Common use of Services Performed By One Clause in Contracts

Services Performed By One. Company For the Benefit of Other Companies. Certain services are performed by one Company ("Performing Company") for itself and for other Companies ("Benefiting Company"). These costs are not always directly traceable to each Benefiting Company; or such tracing cannot be economically or practically accomplished; or the value of such goods and services are not sufficiently substantial, as a portion of Performing Company's total expenditure for such goods and services, as to be separately calculated. Therefore, each Benefiting Company agrees that it shall reimburse Performing Company for aggregate categories of such goods and services at the rates and using the methods specified for each category in the attached Exhibit "A", as amended from time to time, which is incorporated herein and made part of this Agreement. The Companies have determined that the method and rate for each category most accurately reflect the amount of services devoted by Performing Company to each Benefiting Company. Methods and rates shall be calculated as of the effective date of this agreement and recalculated each January 1st for the upcoming year, or more frequently if a material change occurs. Performing Companies and the services currently provided by them are described in a note to Exhibit A and may be changed from time to time by a change to the note. Pursuant to Recital G, above, WFS shall reimburse other Companies for, or shall be directly responsible for, all service costs incurred by a Company on behalf of WWI for the benefit of WFS.

Appears in 2 contracts

Samples: Allocation Agreement (Westcorp /Ca/), Allocation Agreement (WFS Financial Inc)

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Services Performed By One. Company For the Benefit of Other Companies. Certain services are performed by one Company ("Performing Company") for itself and for other Companies ("Benefiting Company"). These costs are not always directly traceable to each Benefiting Company; or such tracing cannot be economically or practically accomplished; or the value of such goods and services are not sufficiently substantial, as a portion of Performing Company's total expenditure for such goods and services, as to be separately calculated. Therefore, each Benefiting Company agrees that it shall reimburse Performing Company for aggregate categories of such goods and services at the rates and using the methods specified for each category in the attached Exhibit "A", as amended from time to time, which is incorporated herein and made part of this Agreement. The Companies have determined that the method and rate for each category most accurately reflect the amount of services devoted by Performing Company to each Benefiting Company. Methods and rates shall be calculated as of the effective date of this agreement and recalculated each January 1st for the upcoming year, or more frequently if a material change occurs. Performing Companies and the services currently provided by them are described in a note set out below. An amendment to Exhibit A and may be changed from time "A" is sufficient to time by a change to the note. Pursuant to Recital G, above, WFS shall reimburse other Companies for, or shall be directly responsible for, all service costs incurred by a Company on behalf of WWI for the benefit of WFSamend this list.

Appears in 1 contract

Samples: Allocation Agreement (WFS Financial Inc)

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Services Performed By One. Company For the Benefit of Other Companies. Certain services are performed by one Company ("Performing Company") for itself and for other Companies ("Benefiting Company"). These costs are not always directly traceable to each Benefiting Company; or such tracing cannot be economically or practically accomplished; or the value of such goods and services are not sufficiently substantial, as a portion of Performing Company's total expenditure for such goods and services, as to be separately calculated. Therefore, each Benefiting Company agrees that it shall reimburse Performing Company for aggregate categories of such goods and services at the rates and using the methods specified for each category in the attached Exhibit "A", as amended from time to time, which is incorporated herein and made part of this Agreement. The Companies have determined that the method and rate for each category most accurately reflect the amount of services devoted by Performing Company to each Benefiting Company. Methods and rates shall be calculated as of the effective date of this agreement and recalculated each January 1st for the upcoming year, or more frequently if a material change occurs. Performing Companies and the services currently provided by them are described in a note to Exhibit A and may be changed from time to time by a change to the note. Pursuant to Recital G, above, WFS shall reimburse other Companies for, or shall be directly responsible for, all service costs incurred by a Company on behalf of WWI for the benefit of WFS.

Appears in 1 contract

Samples: Allocation Agreement (Westcorp /Ca/)

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