Common use of Overview and Costs Clause in Contracts

Overview and Costs. Pursuant to the Instructions to Proposers contained in the RFP for the Project, the Enterprises may be required to pay a Stipend to the unsuccessful Proposers or to all the Proposers upon cancellation of the procurement. In addition, pursuant to the C-70 Project Agreement, the Enterprises are required to pay certain specified Termination Compensation to the Developer upon the termination of the C-70 Project Agreement. To that end, the Parties agree to the division of costs as set forth in this Section V of the Agreement.

Overview and Costs. Pursuant to the Instructions to Proposers contained in the RFP for the Project, the Enterprises may be required to pay a Stipend Payment (as defined in the Instructions to Proposers) to the unsuccessful Proposers or to all the Proposers upon cancellation of the procurement. In addition, pursuant to the C-70 Project Agreement, the Enterprises are required to pay certain specified Termination Compensation Amounts to the Developer upon the termination of the C-70 Project Agreement. To that end, the Parties agree to the division of costs as set forth in this Section V of the this Agreement.