income. All other expenditures, such as equipment purchases, are considered capital expenditures and are not recorded as expenses.

    What are miscellaneous expenses? ›

    In accounting, miscellaneous expenses are small transactions that usually do not fit any ledger's specified accounts. However, businesses must keep a record and account for it in their business ledger account. In case items under miscellaneous expenses increase in usage and size, they should be given their own account.

    What is a mandatory expense? ›

    Mandatory Expense (definition): Mandatory expenses are college-wide expenses that are legally, contractually, or operationally required.

    What are 2 examples of mandatory spending? ›

    Mandatory spending, also known as direct spending, is mandated by existing laws. This type of spending includes funding for entitlement programs like Medicare and Social Security and other payments to people, businesses, and state and local governments.

    What is mandatory spending and examples? ›

    Mandatory spending is simply all spending that does not take place through appropriations legislation. Mandatory spending includes entitlement programs, such as Social Security, Medicare, and required interest spending on the federal debt. Mandatory spending accounts for about two-thirds of all federal spending.

    What is the difference between mandatory and discretionary expenses? ›

    One reason is that Congress must approve discretionary spending each year. As a result, Congress must make a decision about how much to spend on discretionary activities. For mandatory programs and tax expenditures, in contrast. Congress typically does not have to act.

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