Common use of CONTRACT COST PRINCIPLES AND PROCEDURES Clause in Contracts

CONTRACT COST PRINCIPLES AND PROCEDURES. Seller agrees that to the extent applicable, costs allocated to this Order shall be in full compliance with Subpart 31.2 of the FAR (Subpart 31.3 for Educational Institutions) and DFARS Subpart 31.2. In the event such compliance is not maintained, ▇▇▇▇▇▇ agrees to compensate Buyer to the full extent of any prices or costs, including any penalties or interest that are determined by Customer to be unallowable or unreasonable or not allocable, under Buyer’s contract with its Customer.

CONTRACT COST PRINCIPLES AND PROCEDURES. Seller agrees that to the extent applicable, costs allocated to this Order shall be in full compliance with Subpart 31.2 of the FAR (Subpart 31.3 for Educational Institutions) and DFARS Subpart 31.2. 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 that are determined by Customer to be unallowable or unreasonable or not allocable, under Buyer’s contract with its Customer.