FINANCIAL TERMS, PAYMENTS AND FINANCIAL ASSUMPTIONS Sample Clauses

FINANCIAL TERMS, PAYMENTS AND FINANCIAL ASSUMPTIONS. 7.1 PAYMENT FOR DIRECT OPERATING COSTS: For each Accounting Period, the SFA will pay/reimburse the FSMC for all Direct Operating Costs less all applicable credits, discounts and rebates. Detailed cost documentation must be submitted monthly to support what the SFA is charged for each cost. The FSMC must exclude all unallowable costs from its invoices and certify that only allowable costs are submitted for payment and that records have been established that maintain the visibility of unallowable costs, including directly associated costs in a manner suitable for contract cost determination and verification. The invoice will be submitted to the SFA by the seventh (7) day following the Accounting Period being billed.
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