Principles for Cost Sharing Sample Clauses

Principles for Cost Sharing. The general principle of no cross subsidization between Xxxxx Xxxxx and other users of the Kincardine Drinking Water System including that the financial contributions to be made by Bruce Power to permit the supply of Drinking Water to the Xxxxx Site are that Kincardine should not incur any costs to put in place the Physical Facilities required to allow the supply of the Xxxxx Power Flow Requirement and Xxxxx Xxxxx should not be required to provide funding beyond its Proportionate Share of the cost of operation or expansion of the Kincardine Drinking Water System during the Term of this Agreement. Notwithstanding the foregoing, and for greater clarity, Xxxxx Xxxxx and Kincardine acknowledge and agree that (a) the post-construction operating costs associated with the Kincardine Drinking Water System will be the responsibility of the Municipality; (b) where the required works are for the sole benefit of Xxxxx Xxxxx, Xxxxx Xxxxx will pay solely the Total Cost payable by Bruce Power pursuant to Section 3.3 below; (c) where the works are for the sole benefit of Kincardine or its other users, Kincardine will pay the Total Cost; (d) where works have a mutual benefit, there will be a sharing of costs in accordance with each Party’s Proportionate Share , with Xxxxx Xxxxx’s maximum payment obligation being solely that payable by Xxxxx Xxxxx pursuant to Section 3.2 below and (e) the costs attributed to, and payable by, Xxxxx Xxxxx as reflected in Section 3.2 to and including Section 3.4 comprise, in the aggregate, all costs payable by Xxxxx Xxxxx pursuant to and in accordance with this Agreement for the Project. For greater certainty, and subject only to Subsection 3.7.1 below, the Parties acknowledge and agree that, from and after the commencement of Phase 4, Xxxxx Xxxxx shall have no obligations for capital contributions, other than as set out in Section 3.7 below, buy-in or similar types of payments to the Municipality, its contractors, subcontractors or any other Person whether or not associated or affiliated with the Municipality. The Parties acknowledge and agree that the Water Rates, which are a component of the Water Charges, include an amount on account of future replacement of capital assets. For clarity, during Phase 4, Xxxxx Xxxxx shall be obligated to pay the Water Charges, in accordance with the provisions of this Agreement
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Related to Principles for Cost Sharing

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