Eligible indirect costs definition

Eligible indirect costs means, except as provided in the last sentence of this definition, the sum of all other incurred capitalized costs (in amounts no higher than those prevailing in the locality of the project) necessary for the construction of a capital improvement. Eligible indirect costs may include, without limitation, the costs of (if capitalized in accordance with GAAP and in amounts no higher than those prevailing in the locality of the project): architectural and engineering fees for plans, plan checks; surveys to
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Eligible indirect costs means, for each Mortgaged Property, the lesser of (i) the Indirect Costs with respect to such Mortgaged Property, and (ii) the amount budgeted, in the aggregate, for Indirect Costs as shown on the Budget for such Mortgaged Property (including any contingency for Indirect Costs shown on such Budget).
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Eligible indirect costs means, except as provided in the last sentence of this definition, the sum of all other incurred capitalized costs (in amounts no higher than those prevailing in the locality of the project) necessary for the construction of a capital improvement. Eligible indirect costs may include, without limitation, the costs of (if capitalized in accordance with GAAP and in amounts no higher than those prevailing in the locality of the project): architectural and engineering fees for plans, plan checks; surveys to establish building lines and grades; environmental studies; if the project is financed, the points, fees or service charges and interest on construction loans; all risk insurance expenses and ad valorem taxes during construction. The actual capitalized administrative expenses (in amounts no higher than those prevailing in the locality of the project) of the Concessioner for direct, on-site construction inspection are eligible indirect costs. Other administrative expenses of the Concessioner are not eligible indirect costs.
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Examples of Eligible indirect costs in a sentence

  • Eligible indirect costs (overheads) The indirect costs incurred in carrying out the action may be eligible for flat-rate funding fixed at not more than 7% of the total eligible direct costs.

  • Eligible indirect costs (overheads) The indirect costs incurred in carrying out the project may be eligible for flat-rate funding fixed at not more than 10% of the total eligible direct costs.

  • Eligible indirect costs may include, without limitation, the costs of (if cap- italized in accordance with GAAP and in amounts no higher than those pre- vailing in the locality of the project): architectural and engineering fees for plans, plan checks; surveys to establish building lines and grades; environ- mental studies; if the project is fi- nanced, the points, fees or service charges and interest on construction loans; all risk insurance expenses and ad valorem taxes during construction.

  • Eligible indirect costs (overheads)- a flat-rate amount, equal to 7% of the eligible direct costs of the action, is eligible under indirect costs, representing the beneficiary's general administrative costs which can be regarded as chargeable to the action.Indirect costs may not include costs entered under another budget heading.Applicants’s attention is drawn to the fact that in the case of organisations receiving an operating grant, indirect costs are no longer eligible under specific actions.

  • Eligible indirect costs (overheads) The indirect costs incurred in carrying out the action may be eligible for flat-rate funding fixed at not more than 7% of the estimated total eligible direct costs.

  • Eligible indirect costs must be declared on the basis of a flat rate of up to 7 % of the total eligible direct costs.

  • Where the applicant is a newly incorporated Cook Islands company and a certified balance sheet is not available, the application shall include a pro forma balance sheet certified by an appropriate official of the applicant.28.

  • The budget may include a contingency reserve not exceeding 5 % of the estimated direct eligible costs. Eligible indirect costs.

  • Eligible indirect costs (overheads) See 'Eligible indirect costs (overheads)' in Part A, Section 11.2.A.  Ineligible costs See 'Ineligible costs' in Part A, Section 11.2.A. In addition, any costs incurred by the beneficiary but re-invoiced to third parties are ineligible.

  • Eligible indirect costs (administrative costs); - a flat-rate amount, not exceeding 7% of the eligible direct costs of the action, is eligible under indirect costs, representing the benficiary’s general administrative costs which can be regarded as chargeable to the action/project.

Related to Eligible indirect costs

  • Indirect Costs has the same meaning as in 44 Ill. Admin. Code 7000.

  • Eligible Individual means any person who is an Employee, a Consultant or a Non-Employee Director, as determined by the Administrator.

  • Eligible adult means any of the following:

  • Eligible revenue means the property tax increment and any

  • Eligible Person means individuals, corporations, trusts, the estates of deceased individuals, partnerships and unincorporated associations of persons;

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Ineligible Person shall include an individual or entity who: i. is currently excluded, debarred, suspended, or otherwise ineligible to participate in the Federal health care programs or in Federal procurement or nonprocurement programs; or ii. has been convicted of a criminal offense that falls within the scope of 42 U.S.C. § 1320a-7(a), but has not yet been excluded, debarred, suspended, or otherwise declared ineligible.

  • Eligible Liabilities and “Special Deposits” have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • Eligible Recipient means an employee, director or independent contractor of the Company or any Affiliate of the Company who has been selected as an eligible participant by the Administrator; provided, however, to the extent required to avoid accelerated taxation and/or tax penalties under Section 409A of the Code, an Eligible Recipient of an Option or a Stock Appreciation Right means an employee, non-employee director or independent contractor of the Company or any Affiliate of the Company with respect to whom the Company is an “eligible issuer of service recipient stock” within the meaning of Section 409A of the Code.