Common use of Staff Services Clause in Contracts

Staff Services. The parties each agree that it and its Affiliates shall provide Staff Services to the Partnership from the First Closing until the Second Closing on the same terms, conditions, prices, cost allocations and basis as currently being provided to their respective Businesses, except that SEI Holdings alone shall be responsible for insurance coverage as described in Section 7.16. Both parties agree to provide Staff Services during 1998 at cost. Neither party nor its Affiliates can charge administrative costs or overhead to the Partnership unless the General Partner agrees to such charges except as required by the Public Utility Holding Company Act of 1935, as amended.

Appears in 2 contracts

Sources: Formation Agreement (Vastar Resources Inc), Formation Agreement (Southern Energy Inc)