Common use of Cost and Expense Clause in Contracts

Cost and Expense. Insurance premiums and any costs or expenses with respect to the insurance or self-insurance required under this Article XII, including any Inn Retention, shall be treated as Deductions. Such premiums and costs shall be allocated on an equitable basis to the inns participating under Management Company's, Marriott's or a Marriott Affiliate's blanket insurance or self- insurance programs. Any reserves, losses, costs or expenses which are uninsured shall be treated as a cost of insurance and shall be Deductions. Premiums on policies for more than one year shall be charged pro rata against Gross Revenues as a Deduction over the period of the policies. Upon Termination, either of this entire Agreement or with respect to a given Inn, an escrow fund in an amount reasonably acceptable to Management Company and Owner shall be established from Gross Revenues (or, if Gross Revenues are not sufficient, with funds provided by Owner) to cover the amount of any Inn Retention and all other costs which will eventually have to be paid by Management Company with respect to pending or contingent claims, including those which arise after Termination for causes arising during the term of this Agreement.

Cost and Expense. Insurance premiums and any costs or expenses with respect to the insurance or self-insurance required under this Article XIIXI, including any Inn Hotel Retention, shall be treated as Deductions. Such premiums and costs shall be allocated on an equitable basis to the inns Hotels participating under Management Company's, Marriott's or a Marriott Affiliate's blanket insurance or self- self-insurance programs. Any reserves, losses, costs or expenses which are uninsured shall be treated as a cost of insurance and shall be Deductions. Premiums on policies for more than one year shall be charged pro rata against Gross Revenues as a Deduction over the period of the policies. Upon Termination, either of this entire Agreement or with respect to a given InnHotel, an escrow fund in an amount reasonably acceptable to Management Company and Owner shall be established from Gross Revenues (or, if Gross Revenues are not sufficient, with funds provided by Owner) to cover the amount of any Inn Hotel Retention and all other costs which will eventually have to be paid by Management Company with respect to pending or contingent claims, including those which arise after Termination for causes arising during the term of this Agreement.