Common use of Joint Costs Clause in Contracts

Joint Costs. Parties agree to share the costs for the Assessment’s Consultant fees as stated more particularly below. Each Party will make payments of those costs from current revenues available to each Party. The Parties agree that the total cost of the Assessment will not exceed TWO HUNDRED NINETY-THREE THOUSAND AND NO/100 DOLLARS ($293,000.00), with each Party paying a specific prorate amount based on the percentages and not to exceed the maximum amounts which are both set forth in Section 4.04.2.