Common use of Non-Eligible Costs Clause in Contracts

Non-Eligible Costs. The Agency considers certain categories of costs as non-eligible. These may include, but are not necessarily restricted to, items such as: (a) the cost of land and goodwill; (b) cost allocation for the use of existing space owned by the Recipient; (c) fixed period costs (for example, recurring costs such as property taxes, rentals and a reasonable provision for depreciation); (d) entertainment expenses (does not include networking receptions) and first-class airfare; (e) insurance, except if the cost is directly related to construction and is capitalized (in accordance with Generally Accepted Accounting Principles or International Financial Reporting Standards) as part of the Project; (f) dues and other membership fees; (g) severance pay, cash-out of unused vacation, bonuses, overtime premium for salaried employees and commissions; (h) interest costs, bond discounts, and other financing costs; and (i) any costs, such as amortization and in-kind, that would not necessitate an expenditure of cash by the Recipient.

Non-Eligible Costs. The Agency considers certain categories of costs as non-eligible. These may include, but are not necessarily restricted to, items such as: (a) the cost of land acquisition and any cost related to goodwill; (b) cost allocation for the use of existing space owned by the Recipient; (c) fixed period costs (for example, recurring costs such as property taxes, rentals and a reasonable provision for depreciation); (d) entertainment expenses (does not include networking receptions) and first-class airfare; (e) insurance, except if the cost is directly related to construction and is capitalized (in accordance with Generally Accepted Accounting Principles or International Financial Reporting Standards) as part of the Project; (f) dues and other membership fees; (g) severance pay, cash-out of unused vacation, bonuses, overtime premium for salaried employees and commissions; (h) refinancing of existing debt, any interest costs, bond discounts, and other financing costs; and (i) any costs, such as amortization costs for the purchase of assets that exceed fair market value of the said assets and in-kind, any costs that would not necessitate an expenditure of cash by the Recipient, such as amortization and in-kind.