Common use of REIMBURSEMENT FOR ALLOCATED COSTS Clause in Contracts

REIMBURSEMENT FOR ALLOCATED COSTS. At the end of each month, not later than the 30th day of the following month, (i) UWS shall promptly reimburse BCBSUW and UWIC for all costs and expenses incurred by BCBSUW and UWIC in furnishing or obtaining the Officers and BCBSUW Services provided for under Sections I and II, which amount shall be based on the total of direct charges and indirect allocations to UWS for the preceding month, and (ii) BCBSUW shall promptly reimburse UWS and UWIC for all costs and expenses incurred by UWS and UWIC in furnishing or obtaining the Officers and UWS Services provided for under Sections I and II, which amount shall be based on the total of direct charges and indirect allocations to BCBSUW for the preceding month. Notwithstanding the preceding, the parties reserve the right to offset amounts due to each other under this Agreement.