Cost Agreement Sample Clauses
A Cost Agreement clause defines the terms under which parties agree to the allocation and payment of costs related to a contract or project. Typically, it outlines which party is responsible for specific expenses, how costs will be calculated or reimbursed, and any limits or procedures for approval of expenditures. For example, it may specify that one party will cover material costs while the other handles labor, or set a maximum budget for certain activities. The core function of this clause is to provide clarity and prevent disputes by establishing clear expectations regarding financial responsibilities.
Cost Agreement. The Cost Agreement will be held in abeyance during the term of the franchise, and re-effective on the date of filing a condemnation petition if Boulder decides to opt-out of the franchise as provided in the Franchise Agreement, with the following agreements related to incurrence of costs under the Cost Agreement:
1. Except as otherwise provided below or otherwise agreed by the Parties, PSCo will perform no services or other work related to Boulder’s municipalization while the Cost Agreement is held in abeyance.
2. Boulder will not be required to pay for any work performed by PSCo during the abeyance period, except as otherwise provided below or unless mutually agreed upon by the Parties or ordered by the PUC or court of competent jurisdiction.
3. The Parties will work in good faith to resolve any dispute under the Cost Agreement and return any overpayment prior to the effective date of the Franchise Agreement pursuant to the dispute resolution provisions of the Cost Agreement.
Cost Agreement. At the time of execution of the amendment to the existing agreement with the APS designer, the County will issue a purchase order to APS to cover the County’s portion of the total design phase costs. If unanticipated costs occur, the purchase order will be increased incrementally for the County share of any additional services as needed.
Cost Agreement. The Cost Agreement will be held in abeyance during the term of the franchise, and re-effective on the date of filing a condemnation petition if Boulder decides to US.128890939.01 opt-out of the franchise as provided in the Franchise Agreement, with the following agreements related to incurrence of costs under the Cost Agreement:
1. Except as otherwise provided below or otherwise agreed by the parties, PSCo will perform no services or other work related to Boulder’s municipalization while the Cost Agreement is held in abeyance.
2. Boulder will not be required to pay for any work performed by PSCo during the abeyance period, except as otherwise provided below or unless mutually agreed by the Parties or ordered by the PUC or court of competent jurisdiction.
3. The Parties will work in good faith to resolve any dispute under the Cost Agreement and return any overpayment prior to the effective date of the Franchise Agreement pursuant to the dispute resolution provisions of the Cost Agreement.
Cost Agreement. Buyer and its cognizant Department of Defense Administrative Contracting Officer shall have agreed that the costs Buyer incurs in maintaining, repairing, restoring, demolishing, disposing or otherwise attending to the Property after the Closing Date shall be considered allowable for allocation to Buyer’s government contracts, notwithstanding any restrictions on the allowability of idle facilities and idle capacity costs, but otherwise subject to the right of Seller to question and audit costs pursuant to law and regulations.
Cost Agreement. The Cost Agreement will be held in abeyance during the term of the franchise, and re-effective on the date of filing a condemnation petition if Boulder decides to