Ineligible Costs. For greater certainty, any costs that do not qualify as Eligible and Supported Costs in accordance with section 1.0 of this Annex, shall be ineligible for inclusion in the Eligible Costs. By way of example only, ineligible costs include, but are not limited to, the following: (a) costs of land, building or vehicle purchase; (b) refinancing; (c) costs of intangible assets such as goodwill, whether capitalized or expensed; (d) depreciation or amortization expenses; (e) interest on invested capital, bonds, debentures, or mortgages; (f) bond discount; (g) losses on investments, bad debts and any other debts; (h) fines or penalties; (i) costs related to litigation; (j) non-incremental wages; (k) fees for administrators, including payments to any member or officer of the Recipient’s Board of Directors; (l) opportunity costs; (m) hospitality and entertainment costs; (n) costs of individual membership in a professional body (e.g. professional designations); and (o) lobbyist fees.
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Samples: Contribution Agreement, Contribution Agreement, Contribution Agreement