Project Cost Offsets definition
Project Cost Offsets means, with respect to the Companies’ Service Obligations in respect of any Indemnifiable Project, the portion of any costs and expenses incurred by the Companies in connection with the performance of such Service Obligations that the Companies recover, whether from vendors, customers or other Persons responsible for or associated with such Service Obligations, in the form of credits against or discounts on future orders by the Companies, rebates from such Persons, direct repayments to the Companies from such Persons, change orders entered into with such Persons, warranty claims recovered by the Companies against such Persons or other reimbursements realized by the Companies from such Persons that are intended to compensate the Companies’ performance of the Service Obligations, in each case to the extent quantifiable and solely to the extent relating to such Service Obligations for such Indemnifiable Project, in each case, net of reasonable fees and expenses of outside legal counsel, if any, incurred to recover any such costs and expenses.