Common use of WMATA Reimbursable Costs Clause in Contracts

WMATA Reimbursable Costs. The Developer will be solely responsible for reimbursing WMATA for WMATA Reimbursable Costs up to $10 million. The Parties will share equally in the next $10 million of aggregate WMATA Reimbursable Costs, with the Department reimbursing the Developer for its allocable share of any such costs incurred. In the event WMATA Reimbursable Costs are greater than $20 million, the Department will be solely responsible for reimbursing WMATA for amounts in excess of $20 million (or reimbursing the Developer if the Developer paid WMATA any of such excess amounts).

WMATA Reimbursable Costs. The Developer will be solely responsible for reimbursing WMATA for WMATA Reimbursable Costs up to $10 million. The Parties will share equally in In the next event WMATA Reimbursable Costs exceed $10 million but are less than $20 million, the Parties will bear the risk of aggregate WMATA Reimbursable Costssuch costs equally, with the Department reimbursing the Developer for its allocable share of any such costs incurred. In the event WMATA Reimbursable Costs are greater than $20 million, the Department will be solely responsible for reimbursing WMATA for amounts in excess of exceeding $20 million (or reimbursing the Developer if the Developer paid WMATA any of such excess amounts).