Common use of Shared Third-Party Services Clause in Contracts

Shared Third-Party Services. Shared third-party services are a category of Affiliated Operations where to the knowledge of the Company a service (e.g., a professional service such as accounting, legal, tax, information technology, or business consulting) will be provided by a third party service provider to both the Company (or any of its Controlled Entities) and any Affiliate. Subject to DOE review, approval by a majority of the GSC is sufficient to authorize a third party shared service if it does not involve a conflict of interest and will not adversely affect the Company’s ability to comply with this Agreement. In addition, the GSC must include a description of the third party shared services approved in this manner in the Company’s AOP within ten (10) days of its decision and provide the same to DOE. DOE in its sole discretion may require the GSC to rescind any approval made under this paragraph if DOE determines that a conflict of interest or adverse effect on the Company’s ability to comply with the security measures required by this Agreement is reasonably likely and insufficiently mitigated. DOE review under this paragraph will normally consider separate engagement letters, separate projects and the like as mitigating factors.

Shared Third-Party Services. Shared third-party services are a category of Affiliated Operations where where, to the knowledge of the Company Company, a service (e.g., a professional service such as accounting, legal, tax, information technology, or business consulting) will be provided by a third party service provider to both the Company (or any of its Controlled Entities) and any Affiliate. Subject to DOE DSS review, approval by a majority of the GSC is sufficient to authorize a third party shared service if it does not involve a conflict of interest and will not adversely affect the Company’s ability to comply with this Agreement. In addition, the GSC must include a description of the third party shared services approved in this manner in the Company’s AOP within ten (10) days of its decision and provide the same to DOEDSS. DOE DSS, in its sole discretion discretion, may require the GSC to rescind any approval made under this paragraph if DOE DSS determines that a conflict of interest or adverse effect on the Company’s ability to comply with the security measures required by this Agreement is reasonably likely and insufficiently mitigated. DOE DSS review under this paragraph will normally consider separate engagement letters, separate projects and the like as mitigating factors.