Examples of Agreed Costs in a sentence
For the sake of greater clarity and without limiting the previous sentence, Transportation and Direct Costs includes all actual direct and indirect third party expenses and/or Agreed Costs associated with the settlement or discharge of crude oil contracts for physical delivery where such physical contracts arise as a necessary and direct consequence of a Crude Oil Lot, including but not limited to exchange for difference contracts, location exchange contracts, and WTS-WTI buy-sell contracts.
In the event that the Subleased Premises Agreed Costs exceed $10,785,720.00 (the “Allowance”), any such excess being referred to herein as “Subleased Premises Excess Costs”, then Subtenant shall, within twenty (20) days after receipt of the Subleased Premises Final Reconciliation and one or more reasonably detailed invoice(s) with reasonably detailed supporting documentation, pay Sublandlord (or Overlandlord, if directed by Sublandlord) for such Subleased Premises Excess Costs.
Sublandlord shall cause Overlandlord to use good faith efforts to prepare and submit to Subtenant a final reconciliation within sixty (60) days after final completion of the Subleased Premises Work, including all SP Punchlist Items, in sufficient detail to determine actual Subleased Premises Total Costs and actual Subleased Premises Agreed Costs (such reconciliation being referred to herein as the “Subleased Premises Final Reconciliation”).
Notwithstanding to the contrary set forth herein, the SP Contingency shall be included in Subleased Premises Agreed Costs only to the extent used by Overlandlord for SP Contingency Costs.
Therefore the Parties agree for the purpose of this Clause 6.14 that the Agreed Costs and Agreed Savings are liquidated sums set out in Schedule 16.