Common use of Government Contract Audits Clause in Contracts

Government Contract Audits. Promptly after Borrower’s receipt thereof, Borrower shall furnish Bank with notice of any final decision of a contracting officer disallowing costs aggregating more than $100,000 which disallowed costs arise out of any audit of Government Contracts of Borrower.

Appears in 4 contracts

Samples: Loan and Security Agreement (Halifax Corp), Loan and Security Agreement (Halifax Corp), Loan and Security Agreement (Halifax Corp)

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Government Contract Audits. Promptly after any Borrower’s receipt thereof, Borrower shall furnish Bank with notice of any final decision of a contracting officer disallowing costs aggregating more than $100,000 250,000, which disallowed costs arise out of any audit of Government Contracts of any Borrower.;

Appears in 4 contracts

Samples: Loan and Security Agreement (Global Defense Technology & Systems, Inc.), Loan and Security Agreement (Global Defense Technology & Systems, Inc.), Loan and Security Agreement (Global Defense Technology & Systems, Inc.)

Government Contract Audits. Promptly after any Borrower’s 's receipt thereof, Borrower shall furnish Bank with notice of any final decision of a contracting officer disallowing costs aggregating more than One Hundred Thousand Dollars ($100,000 100,000), which disallowed costs arise arising out of any audit of Government Contracts of such Borrower's contract with a Governmental Authority.

Appears in 2 contracts

Samples: Business Loan and Security Agreement (Vse Corp), Business Loan and Security Agreement (Vse Corp)

Government Contract Audits. Promptly after Borrower’s receipt by Borrower or any Subsidiary thereof, Borrower shall furnish Bank with notice of any final decision of a contracting officer disallowing costs aggregating more than $100,000 50,000, which disallowed costs arise out of any audit of Government Contracts of BorrowerBorrower or any Subsidiary.

Appears in 2 contracts

Samples: Loan and Security Agreement (Widepoint Corp), Loan and Security Agreement (Widepoint Corp)

Government Contract Audits. Promptly after the Borrower’s 's receipt -------------------------- thereof, Borrower shall furnish Bank with notice of any final decision of a contracting officer disallowing costs aggregating more than $100,000 25,000.00, which disallowed costs arise out of any audit of Government Contracts of the Borrower.'s contracts with the Government;

Appears in 1 contract

Samples: Loan Agreement (Template Software Inc)

Government Contract Audits. Promptly after any Borrower’s receipt thereof, Borrower shall furnish Bank with notice of any final decision of a contracting officer disallowing costs aggregating more than $100,000 250,000, which disallowed costs arise out of any audit of Government Contracts of Borrower.any Borrower or would otherwise reasonably be expected to have a Material Adverse Effect;

Appears in 1 contract

Samples: Loan and Security Agreement (NCI, Inc.)

Government Contract Audits. Promptly after a Borrower’s 's receipt thereof, Borrower shall furnish Bank with ; notice of any final decision of a contracting officer disallowing costs aggregating more than $100,000 500,000.00, which disallowed costs arise out of any audit of Government Contracts of Borrower.such Borrowers contracts with the Government;

Appears in 1 contract

Samples: Loan and Security Agreement (Spacehab Inc \Wa\)

Government Contract Audits. Promptly after Borrower’s 's receipt thereof, Borrower shall furnish Bank with notice of any final decision of a contracting officer disallowing costs aggregating more than $100,000 which disallowed costs arise out of any audit of Government Contracts of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Halifax Corp)

Government Contract Audits. Promptly after the Borrower’s 's receipt thereof, Borrower shall furnish Bank with notice of any final decision of a contracting officer disallowing costs aggregating more than Fifty Thousand and 00/100 Dollars ($100,000 50,000.00) which disallowed costs arise out of any audit of Government Contracts of the Borrower.'s contracts with the Government;

Appears in 1 contract

Samples: Loan and Security Agreement (Dunn Computer Corp)

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Government Contract Audits. Promptly after a Borrower’s 's receipt thereof, Borrower shall furnish Bank with notice of any final decision of a contracting officer disallowing costs aggregating more than $100,000 which disallowed costs arise out of any audit of Government Contracts of Borrower.100,000;

Appears in 1 contract

Samples: Loan and Security Agreement (Halifax Corp)

Government Contract Audits. Promptly after the Borrower’s 's receipt thereof, Borrower shall furnish Bank with notice of any final decision of a contracting officer disallowing costs aggregating more than $100,000 25,000.00, which disallowed costs arise out of any audit of Government Contracts of the Borrower.'s contracts with the Government;

Appears in 1 contract

Samples: Loan and Security Agreement (Template Software Inc)

Government Contract Audits. Promptly after any Borrower’s receipt thereof, Borrower shall furnish Bank with notice of any final decision of a contracting officer disallowing costs aggregating more than $100,000 250,000, which disallowed costs arise out of any audit of Government Contracts of Borrower.any Borrower or could otherwise reasonably be expected to have a Material Adverse Effect;

Appears in 1 contract

Samples: Loan and Security Agreement (NCI, Inc.)

Government Contract Audits. Promptly after any Borrower’s receipt thereof, Borrower shall furnish Bank with notice of any final decision of a contracting officer disallowing costs aggregating more than One Hundred Thousand Dollars ($100,000 100,000), which disallowed costs arise arising out of any audit of Government Contracts of such Borrower’s contract with a Governmental Authority.

Appears in 1 contract

Samples: Business Loan and Security Agreement (Vse Corp)

Government Contract Audits. Promptly after any Borrower’s receipt thereof, Borrower shall furnish Bank with notice of any final decision of a contracting officer disallowing costs aggregating more than $100,000 100,000, which disallowed costs arise out of any audit of Government Contracts of any Borrower.;

Appears in 1 contract

Samples: Loan and Security Agreement (NCI, Inc.)

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