Common use of Eligible expenditure Clause in Contracts

Eligible expenditure. The Recipient must apply the Funding only to the following expenditure (together “Eligible Expenditure”): (a) expenditure that: (i) was incurred by the Recipient for the purpose of the Activities; (ii) was incurred in delivering Milestones due after the Commencement Date; (iii) in ACC’s sole discretion, is not to an unreasonable extent for the benefit of an individual; (iv) meets the following eligibility criteria: • is not lost opportunity costs (that is, expenditure related to foregone production and downtime arising from the allocation of resources to the Activities); and • goods provided and services performed by parties not at "arm's length" must be assessed at reasonable market value and contain no unreasonable overhead and no element of "in group profit"; and (b) overhead and operating expenses of the Recipient that have increased as a direct result of the Activities are Eligible Expenditure, up to a maximum of 10% of the Funding. For the sake of clarity, the Recipient’s usual overheads or operating costs, as they existed immediately prior to the Commencement Date, are not Eligible Expenditure. (c) expenditure that ACC otherwise approves in writing (in its absolute discretion) as Eligible Expenditure for the purposes of this Agreement.

Eligible expenditure. The Recipient must apply the Funding only to the following expenditure (together “Eligible Expenditure”): (a) ): expenditure that: (i) : was incurred by the Recipient for the purpose of the Activities; (ii) ; was incurred in delivering Milestones due after the Commencement Date; (iii) ; is: not expended on the Recipient’s usual overheads or operating costs, as they existed immediately prior to the Commencement Date; and up to 10% of the Funding, in ACCrespect of overheads and operating costs incurred by the Recipient as a result of the Activities, but not including salaries, in MPI’s sole discretion, is not to an unreasonable extent for the benefit of an individual; individual (iv) for example the tuition costs of doctoral candidates), single business, or farming unit; meets the following eligibility criteria: • is not lost opportunity costs (that is, expenditure related to foregone production and downtime arising from the allocation of resources to the Activities); and • goods provided and services performed by parties not at "arm's length" must be assessed at reasonable market value and contain no unreasonable unacceptable overhead and no element of "in group profit"; and (b) overhead and operating expenses of the Recipient Expenditure that have increased as a direct result of the Activities are Eligible Expenditure, up to a maximum of 10% of the Funding. For the sake of clarity, the Recipient’s usual overheads or operating costs, as they existed immediately prior to the Commencement Date, are not Eligible Expenditure. (c) expenditure that ACC MPI otherwise approves in writing (in its absolute discretion) as Eligible Expenditure eligible expenditure for the purposes of this Agreement.