Pass-Through of Cost Reimbursements Clause Samples

The Pass-Through of Cost Reimbursements clause establishes that any reimbursable costs incurred by one party, typically the contractor, will be passed on to another party, such as the client or owner, for payment. In practice, this means that if the contractor pays for materials, services, or third-party expenses that are eligible for reimbursement under the contract, those costs are submitted to the client for direct reimbursement without markup or profit. This clause ensures that the party ultimately responsible for the costs bears them, preventing the contractor from absorbing expenses that are not part of their agreed compensation, and promotes transparency in project accounting.
Pass-Through of Cost Reimbursements. Except with respect to Port and Marine Charges in respect of which Project Co is responsible under Clause 10.2.2(B), Project Co shall reimburse the Transporter for any costs and expenses incurred by the Transporter in connection with this Agreement where, and to the extent that, Project Co is entitled under the DES SPA to be reimbursed by DES Buyer for such costs and expenses.
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Pass-Through of Cost Reimbursements. Project Co shall reimburse the Transporter for any costs and expenses incurred by the Transporter in connection with this Agreement where, and to the extent that, Project Co is entitled under the DES SPA to be reimbursed by DES Buyer for such costs and expenses.
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Related to Pass-Through of Cost Reimbursements

  • Payment of Costs and Fees The Borrower shall pay to the Administrative Agent all reasonable costs, out-of-pocket expenses, and fees and charges of every kind in connection with the preparation, negotiation, execution and delivery of this Amendment and any documents and instruments relating hereto (which costs include, without limitation, the reasonable fees and expenses of any attorneys retained by the Administrative Agent) to the extent provided in Section 10.5 of the Credit Agreement.

  • Reimbursement of Costs and Expenses Seller shall have paid, or reimbursed Purchaser for, all reasonable and documented out-of-pocket expenses, including but not limited to reasonable legal fees of outside counsel and reasonable and due diligence fees, actually incurred by Purchaser in connection with the development, preparation and execution of this Agreement, the other Transaction Documents and any other documents prepared in connection herewith or therewith.