Individual ACE Allocation Sample Clauses

The Individual ACE Allocation clause defines how specific Allowable Cost Exceedances (ACEs) are assigned to individual parties or projects within an agreement. In practice, this clause outlines the method for determining which party is responsible for costs that exceed agreed-upon thresholds, often by specifying allocation formulas or identifying particular cost categories. Its core function is to ensure that any excess costs are distributed fairly and transparently, thereby reducing disputes and clarifying financial responsibilities among the involved parties.