Common use of Losses and Cost Overruns; No Improper Payments Clause in Contracts

Losses and Cost Overruns; No Improper Payments. No Government Contract has incurred or currently projects losses or cost overruns in an amount exceeding fifty thousand dollars ($50,000). No payment has been made by Seller, or by a Person acting on Seller’s behalf, to any Person (other than to any bona fide employee or agent of Seller, as defined in subpart 3.4 of the FAR) which is or was improperly contingent upon the award of any Government Contract or which would otherwise be in violation of any applicable procurement law or regulation or any other applicable laws.

Losses and Cost Overruns; No Improper Payments. No Government Contract has incurred or currently projects losses or cost overruns in an amount exceeding fifty thousand dollars ($50,000). No payment has been made by Seller, or by a Person acting on Seller’s behalf, to any Person (other than to any bona fide employee or agent of Seller, as defined in subpart 3.4 of the FAR) ), which is or was improperly contingent upon the award of any Government Contract or which would otherwise be in violation of any applicable procurement law or regulation or any other applicable laws.

Losses and Cost Overruns; No Improper Payments. No Current Government Contract has incurred or currently projects losses or cost overruns in an amount exceeding fifty thousand Fifty Thousand dollars ($50,000). No payment has been made by Seller, Company or by a Person acting on SellerCompany’s behalf, to any Person (other than to any bona fide employee or agent of SellerCompany, as defined in subpart 3.4 of the FARFederal Acquisition Regulation) which is or was improperly contingent upon the award of any Government Contract or which would otherwise be in violation of any applicable procurement law or regulation or any other applicable lawsLaws.

Losses and Cost Overruns; No Improper Payments. No Government Contract has incurred or currently projects losses or cost overruns in an amount exceeding fifty thousand dollars ($50,000). No payment has been made by Seller, or by a Person acting on Seller’s 's behalf, to any Person (other than to any bona fide employee or agent of Seller, as defined in subpart 3.4 of the FAR) which is or was improperly contingent upon the award of any Government Contract or which would otherwise be in violation of any applicable procurement law or regulation or any other applicable laws.