Reconciliation of Incurred Costs Sample Clauses

Reconciliation of Incurred Costs. Within 30 days after receipt of the quarterly reports provided pursuant to paragraph (2), the Parties will determine the balance to be received or paid by each Party other than IID, depending on whether that Party’s incurred Environmental Mitigation Costs other than Excluded Costs are more (a “net creditor”) or less (a “net debtor”) than that Party’s tentative share determined under Section 4.1 hereof. Environmental Mitigation Costs other than Excluded Costs incurred by IID will be treated for such purposes as incurred by SDCWA. Any amount to be received or paid by IID will be determined by IID and SDCWA under the 1998 IID/SDCWA Transfer Agreement. After taking into account (i) any credits or reimbursements of Environmental Mitigation Costs (other than Excluded Costs) to CVWD by MWD and/or SDCWA, and (ii) any amounts paid to IID by CVWD for Environmental Mitigation Costs under the IID/CVWD Acquisition Agreement, the Parties will then determine the specific amounts to be paid by each net debtor Party to a particular net creditor Party or Parties, together with interest from the end of the calendar quarter at a rate equal to the rate then being earned on deposits with the Local Agency Investment Fund or at such other rate as the Parties may then agree.