Costs Allowable. All of Seller’s costs (both Direct Costs and/or Indirect Costs) that have been, prior to the date hereof, charged to any Government Contract are allowable in accordance with applicable cost accounting standards and cost principles (except for costs properly charged to a reserve account appearing on Seller’s balance sheet as of the close of March 31, 2009).
Costs Allowable. All costs (both Direct Costs and Indirect Costs) that have been charged to the Company pursuant to any existing subcontract agreements shall be allowable in accordance with applicable cost accounting standards. No incurred Direct Costs and/or Indirect Costs shall be disallowed for any period of time prior to the Closing Date in excess of One Hundred Thousand dollars ($100,000). All Company costs (both Direct Costs and/or Indirect Costs) that have been, prior to Closing, charged to any Government Contract shall be allowable in accordance with applicable cost accounting standards (except for costs properly charged to a reserve account appearing on the Company Balance Sheet).
Costs Allowable. Subject to the provisions of this Agreement, the Company shall bear and pay the following costs and expenses in respect of its activities under this Agreement. These costs and expenses will be classified under the expenditure headings set out in Section 2 of this Schedule. Subject to the Sections 12, 13 and 15 of the Petroleum (Taxation) Act, which shall apply equally to the computation of PIT and PAPT under this Agreement, the costs described in this subsection 3.1 shall be allowable deductions in the computation of PIT and PAPT, subject to audits.
Costs Allowable. Except to the extent the aggregate amount of disallowed costs would not exceed $100,000 per fiscal year in which such costs were incurred, since January 1, 2005, (i) all costs (both direct costs and indirect costs) that have been charged to the Company pursuant to any existing subcontract agreements shall be allowable in accordance with applicable cost accounting standards, (ii) no incurred direct costs and/or indirect costs shall be disallowed in excess of $100,000, and (iii) all Company costs (both direct costs and/or indirect costs) that have been charged to any Government Contract shall be allowable in accordance with applicable cost accounting standards (except for costs properly charged to a reserve account appearing on the Company Balance Sheet).
Costs Allowable. All costs (both Direct Costs and Indirect Costs) to be billed to the Company prior to the Closing Date pursuant to any existing subcontract agreements shall be allowable in accordance with Federal Acquisition Regulation 31.201-2, if applicable, to the corresponding Company contract to which the subcontract has been issued. No Direct Costs and/or Indirect Costs incurred by the Company or billed to the Company by a subcontractor prior to the Closing Date shall be disallowed by the United States. All Company costs (both Direct Costs and/or Indirect Costs) that have been incurred by the Company or billed to the Company by a subcontractor prior to the Closing Date in connection with a Government Contract prior to Closing shall be allowable in accordance with Federal Acquisition Regulation 31.201-2, to the extent applicable.
