Common use of Determination of Allowable Costs Clause in Contracts

Determination of Allowable Costs. All determinations of the Company's allocable share of (i) employee salaries, other benefits and annual payroll overhead burden relating to the Employee Transition Services (ii) insurance premiums and other costs relating to the Transition Insurance; (iii) Health and Welfare Program and retirement program administrative fees, employer premiums, employee premiums, claims, losses and other related costs; and (iv) all other direct and indirect costs incurred by Ski Holdings in rendering the Transition Services will be made by Ski Holdings exclusively and will be conclusive and binding upon the Company in the absence of manifest error.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Booth Creek Ski Holdings Inc), Asset Purchase Agreement (Booth Creek Ski Holdings Inc)