Common use of Cost and Expense Clause in Contracts

Cost and Expense. Other than as specifically provided for in the Development Management Agreement, the Centralized Services (other than third party expenses) shall be provided at no cost or expense to Owner and the Condo-Hotel (as the same are included in the payment of Operating Fees), and, other than as specifically provided for in the Development Management Agreement, Operator acknowledges and agrees that in no event shall MGM MIRAGE or Operator or any Affiliate thereof pass through to Owner or the Condo-Hotel or otherwise seek payment or reimbursement (as Reimbursable Expenses or otherwise) from Owner or the Condo-Hotel for any costs whatsoever incurred by MGM MIRAGE or Managers or any of their respective Affiliates (whether in the form of rent, utilities or other overhead, employee compensation, benefits or other or personnel costs, or any other internal cost or expense in any form incurred by MGM MIRAGE or Managers or any Affiliate thereof) for providing any Centralized Services.

Appears in 2 contracts

Sources: Operations Management Agreement, Condo Hotel Operations Management Agreement (CityCenter Holdings, LLC)

Cost and Expense. Other than as specifically provided for in the Development Management Agreement, the Centralized Services (other than third party expenses) shall be provided at no cost or expense to Owner and the Condo-Hotel each Component (as the same are included in the payment of Operating Fees), and, other than as specifically provided for in the Development Management Agreement, Operator acknowledges each Manager and agrees the General Manager acknowledge and agree that in no event shall MGM MIRAGE or Operator Managers or any Affiliate thereof pass through to Owner or the Condo-Hotel any Component or otherwise seek payment or reimbursement (as Reimbursable Expenses or otherwise) from Owner or the Condo-Hotel any Component for any costs whatsoever incurred by MGM MIRAGE or Managers or any of their respective Affiliates (whether in the form of rent, utilities or other overhead, employee compensation, benefits or other or personnel costs, or any other internal cost or expense in any form incurred by MGM MIRAGE or Managers or any Affiliate thereof) for providing any Centralized Services.

Appears in 1 contract

Sources: Hotel and Casino Operations and Hotel Assets Management Agreement (CityCenter Holdings, LLC)