Common use of Responsibility for Costs and Expenses Clause in Contracts

Responsibility for Costs and Expenses. The Reconstruction Agent shall, from time to time, prepare and deliver to each New Common Facilities Owner a billing statement setting forth in reasonable detail the aggregate amount and each New Common Facilities Owner’s pro rata share (based on its applicable Total Component Ownership Interest with respect to each Component being repaired or reconstructed) of all reasonable and prudently incurred costs and expenses, if any, which the Reconstruction Agent has incurred or reasonably expects to incur in the succeeding month in connection with the Reconstruction Agent’s obligations pursuant to this Section 9.2(a)(ii)(B). All costs and expenses incurred by or on behalf of the Reconstruction Agent pursuant to Section 9.2(a)(ii)(B) shall be borne by each New Common Facilities Owner in proportion to its respective Total Component Ownership Interest with respect to each Component being repaired or reconstructed.