Common use of Eligible expenditure Clause in Contracts

Eligible expenditure. 5.1 Expenditure incurred in the Project Account will be limited to Eligible Expenditure. The categories of Eligible Expenditure shall be those set out in the Financial Model (as detailed in Annex 1 to this Schedule 6). 5.2 For the avoidance of doubt, the following cost items do not constitute Eligible Expenditure: 5.2.1 recoverable VAT; 5.2.2 Corporation Tax; and 5.2.3 any sum expressed in this Agreement to be "payable by" the Operator, or at "the Operator's cost" or "at no additional charge to the Authority/Authorised User" or other similar expression. For example any sums payable by the Operator under any indemnity in this Agreement shall not be reclaimable as Eligible Expenditure.

Eligible expenditure. 5.1 Expenditure incurred in the Project Account will be limited to Eligible Expenditure. The categories of Eligible Expenditure shall be those set out in the agreed Financial Model (as detailed in per Annex 1 to this Schedule 6). 5.2 For the avoidance of doubt, the following cost items do not constitute Eligible Expenditure: 5.2.1 recoverable VAT; 5.2.2 Corporation Tax; and 5.2.3 any sum expressed in this Agreement to be "payable by" the Operator, or at "the Operator's cost" or "at no additional charge to the Authority/Authorised User" or other similar expression. For example any sums payable by the Operator under any indemnity in this Agreement shall not be reclaimable as Eligible Expenditure.