Common use of In-Kind Services Clause in Contracts

In-Kind Services. (a) During the Term, the Permittee shall furnish to the Port Authority equipment and services (the “In-Kind Services”) valued at Five Hundred Thousand Dollars and No Cents ($500,000.00) (the “In-Kind Services Budgeted Amount”) to the extent the same are requested in writing by the Port Authority. The In-Kind Services shall consist either of equipment which is of a kind utilized in connection with the System or services which are furnished through use of the System and shall be subject to any limitations, conditions or restrictions imposed by any Laws. The cost of the In-Kind Services to be applied to the In-Kind Services Budgeted Amount shall be based on the actual out-of-pocket costs payable by the Permittee to unaffiliated third parties on an incremental cost basis but may include amounts representing the Permittee’s internal overhead costs not