Common use of Facility Costs Clause in Contracts

Facility Costs. The Xxxxx Xxxxxx Entities shall pay the actual costs and expenses to the GE Entities for GE Facilities and the GE Entities shall pay the actual costs and expenses to the Xxxxx Xxxxxx Entities for Xxxxx Xxxxxx Facilities (each individually, “Facility Costs”), consistent with the pricing methodology as charged immediately prior to the Closing; provided that if the Provider is required under applicable Law (including to avoid any applicable penalties) to charge any markup or margin in order to provide a Service, a reasonably appropriate markup or margin shall be included in, and increase, the relevant Facility Cost. Facility Costs shall be subject to annual increases consistent with actual increases in charges that (i) GE or Xxxxx Xxxxxx is applying to other GE Entities or Xxxxx Xxxxxx Entities in the same facility or (ii) are being applied by GE or Xxxxx Xxxxxx to similar facilities across each of their businesses.

Appears in 4 contracts

Samples: Intercompany Services Agreement (BAKER HUGHES a GE Co LLC), Intercompany Services Agreement (Bear Newco, Inc.), Intercompany Services Agreement (Baker Hughes a GE Co)

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Facility Costs. The Xxxxx Xxxxxx Entities shall pay the actual costs and expenses to the GE Entities for GE Facilities and the GE Entities shall pay the actual costs and expenses to the Xxxxx Xxxxxx Entities for Xxxxx Xxxxxx Facilities (each individually, Facility CostsCosts ”), consistent with the pricing methodology as charged immediately prior to the Closing; provided that if the Provider is required under applicable Law (including to avoid any applicable penalties) to charge any markup or margin in order to provide a ServiceService , a reasonably appropriate markup or margin shall be included in, and increase, the relevant Facility CostCost . Facility Costs shall be subject to annual increases consistent with actual increases in charges that (i) GE or Xxxxx Xxxxxx is applying to other GE Entities or Xxxxx Xxxxxx Entities in the same facility or (ii) are being applied by GE or Xxxxx Xxxxxx to similar facilities across each of their businesses.

Appears in 1 contract

Samples: Intercompany Services Agreement

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