Common use of Recovery of Certain Costs Clause in Contracts

Recovery of Certain Costs. (a) If Holdings agrees to make any expenditures at Company’s request, Company will reimburse Holdings for the actual amount paid by Holdings for such expenditures or, at Holdings’s option and if the Parties agree, any applicable fees set forth on Exhibit A will be increased, or additional fees shall be added to Exhibit A, or imposed to allow Holdings to recover the amount paid by Holdings for such expenditures over time from Company or another entity. (b) If new Laws require Holdings to make substantial and unanticipated expenditures in connection with the services Holdings provides to Company under this Agreement, Company will reimburse Holdings for Company’s proportionate share of the costs of complying with such Laws, or at Holdings’s option and if the Parties agree, relevant periodic or unit charges will be increased or an alternate mechanism shall be adopted to allow Holdings to recover such costs over time from Company or another entity. (c) If Holdings determines that the Medford Spheres must be pumped, drained, purged or otherwise cleaned of residual volumes, Company will reimburse Holdings for the actual amount paid by Holdings for such cleaning services. Holdings and Company will work together to coordinate such cleaning activities to minimize disruption on the Parties’ respective commercial operations.

Appears in 1 contract

Sources: Storage Services Agreement (Phillips 66 Partners Lp)

Recovery of Certain Costs. (a) If Holdings Carrier agrees to make any expenditures at Company’s request, Company will reimburse Holdings Carrier for the actual amount paid by Holdings Carrier for such expenditures or, at HoldingsCarrier’s option and if the Parties agree, any applicable fees set forth on Exhibit A will be increased, increased or additional fees shall be added to Exhibit A, A or otherwise imposed to allow Holdings Carrier to recover the amount paid by Holdings Carrier for such expenditures over time from Company or another entity. (b) If new Laws require Holdings Carrier to make substantial and unanticipated expenditures in connection with the services Holdings Carrier provides to Company under this Agreement, Company will reimburse Holdings Carrier for Company’s proportionate share of the costs of complying with such Laws, or at HoldingsCarrier’s option and if the Parties agree, relevant periodic or unit charges will be increased or an alternate mechanism shall be adopted to allow Holdings Carrier to recover such costs over time from Company or another entity. (c) If Holdings Carrier determines that the Medford Spheres Tanks must be pumped, drained, purged or otherwise cleaned of residual volumes, Company will reimburse Holdings Carrier for the actual amount paid by Holdings Carrier for such cleaning services. Holdings Carrier and Company will work together to coordinate such cleaning activities to minimize disruption on to the Parties’ respective commercial operations.

Appears in 1 contract

Sources: Contribution, Conveyance and Assumption Agreement (Phillips 66 Partners Lp)