Common Costs Clause Samples
The Common Costs clause defines which expenses are to be shared collectively among the parties involved in an agreement or project. Typically, it outlines categories of costs such as administrative fees, maintenance, utilities, or other operational expenses that benefit all parties, and specifies how these costs are to be allocated or reimbursed. By clearly delineating shared financial responsibilities, this clause ensures fairness and transparency, preventing disputes over who is responsible for particular expenses.
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Common Costs. “Common Costs” are costs that are common to all Members and shall include the project management costs of the Consortium Manager, the Technical Manager, and Legal Counsel, as well as the costs associated with obtaining Letters of Access or Licenses for the use of existing Authorisation dossiers.
Common Costs. The Common Costs for each Lease Year shall be estimated by the Homeowners Corporation and communicated to the Sublessee. The Homeowners Corporation shall have the right at any time during any Lease Year to adjust the budget for the Common Costs for such Lease Year or to allocate specific Common Costs, in whole or in part, to the Sublessee based on a determination by the Homeowners Corporation that the Sublessee is solely or partially responsible for such costs, in which event the amount payable by the Sublessee as its Proportionate Share of the Common Costs shall be adjusted accordingly. The Sublessor reserves the right to estimate, ▇▇▇▇, re-estimate and collect Common Costs to the extent such Common Costs have not been charged by the Homeowners Corporation, or paid by the Sublessee to the Homeowners Corporation, and if the Sublessor bills the Sublessee for the Sublessee’s Proportionate Share of such Common Costs, the Sublessee shall forthwith pay such amount to the Sublessor as Additional Rent.
Common Costs. The Tenant shall pay to the Landlord its Proportionate Share of Common Costs as follows:
(1) the Landlord shall estimate the Common Costs for each year of the Term or its fiscal period, as the Landlord elects, and notify the Tenant in writing of its share. The Tenant shall pay 1/12th of the Landlord's estimate of the Tenant's Proportionate Share of Common Costs in advance with each monthly installment of Rent payable throughout that period, which will be adjusted if the Landlord later re‑estimates the Common Costs for such period or the remaining portion,
(2) the Landlord shall advise the Tenant of the actual amount of Common Costs for such period and the Tenant's Proportionate Share after the end of such period in reasonable detail, which will be binding on the parties, unless the Tenant gives written notice of objection within 60 days after receiving same. Within 30 days after receipt of that advice from the Landlord, the Tenant shall pay to the Landlord any underpayment by the Tenant of its Proportionate Share of Common Costs for the period or the Landlord shall credit the Tenant in respect of any overpayment; and
(3) if the Landlord is required to prepay any Common Costs or pay any Common Costs more frequently than required at the beginning of the Term, the Tenant shall pay to the Landlord its Proportionate Share of those Common Costs, within seven days after the written request of the Landlord, to allow the Landlord to pay those Common Costs in a timely manner.
Common Costs. Common Costs shall include Employee Costs and costs for Goods and Services of benefit to both RWA and SGA. RWA and SGA shall each be responsible for 50% of Common Costs, unless both the RWA and SGA Boards agree in writing to a different allocation for individual Employees or specific Goods and Services. Budgets, budget items, or written agreements duly adopted and approved by the SGA and RWA Boards may be used to authorize or adjust a Common Cost and/or allocation formula.
Common Costs. In addition to the Base Rent, Tenant shall pay to Landlord, as Additional Rent, the amounts described in Section 4(a), Section 4(b), Section 4(c) and Section 4(d) below:
Common Costs. Per WIOA Section 121(i), is the costs shared by partner programs which may include costs for basic career services, such as initial intake, assessment of needs, basic skills assessment, identification of appropriate services, referrals by one partner to another partner’s program, and other similar services that may be chargeable to more than one program. Common costs and methodologies for cost sharing are included in the cost-sharing portion of this MOU.
Common Costs. [optional] In case partners decide to share costs within the partnership, the following procedure will be applied (in accordance with 4.3.3 of the Programme Manual and national requirements):
Common Costs. The Common Costs are those construction costs that are incurred and are of proportionate benefit to all Parties. Common Costs include items such as erosion and sediment control, traffic control and other costs of benefit and necessary to the prosecution of the Road Project and Waterline Work as agreed by the Parties based upon designated bid items and amounts provided by the contractor prior to execution of the construction contract. The items are identified and the cost thereof shall be shared proportionately between the Parties according to the schedule set forth on Exhibit 2, attached hereto and incorporated by reference. The Parties agree to amend Exhibit 2 to reflect the final Common Cost items and bid amounts, if additional items are included in the bid and not originally listed in Exhibit 2, and subject to further adjustment based on actual quantities or other construction contract payment measures.
Common Costs. In addition to the Base Rent, Lessee shall pay to Lessor, as additional rent, the amounts described in subparagraphs 4(a), 4(b), 4(c) and 4(d) below:
Common Costs. If so provided in Exhibit A hereto Lessee shall further pay to Lessor Lessee's share of Common Costs as described in Exhibit A hereto. If there is no provision for separate payment of Common Costs, Basic Rent includes an apportionment to Lessee of Common Costs.