CONTRACT COST PRINCIPLES AND PROCEDURES. Seller agrees that to the extent applicable, costs allocated to this contract shall be in full compliance with Subpart 31.2 of FAR (Subpart 31.3 for Educational Institutions) and the applicable agency supplements thereto, if any, set forth in Part II hereof. In the event such compliance is not maintained, Seller agrees to compensate Buyer to the full extent of any prices or costs, including any penalties or interest, which are determined by Buyer's customer to be unallowable or unreasonable or not allocable, under Buyer's contract with its customer.
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Samples: Subcontract Agreement (Combinatorx, Inc), Subcontract Agreement (Nanosys Inc)
CONTRACT COST PRINCIPLES AND PROCEDURES. Seller agrees that to the extent applicable, costs allocated to this contract shall be in full compliance with Subpart 31.2 of FAR (Subpart 31.3 for Educational Institutions) and the applicable agency supplements thereto, if any, set forth in Part II hereof. In the event such compliance is not maintained, Seller agrees to compensate Buyer to the full extent of any prices or costs, including any penalties or interest, which are determined by Buyer's ’s customer to be unallowable or unreasonable or not allocable, under Buyer's ’s contract with its customer.
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CONTRACT COST PRINCIPLES AND PROCEDURES. Seller agrees that to the extent applicable, costs allocated to this contract shall be in full compliance with Subpart 31.2 of FAR (Subpart 31.3 for Educational Institutions) and the applicable agency supplements thereto, if any, set forth in Part II hereof. In the event such compliance is not maintained, Seller Xxxxxx agrees to compensate Buyer to the full extent of any prices or costs, including any penalties or interest, which are determined by Buyer's ’s customer to be unallowable or unreasonable or not allocable, under Buyer's ’s contract with its customer.
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