Common use of Step-in Costs Clause in Contracts

Step-in Costs. The indemnity provisions of this AGREEMENT shall apply to the exercise of any such Step In Rights, provided that a Party exercising such Step In Rights shall be indemnified by the Party experiencing the Event of Default or Emergency for all reasonably incurred expenses that benefit the Party experiencing the Event of Default or Emergency or its assets, and shall be indemnified and held harmless by the Party experiencing the Event of Default from and against all claims of whatever nature lodged against such Party arising out of or associated with reasonable actions consistent with Good Utility Practice to cure or remedy such Event of Default or Emergency. Those exercising such Step In Rights shall as soon as possible return control of operations of any facilities over which it has assumed control or operation to the Party experiencing the Event of Default. The Party exercising such Step In Rights shall maintain and produce records of costs incurred to attempt to remedy or cure the Event of Default or Emergency, and the Party experiencing the Event of Default shall reimburse such reasonable and documented expenses incurred by the other Party.

Step-in Costs. The indemnity provisions of this AGREEMENT Agreement shall apply to the exercise of any such Step In Step-in Rights, provided that a Party exercising such Step In Rights shall be indemnified by the Party experiencing the Event of Default or Emergency for all reasonably incurred expenses that benefit the Party experiencing the Event of Default or Emergency or its assets, and shall be indemnified and held harmless by the Party experiencing the Event of Default from and against all claims of whatever nature lodged against such Party arising out of or associated with reasonable actions consistent with Good Utility Practice to cure or remedy such Event of Default or Emergency. Those exercising such Step In in Rights shall as soon as possible return control of operations of any facilities over which it has assumed control or operation to the Party experiencing the Event of Default. The Party exercising such Step In in Rights shall maintain and produce records of costs incurred to attempt to remedy or cure the Event of Default or Emergency, and the Party experiencing the Event of Default shall reimburse such reasonable and documented expenses incurred by the other Party.

Step-in Costs. The indemnity provisions of this AGREEMENT Agreement shall apply to the exercise of any such Step In in Rights, provided that a Party exercising such Step In in Rights shall be indemnified by the Party experiencing the Event of Default or Emergency for all reasonably incurred expenses that benefit the Party experiencing the Event of Default or Emergency or its assets, and shall be indemnified and held harmless by the Party experiencing the Event of Default from and against all claims of whatever nature lodged against such Party arising out of or associated with reasonable actions consistent with Good Utility Practice to cure or remedy such Event of Default or Emergency. Those exercising such Step In in Rights shall as soon as possible return control of operations of any facilities over which it has assumed control or operation to the Party experiencing the Event of Default. The Party exercising such Step In in Rights shall maintain and produce records of costs incurred to attempt to remedy or cure the Event of Default or Emergency, and the Party experiencing the Event of Default shall reimburse such reasonable and documented expenses incurred by the other Party.