Common use of Other Costs and Disbursements Clause in Contracts

Other Costs and Disbursements. (a) The Parties contemplate that, from time to time after the date hereof, Parent Entities or SpinCo Entities, as applicable (any such party, the “Paying Party”), as a convenience to another Parent Entity or SpinCo Entity, as applicable (the “Responsible Party”), in connection with the provision of the Services or transactions contemplated by this Agreement, may make certain payments that are properly the responsibility of the Responsible Party (whether pursuant to this Agreement or any other agreement contemplated thereby) (any such payment made, a “Disbursement,” and the underlying invoice or similar documentation evidencing such obligation, a “Disbursement Invoice”). Similarly, from time to time after the date hereof, the Parent Entities or SpinCo Entities, as applicable (any such party, the “Collecting Party”), may receive from third parties certain payments to which another SpinCo Entity or Parent Entity, as applicable, is entitled (any such Party, the “Receiving Party”, and any such payment received, a “Receipt”). Accordingly, with respect to Disbursements and Receipts, the Parties agree as follows:

Other Costs and Disbursements. (a) The Parties contemplate that, from time to time after the date hereofEffective Date, Parent GE Entities or SpinCo Xxxxx Xxxxxx Entities, as applicable (any such party, the “Paying Party”), as a convenience to another Parent GE Entity or SpinCo Xxxxx Xxxxxx Entity, as applicable (the “Responsible Party”), in connection with the provision of the Services or transactions contemplated by this Agreement, may make certain payments that are properly the responsibility of the Responsible Party (whether pursuant to this Agreement or any other agreement contemplated thereby) (any such payment made, a “Disbursement,” and the underlying invoice or similar documentation evidencing such obligation, a “Disbursement Invoice”). Similarly, from time to time after the date hereofEffective Date, the Parent GE Entities or SpinCo Xxxxx Xxxxxx Entities, as applicable (any such party, the “Collecting Party”), may receive from third third-parties certain payments to which another SpinCo Xxxxx Xxxxxx Entity or Parent GE Entity, as applicable, is entitled (any such Party, the “Receiving Party”, and any such payment received, a “Receipt”). Accordingly, with respect to Disbursements and Receipts, the Parties agree as follows: