Cost Agreement Sample Clauses

Cost Agreement. The Cost Agreement will be held in abeyance during the term of the franchise, and re-effective on the date of filing a condemnation petition if Boulder decides to opt-out of the franchise as provided in the Franchise Agreement, with the following agreements related to incurrence of costs under the Cost Agreement:

Cost Agreement. At the time of execution of the amendment to the existing agreement with the APS designer, the County will issue a purchase order to APS to cover the County’s portion of the total design phase costs. If unanticipated costs occur, the purchase order will be increased incrementally for the County share of any additional services as needed. This MOU will be modified via amendment if the final spatial allocations vary significantly (by more than 2%) from the ratio delineated herein to reflect the actual ratio of space assigned to each entity. For construction phase costs, once the total project budget is established and agreed upon by both parties, the County will issue a purchase order to APS to cover the County’s percentage of the total project costs. Any increases in contract prices shall be authorized by way of execution of a change order document signed by authorized representatives from both the County and APS. Change orders will require that the County and the APS project managers agree in advance of issuance. The Contractor(s) will not be authorized to proceed with any change order work without the express permission of each party (County and APS) involved in this project. Copies of executed change orders will be sent to the Schools’ Finance Office and the County’s Accounting Office. Review and authorization of a change order shall occur no later than 15 days from receipt of the change order request. There may be instances when immediate review and authorization from both parties is required to avoid impacting the project schedule. The County and APS contingency funds will be applied to their respective shares of each change order. If and when the County or APS contingency funds are depleted and additional project changes are expected, the County and APS will promptly take action to replenish the respective contingency funds to cover approved change orders and an appropriate amount for the remainder of construction. The underlying understanding for the cost sharing agreement is that the per square foot costs are substantially the same for both portions of the facility and both parties will strive to control costs. However, APS and the County acknowledge that there may be extraordinary elements or amenities included in the design or requested during construction that only one party desires for the project. If such elements significantly increase the cost individually or in aggregate, and one party wishes to decline participation in such elements or amen...

Cost Agreement. Buyer and its cognizant Department of Defense Administrative Contracting Officer shall have agreed that the costs Buyer incurs in maintaining, repairing, restoring, demolishing, disposing or otherwise attending to the Property after the Closing Date shall be considered allowable for allocation to Buyer’s government contracts, notwithstanding any restrictions on the allowability of idle facilities and idle capacity costs, but otherwise subject to the right of Seller to question and audit costs pursuant to law and regulations.