Common use of Reimbursement for Operating and General and Administrative Expenses Clause in Contracts

Reimbursement for Operating and General and Administrative Expenses. (a) Quicksilver hereby agrees to continue to provide, or cause to be provided, the Partnership Group with general and administrative services, such as legal, accounting, treasury, cash management, insurance administration and claims processing, risk management, health, safety and environmental, information technology, human resources, credit, payroll, internal audit, taxes and engineering, that are substantially identical in nature and quality to the services of such type previously provided by Quicksilver in connection with its management and operation of the MLP Assets during the two (2) year period prior to the Closing Date (collectively, the “Services”). (b) The Partnership Group hereby agrees to reimburse Quicksilver for all expenses incurred in conjunction with the performance of the Services, including expenditures it incurs or payments it makes on behalf of the Partnership Group in connection with the business and operations of the Partnership Group, including, but not limited to, (i) salaries of all Quicksilver personnel performing services on the Partnership Group’s behalf and the cost of employee benefits for such personnel, (ii) public company expenses of the MLP, such as K–1 preparation, external audit, internal audit, transfer agent and registrar, legal, printing, unitholder reports and other costs and expenses, (iii) general and administrative expenses and (iv) salaries and benefits of executive management of the General Partner who are employees of Quicksilver. (c) To the extent Quicksilver shall have charge or possession of any of the MLP Assets in connection with the provision of the Services, Quicksilver shall separately maintain, and not commingle, the MLP Assets with those of Quicksilver or any other Person.

Reimbursement for Operating and General and Administrative Expenses. (a) Quicksilver El Paso hereby agrees to continue to provide, or cause to be provided, the Partnership Group with general and administrative services, such as legal, accounting, treasury, cash management, insurance administration and claims processing, risk management, health, safety and environmental, information technology, human resources, credit, payroll, internal audit, taxes and engineering, that are substantially identical in nature and quality to the services of such type previously provided by Quicksilver El Paso in connection with its management and operation of the MLP Assets during the two (2) year period prior to the Closing Date (collectively, the “Services”). (b) The Partnership Group hereby agrees to reimburse Quicksilver El Paso for all direct and indirect expenses incurred in conjunction with the performance of the Services, including expenditures it incurs or payments it makes on behalf of the Partnership Group in connection with the business and operations of the Partnership Group, including, but not limited to, (i) salaries of all Quicksilver El Paso personnel performing services on the Partnership Group’s behalf and the cost of employee benefits for such personnel, (ii) public company expenses of the MLP, such as K–1 K-1 preparation, external audit, internal audit, transfer agent and registrar, legal, printing, unitholder reports and other costs and expenses, (iii) general and administrative expenses and expenses, (iv) salaries and benefits of executive management of the General Partner who are employees of QuicksilverEl Paso and (v) any costs and expenses incurred from third parties performing Services or providing equipment, materials, or other goods, including contractors, suppliers and vendors. (c) To the extent Quicksilver El Paso shall have charge or possession of any of the MLP Assets in connection with the provision of the Services, Quicksilver El Paso shall separately maintain, and not commingle, the MLP Assets with those of Quicksilver El Paso or any other Person.

Reimbursement for Operating and General and Administrative Expenses. (a) Quicksilver El Paso hereby agrees to continue to provide, or cause to be provided, the Partnership Group with general and administrative services, such as legal, accounting, treasury, cash management, insurance administration and claims processing, risk management, health, safety and environmental, information technology, human resources, credit, payroll, internal audit, taxes and engineering, that are substantially identical in nature and quality to the services of such type previously provided by Quicksilver El Paso in connection with its management and operation of the MLP Assets during the two (2) year period prior to the Closing Date (collectively, the “Services”). (b) The Partnership Group hereby agrees to reimburse Quicksilver El Paso for all direct and indirect expenses incurred in conjunction with the performance of the Services, including expenditures it incurs or payments it makes on behalf of the Partnership Group in connection with the business and operations of the Partnership Group, including, but not limited to, (i) salaries of all Quicksilver El Paso personnel performing services on the Partnership Group’s behalf and the cost of employee benefits for such personnel, (ii) public company expenses of the MLP, such as K–1 K—1 preparation, external audit, internal audit, transfer agent and registrar, legal, printing, unitholder reports and other costs and expenses, (iii) general and administrative expenses and expenses, (iv) salaries and benefits of executive management of the General Partner who are employees of QuicksilverEl Paso and (v) any costs and expenses incurred from third parties performing Services or providing equipment, materials, or other goods, including contractors, suppliers and vendors. (c) To the extent Quicksilver El Paso shall have charge or possession of any of the MLP Assets in connection with the provision of the Services, Quicksilver El Paso shall separately maintain, and not commingle, the MLP Assets with those of Quicksilver El Paso or any other Person.