Common use of Cost of Compliance Clause in Contracts

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.