Final Indirect Cost Rates Sample Clauses

Final Indirect Cost Rates. (1) Final annual indirect cost in estimated amounts when the exact amounts are not known; rates and the appropriate bases shall be established in accordance (B) Claims (including reasonable incidental with Subpart 42.7 of the Federal Acquisition Regulation (FAR) in expenses) based upon liabilities of the Seller to third parties arising effect for the period covered by the indirect cost rate proposal. out of the performance of this subcontract; provided, that the claims (2) The Seller shall, within 90 days after the expiration of are not known to the Seller on the date of the execution of the each of its fiscal years, or by a later date approved by the release, and that the Seller gives notice of the claims in writing to Company, submit to the Company (or, if applicable, to the the Company within six years following the release date or notice cognizant Contracting Officer responsible for negotiating its final of final payment date, whichever is earlier; and indirect cost rates and, if required by agency procedures, to the (C) Claims for reimbursement of costs, including cognizant audit activity) proposed final indirect cost rates for that reasonable incidental expenses, incurred by the Seller under the period and supporting cost data specifying the contract and/or patent clauses of this subcontract, excluding, however, any subcontract to which the rates apply. The proposed rates shall be expenses arising from the Seller's indemnification of the Company based on the Seller's actual cost experience for that period. The and the Government against patent liability. Company (or the appropriate Government representative) and the
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Final Indirect Cost Rates. (1) Final annual indirect cost (A) Specified claims stated in exact amounts, or rates and the appropriate bases shall be established in accordance in estimated amounts when the exact amounts are not known; with Subpart 42.7 of the Federal Acquisition Regulation (FAR) in (B) Claims (including reasonable incidental effect for the period covered by the indirect cost rate proposal. expenses) based upon liabilities of the Seller to third parties arising (2) The Seller shall, within 90 days after the expiration of out of the performance of this subcontract; provided, that the claims each of its fiscal years, or by a later date approved by the are not known to the Seller on the date of the execution of the Company, submit to the Company (or, if applicable, to the release, and that the Seller gives notice of the claims in writing to cognizant Contracting Officer responsible for negotiating its final the Company within six years following the release date or notice indirect cost rates and, if required by agency procedures, to the of final payment date, whichever is earlier; and
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Final Indirect Cost Rates. Buyer shall reimburse Seller on the basis of final annual indirect cost rates and the appropriate bases established by Seller and approved by ▇▇▇▇▇ and/or the Government in effect for the period covered by the indirect cost rate proposal. Such rates and bases shall not change any monetary ceiling, contract obligation, or specific cost allowance or disallowance provided for in the Subcontract. The rates and bases shall be deemed incorporated into the Subcontract upon execution.
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Final Indirect Cost Rates a. If the Subcontractor has a Cognizant Federal Agency, the Subcontractor shall annually submit an adequate final indirect cost rate proposal to the Subcontractor’s CFAO in accordance with FAR 52.216-7. The Subcontractor shall, upon request, provide evidence to ATI of submission to its CFAO. b. If the Subcontractor does not have a CFAO or any other requirement to submit a final indirect cost rate proposal in accordance with FAR 52.216-7, the Subcontractor shall annually prepare a final indirect cost rate proposal in the format provided by the Incurred Cost Electronically (ICE) Model available at the following the website: ▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇/Home/ICEmodel?title=ICE%20(Incurred%20Cost%20Electronicall y)%20Model, hire an independent certified public accountant (CPA) to audit the final indirect cost rate proposal, and provide the audit results to ATI upon request. c. The Subcontractor shall true up its ▇▇▇▇▇▇▇▇ to ATI using the final indirect cost rates established in Sections 2.a. or 2.b. of this clause. 1) If the Subcontractor elects Section 2.b., the Subcontractor shall certify as follows with the true up invoice: 2) Contractor may, at its own expense, retain an independent CPA firm to inspect the Subcontractor’s final indirect cost rate audit report and verify the clerical accuracy of the true up amount. d. Contractor reserves the right to withhold up to 10% of the Subcontractor’s billed indirect costs or $50,000, whichever is less, from the Subcontractor’s last invoice until the requirements of this clause are satisfied.
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Final Indirect Cost Rates. Cost Reimbursement. This section is applicable only to the extent that a Subcontract is of a cost reimbursement type. Buyer shall reimburse Seller on the basis of final annual indirect cost rates and the appropriate bases established by Seller and the Government in effect for the period covered by the indirect cost rate proposal. Such rates and bases shall not change any monetary ceiling, funding amount, contract obligation, or specific cost allowance or disallowance provided for in this Subcontract. The rates and bases shall be automatically deemed incorporated into this Subcontract upon their effective dates.
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Related to Final Indirect Cost Rates

  • Indirect Cost Rates The System Agency may acknowledge an indirect cost rate for Grantees that is utilized for all applicable Grant Agreements. For subrecipients receiving federal funds, indirect cost rates will be determined in accordance with applicable law including, but not limited to, 2 CFR 200.414(f). For recipients receiving state funds, indirect costs will be determined in accordance with applicable law including, but not limited to, TxGMS. Grantees funded with blended federal and state funding will be subject to both state and federal requirements when determining indirect costs. In the event of a conflict between TxGMS and applicable federal law or regulation, the provisions of federal law or regulation will apply. Grantee will provide any necessary financial documents to determine the indirect cost rate in accordance with the Uniform Grant Guidance (UGG) and TxGMS.

  • Indirect Costs If indirect costs are charged, the Subrecipient will develop an indirect cost allocation plan for determining the appropriate Grantee share of administrative costs and shall submit such plan to the Grantee for approval.

  • Direct Costs The Contractor shall separately identify each item of deleted and added work associated with the change or other condition giving rise to entitlement to an equitable adjustment, including increases or decreases to unchanged work impacted by the change. For each item of work so identified, the Contractor shall propose for itself and, if applicable, its first two tiers of subcontractors, the following direct costs: (1) Material cost broken down by trade, supplier, material description, quantity of material units, and unit cost (including all manufacturing burden associated with material fabrication and cost of delivery to site, unless separately itemized); (2) Labor cost broken down by trade, employer, occupation, quantity of labor hours, and burdened hourly labor rate, together with itemization of applied labor burdens (exclusive of employer’s overhead, profit, and any labor cost burdens carried in employer’s overhead rate); (3) Cost of equipment required to perform the work, identified with material to be placed or operation to be performed; (4) Cost of preparation and/or revision to shop drawings and other submittals with detail set forth in paragraphs (e)(1) and (e)(2) of this clause; (5) Delivery costs, if not included in material unit costs; (6) Time-related costs not separately identified as direct costs, and not included in the Contractor’s or subcontractors’ overhead rates, as specified in paragraph

  • Royalty Rates As further consideration for the rights granted to AbbVie hereunder, subject to Section 6.7.3, commencing upon the First Commercial Sale of a Licensed Product in the Territory, on a Licensed Product-by-Licensed Product basis, AbbVie shall pay to Licensor a royalty on Net Sales of each Licensed Product (whether or not an Initial Licensed Product or a Follow-On Product) in the Territory (excluding Net Sales of each Licensed Product in any country or other jurisdiction in the Territory for which the Royalty Term for such Licensed Product in such country or other jurisdiction has expired) during each Calendar Year at the following rates: [ ] = Certain confidential information contained in this document, marked by brackets, is filed with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended. Net Sales in the Territory of each Licensed Product containing the same Licensed Compound in a Calendar Year Royalty Rate For that portion of aggregate Net Sales of each Licensed Product containing the same Licensed Compound in the Territory during a Calendar Year equal to or less than [*] [*] For that portion of aggregate Net Sales of each Licensed Product containing the same Licensed Compound in the Territory during a Calendar Year greater than [*] but equal to or less than [*] [*] For that portion of aggregate Net Sales of each Licensed Product containing the same Licensed Compound in the Territory during a Calendar Year greater than [*] [*] The royalty tiers set forth in the table above shall only aggregate Licensed Products that contain the same Licensed Compounds. For example, if Net Sales for all Licensed Products containing the same Licensed Compound in the Territory during a Calendar Year are [*], and Net Sales for all Licensed Products containing a different Licensed Compound in the Territory during such Calendar Year are [*], then all such Net Sales for both sets of Licensed Products during such Calendar Year shall bear a royalty rate of [*]. With respect to each Licensed Product in each country or other jurisdiction in the Territory, from and after the expiration of the Royalty Term for such Licensed Product in such country or other jurisdiction, Net Sales of such Licensed Product in such country or other jurisdiction shall be excluded for purposes of calculating the Net Sales thresholds and ceilings set forth in this Section 6.7.1.

  • Interest Rates and Letter of Credit Fee Rates Payments and Calculations (a) Interest Rates. Except as provided in Section 2.13(c) and Section 2.15(a), all Obligations (except for the undrawn portion of the face amount of Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal to the lesser of (i) the LIBOR Rate plus the Applicable Margin, or (ii) the maximum rate of interest allowed by applicable laws; provided, that following notice to Borrower in accordance with Section 2.15(a) hereof, all Obligations that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal, during the duration of the circumstances described in Section 2.15(a), to the lesser of (A) the Base Rate plus the Applicable Margin as calculated pursuant to Section 2.15(a) or (B) the maximum rate of interest allowable by applicable laws.