Cost Substantiation Generally Sample Clauses

Cost Substantiation Generally. The Company shall provide Cost Substantiation for the costs for which the County is financially responsible hereunder, other than the per Ton amounts of the O&M Charge, the Waste Transport Charge, the Waste Disposal Charge and the Organics Transport & Disposal Charge components of the Service Fee and the costs for which the Parties have negotiated a lump sum price, all as and to the extent provided in Section 17.6. In incurring costs which are or may be subject to Cost Substantiation, the Company shall use competitive practices to the maximum reasonable extent (including, where practicable, obtaining three competing quotes or estimates for costs expected to be in excess of $50,000), and shall enter into Subcontracts on commercially reasonable terms and prices in light of the work to be performed and the County’s potential obligation to pay for it.
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Cost Substantiation Generally. The DBOM Contractor shall provide Cost Substantiation for the costs for which the BWS is financially responsible hereunder, other than the Fixed Component of the Service Fee and the Fixed Design-Build Price and the costs for which the parties have negotiated a lump sum price, all as and to the extent provided in Section 22.8 (Negotiated Fixed Price Work). In incurring costs which are or may be subject to Cost Substantiation, the DBOM Contractor shall utilize competitive practices to the maximum reasonable extent (including, where practicable, obtaining three competing quotes or estimates for costs expected to be in excess of $50,000 (which initial amount shall be subject to escalation annually on July 1 of each Contract Year by the CPI Adjustment Factor)), and shall enter into subcontracts on commercially reasonable terms and prices in light of the work to be performed and the BWS’s potential obligation to pay for it.
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Cost Substantiation Generally. The Company shall provide Cost Substantiation for the costs for which SRWA is financially responsible hereunder, other than the Base Design-Build Price and the costs for which the parties have negotiated a lump sum price, all as and to the extent provided in Section 10.7 (Negotiated Fixed Price Work). In incurring costs that are or may be subject to Cost Substantiation, the Company shall utilize competitive practices to the maximum reasonable extent (including, where practicable, obtaining three competing quotes or estimates for costs expected to be in excess of $50,000), and shall enter into subcontracts on reasonable terms and prices in light of the work to be performed and SRWA’s potential obligation to pay for it.
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Cost Substantiation Generally. The Developer shall provide a Cost Substantiation Certificate, in form and substance acceptable to the City, in its reasonable discretion, in accordance with subsection (C) (Cost Substantiation Certificate) of this Section for any additional costs for which the City is financially responsible hereunder, unless the City opts to instead undergo a lump sum price negotiation. For costs which are or may be subject to Cost Substantiation, the Developer shall utilize competitive practices to the maximum reasonable extent (including, where practicable, obtaining three competing quotes or estimates for costs expected to be in excess of $10,000 (CPI-Linked)), and shall enter into Project Subcontracts on commercially reasonable terms and prices in light of the work to be performed and the City’s potential obligation to pay for it; provided, however, that, the Developer shall only apply to scopes of work not already related to a pre-existing Project Subcontract with an original Project Subcontractor (and not an assignee) and shall not be required to utilize these competitive practices for additional work self- performed by a Project Subcontractor that is an original party to (and not an assignee under) Project Subcontracts that pre-existed the need and request for additional work. If the Developer is not required to utilize competitive practices, it shall instead demonstrate to the City that the costs for which the City is financially responsible are commercially reasonable. The City shall approve, in advance, all cost estimates, contracts and budgets for additional costs for which it is responsible hereunder and Developer shall not incur any costs for which it expects City reimbursement without the City’s prior, written approval. Cost Substantiation shall be provided as soon as reasonably practicable after the costs which require substantiation have been determined by the Developer and prior to entering into any contracts or undertaking any work. Cost Substantiation shall also be required where the parties agree that the Developer shall perform additional work on a guaranteed maximum price basis, subject to the limitations set forth in subsection (D) (Evidence of Costs Incurred) of this Section.
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Related to Cost Substantiation Generally

  • Budget For Tenant Improvements A preliminary detailed breakdown by trade of the costs incurred or that will be incurred in connection with the design and construction of the Tenant Improvements is set forth on Schedule 3 attached hereto (the “Budget”). The Budget is based upon the TI Construction Drawings approved by Tenant and shall include a payment to Landlord of administrative rent (“Administrative Rent”) equal to 1.5% of the TI Costs, which Administrative Rent shall include, without limitation, all out-of-pocket costs, expenses and fees incurred by or on behalf of Landlord arising from, out of, or in connection with monitoring the construction of the Tenant Improvements and Changes, and shall be payable out of the TI Fund. Landlord shall provide Tenant with a final Budget promptly following approval of the TI Construction Drawings by Landlord and Tenant. The Budget shall be subject to Tenant’s review and approval which approval shall not be unreasonably withheld, conditioned or delayed by Tenant. Tenant shall have the right to approve any use of the contingency in the Budget by Landlord; provided, however, that, Tenant’s approval shall not be unreasonably withheld, conditioned or delayed, and the contingency shall not be available for use by Tenant for any Changes until all unforeseen conditions, changes to resulting from governmental agencies and the like have first been paid for out of the contingency.

  • Annual Compliance Statements (a) The Master Servicers, the Special Servicers, the Certificate Administrator, the Trustee (but only to the extent set forth in the last sentence of this paragraph), any Additional Servicer and each Servicing Function Participant (if such Servicing Function Participant is a servicer contemplated by Item 1108(a)(2)(i), (ii) or (iii) of Regulation AB) (each, a “Certifying Servicer”) shall and the Master Servicers and the Special Servicers shall (i) with respect to any Additional Servicer or Servicing Function Participant (if such Servicing Function Participant is a servicer contemplated by Item 1108(a)(2)(i), (ii) or (iii) of Regulation AB) that is a Designated Sub-Servicer of such party, use commercially reasonable efforts to cause, and (ii) with respect to any other Additional Servicer or Servicing Function Participant (if such Servicing Function Participant is a servicer contemplated by Item 1108(a)(2)(i), (ii) or (iii) of Regulation AB), cause, each Additional Servicer and Servicing Function Participant (other than any party to this Agreement) with which it has entered into a servicing relationship with respect to the Mortgage Loans to, deliver to the Depositor, the Certificate Administrator, the Trust Advisor (in the case of a Special Servicer only), the Rule 17g-5 Information Provider (who shall promptly post such report to the Rule 17g-5 Information Provider’s Website pursuant to Section 8.12(c) of this Agreement) on or before March 1st (subject to a grace period through March 15th) of each year, commencing in 2015 (or, in the case of an Additional Servicer or Servicing Function Participant with respect to a Special Servicer, such party shall provide such Officer’s Certificate to such Special Servicer on or before March 1st (subject to a grace period through March 5th)), an Officer’s Certificate stating, as to the signer thereof, that (A) a review of such Certifying Servicer’s activities during the preceding calendar year or portion thereof and of such Certifying Servicer’s performance under this Agreement, or the applicable sub-servicing agreement or primary servicing agreement in the case of an Additional Servicer, has been made under such officer’s supervision and (B) to the best of such officer’s knowledge, based on such review, such Certifying Servicer has fulfilled all its obligations under this Agreement, or the applicable sub-servicing agreement or primary servicing agreement in the case of an Additional Servicer, in all material respects throughout such year or portion thereof, or, if there has been a failure to fulfill any such obligation in any material respect, specifying each such failure known to such officer and the nature and status thereof. The Certificate Administrator, shall prior to March 1st of each year, commencing in 2015, contact the Trustee and inquire as to whether any Advance was required to be made by the Trustee during the preceding calendar year, and if no such Advance was required to be made by the Trustee, then the Trustee shall not be required to deliver any compliance statement required by this Section 11.12(a) for such period.

  • Administrator Compliance Statement On or before ninety (90) days after the end of each fiscal year, commencing with the fiscal year ended March 31st immediately following the Closing Date, the Administrator shall deliver to the Issuer a statement of compliance addressed to the Issuer and signed by an authorized officer of the Administrator to the effect that (i) a review of the Administrator’s activities during the immediately preceding reporting year (or applicable portion thereof) and of its performance under this Agreement during such period has been made under such officer’s supervision, and (ii) to the best of such officer’s knowledge, based on such review, the Administrator has fulfilled all of its obligations under this Agreement in all material respects throughout such reporting year (or applicable portion thereof) or, if there has been a failure to fulfill any such obligation in any material respect, specifically identifying each such failure known to such officer and the nature and the status thereof. If the Administrator is the same party as the Servicer, such party’s compliance with Section 3.11(a) of the Sale and Servicing Agreement will satisfy the Administrator’s obligations set forth in this Section 1.21(b).

  • Accounting Compliance Participant agrees that, if a merger, reorganization, liquidation or other “transaction” as defined in Section 14 of the Plan occurs and Participant is an “affiliate” of the Company or any Affiliate (as defined in applicable legal and accounting principles) at the time of such transaction, Participant will comply with all requirements of Rule 145 of the Securities Act of 1933, as amended, and the requirements of such other legal or accounting principles, and will execute any documents necessary to ensure such compliance.

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