Cost of Compliance Clause Samples
The Cost of Compliance clause defines which party is responsible for bearing the expenses associated with meeting legal, regulatory, or contractual requirements under the agreement. Typically, this clause specifies whether the costs incurred to comply with applicable laws, obtain necessary permits, or implement required changes are to be paid by the service provider, the client, or shared between both. By clearly allocating these financial responsibilities, the clause helps prevent disputes over unexpected compliance costs and ensures that both parties understand their obligations, thereby promoting transparency and effective risk management.
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Cost of Compliance. The Parties acknowledge that compliance with this Section 13.6 may, in some cases, constitute New Services for which Supplier is entitled to additional compensation. However, in no event shall Supplier be entitled to any additional compensation for New Services under this subsection unless the Kraft Contract Manager and Supplier Account Executive, or their authorized designee, expressly agree upon such additional compensation or Supplier’s entitlement to additional compensation is established through the dispute resolution process.
Cost of Compliance. Storm, surface, nuisance, or other waters may be encountered at various times during construction of The Work. Therefore, the Contractor, by submitting a Bid, hereby acknowledges that it has investigated the risk arising from such waters, has prepared its Bid accordingly, and assumes any and all risks and liabilities arising therefrom.
Cost of Compliance. Successful Respondent’s cost of complying with this Section shall be at no additional charge to DIR.
Cost of Compliance. Contractor’s cost of complying with this Section 11.3 shall be at no additional charge to AOC.
Cost of Compliance. Service Provider's cost of complying with this Section 13.8 shall be at no additional charge to DIR.
Cost of Compliance. The Members acknowledge that either KPMG or PKF may be engaged by the Company as the Company’s independent auditors and/or tax preparation firm. Notwithstanding anything contained herein to the contrary, if KPMG is retained for either such service, the PB Member shall bear directly (without the same constituting a Capital Contribution hereunder), and the Company shall not be responsible for, the “Incremental Costs” incurred by the Company for utilizing KPMG to provide any such service rather than PKF. For such purpose, the “Incremental Costs” shall be determined as follows unless otherwise agreed by the Members: For each Fiscal Year, the Company shall solicit estimates from each of KPMG and PKF for each of the auditing and tax preparation services (as if provided separately). If the KPMG estimate for a particular service exceeds the PKF estimate for a particular service, and KPMG is selected for such service, the “Incremental Cost” shall equal the actual cost of such service multiplied by the percentage by which the KPMG estimate exceeded the PKF estimate. For example, if the PKF estimate for audit work is $1.0 million and the KPMG estimate for the same work is $1.25 million, and KPMG is selected, the “Incremental Cost” shall be 20% of the actual cost for KPMG’s audit work for that year.
Cost of Compliance. Except where otherwise explicitly provided in this Agreement, 676 Club shall bear the sole cost and expense of complying with and performing all of the duties and 677 obligations of Club under this Agreement, and the City shall bear the sole cost and expense of complying 678 with and performing all of the duties and obligations of the City under this Agreement. 679
Cost of Compliance. Except where otherwise explicitly provided in this Lease, the Tenant shall bear the sole cost and expense of complying with and performing all of the duties and obligations of the Tenant under this Lease, and the Landlord shall bear the sole cost and expense of complying with and performing all of the duties and obligations of the Landlord under this Lease.
Cost of Compliance. 19 The costs for compliance with the above Stipulations will be borne by UPRR and not by the 20 USCG, SHPOs, USACE, or other parties.
Cost of Compliance. StadCo and TeamCo acknowledge and agree that the implementation of, and compliance with, its commitments as set forth in this CBA will require the expenditure of funds, foregoing certain revenue streams, incurring higher operating expenses, and distributing other meaningful resource allocations (e.g., volunteer hours), either directly by StadCo or TeamCo or by those charged with carrying the various provisions of this CBA on their behalf. All Parties acknowledge the resource allocations necessary to effectuate this CBA are significant and some may not be readily quantifiable. As such, nothing in this Section 2.8 or any other section of this CBA shall require StadCo or TeamCo to allocate resources or otherwise incur costs other than on a commercially reasonable basis. Notwithstanding the foregoing and for the sake of clarity, nothing in this Section 2.8 shall limit the financial commitments set forth in Section 1.5, the workforce demographic requirements set forth in Sections 1.1.1, 1.1.3 and 1.
2.1; the Living Wage requirements set forth in Sections 1.1.2 and 1.2.2; or the reporting requirements set forth in Sections 2.6 and 2.7.