Common use of True-Up Clause in Contracts

True-Up. Wherever Utility, at its discretion, requires advance payment of estimated expenses prior to undertaking an activity on behalf of Licensee and the actual cost of activity exceeds the advance payment of estimated expenses, Licensee agrees to pay Utility for the difference in cost. To the extent that the actual cost of the activity is less than the estimated cost, Utility agrees to refund to Licensee the difference in cost.

True-Up. Wherever the Utility, at its discretion, requires advance payment of estimated expenses prior to undertaking an activity on behalf of Licensee and the actual cost of activity exceeds the advance payment of estimated expenses, Licensee agrees to pay the Utility for the difference in cost. To the extent that the actual cost of the activity is less than the estimated cost, the Utility agrees to refund to Licensee the difference in cost.

True-Up. Wherever Whenever Utility, at in its discretion, requires advance payment of estimated expenses prior to undertaking an activity on behalf of Licensee and the actual cost of the activity exceeds the advance payment of estimated expenses, Licensee agrees to pay Utility for the difference in cost, provided that Utility documents such costs with sufficient detail to enable Licensee to verify the charges. To the extent that the Utility’s actual cost of the activity is less than the estimated cost, Utility agrees to shall refund to Licensee the difference in cost.