Common use of ALLOWABLE COST AND PAYMENT Clause in Contracts

ALLOWABLE COST AND PAYMENT. (a) (1) Company shall make payments monthly to Seller when requested as work progresses, in amounts determined to be allowable by the Company in accordance with this Agreement and FAR Subpart 31.3 for Educational Institutions, Subpart 31.6 for state and local governments, Subpart 31.7 for nonprofit organizations, or Subpart 31.2 for all others as supplemented by DEAR Part 931 in effect on the date of this Agreement.

ALLOWABLE COST AND PAYMENT. (a) (1) Company shall make payments monthly to Seller when requested as work progressesprogresses monthly, or at more frequent intervals as determined by Company, in amounts determined to be allowable by the Company in accordance with this Agreement and FAR Subpart 31.3 for Educational Institutions, Subpart 31.6 for state and local governments, Subpart 31.7 for nonprofit organizations, or Subpart 31.2 for all others as supplemented by DEAR Part 931 in effect on the date of this Agreement.