Common use of Time and Material Charges Clause in Contracts

Time and Material Charges. All time and material charges, if applicable, shall be calculated in accordance with Exhibit E-1 hereto. Where insofar in this regard it becomes necessary to calculate "costs," costs shall be limited to reasonable, out of pocket, and documented costs actually incurred, and only insofar as the costs exceed the cost that would have had to been incurred by Orbital in any event without additional charge.

Time and Material Charges. All time and material charges, if applicable, shall be calculated in accordance with Exhibit E-1 hereto. Where insofar in this regard it becomes necessary to calculate "costs," costs shall be limited to reasonable, out of third party out-of-pocket, and documented costs actually incurred, and only insofar as the costs exceed the cost that would have had to been incurred by Orbital OHB in any event without additional charge.