Disallowable Cost definition

Disallowable Cost means a cost incurred by the Contractor which is determined to be Disallowable in accordance with the criteria in Part 6 of the Finance Schedule (Costs Principles and Procedure) and/or otherwise specified to be a Disallowable Cost in the this Contract and “Disallowable” shall construed accordingly;
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Disallowable Cost has the meaning given in Paragraph 4 (Disallowable Costs) Part 2A (Allowable and Disallowable Costs) of Schedule 6 (Finance) and "Disallowable" shall be construed accordingly;
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Examples of Disallowable Cost in a sentence

  • The indemnity given under Clause 7.2.8 above (Disallowable Cost and Year End Sum Indemnity) is not limited.

  • Any such compensation shall be a Disallowable Cost pursuant to pursuant to Appendix 1 (Disallowable Costs) to Schedule 8.1A (Franchise Payments).

  • Should the Contractor become aware that it has drawn down funds from the OPG Payments Account in respect of payments which relate to a Disallowable Cost, it shall use its best endeavours to procure that within thirty (30) Calendar Days of such drawdown the Parent Body Organisation pays a sum equal to the amount of such drawn down funds to the Authority.

Related to Disallowable Cost

  • Allowable cost means a cost that complies with all legal requirements that apply to a particular federal education program, including statutes, regulations, guidance, applications, and approved grant awards.

  • Allowable Costs means the costs defined as allowable in 42 CFR, Chapter IV, Part 413, as amended to October 1, 2007, except for the purposes of calculating direct medical education costs, where only the reported costs of the interns and residents are allowed. Further, costs are allowable only to the extent that they relate to patient care; are reasonable, ordinary, and necessary; and are not in excess of what a prudent and cost-conscious buyer would pay for the given service or item.

  • Maximum allowable cost means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a drug.

  • Maximum allowable cost list means a list of drugs for

  • Allowable Expense means a necessary, reasonable and customary item of expense for health care, which is: