Common use of NON-APPLICABLE COSTS Clause in Contracts

NON-APPLICABLE COSTS. Notwithstanding that the following costs may have been or may be reasonably and properly incurred by the Proponent during the performance of Project activities, they are considered non-applicable costs to the Project: (a) allowance for interest on invested capital, bonds, debentures, bank or other loans together with related bond discounts and finance charges; (b) legal, accounting and consulting fees in connection with financial reorganization, security issues, capital stock issues, obtaining of patents and licenses and prosecution o claims against the Minister; (c) losses on investments, bad debts and expenses for the collection thereof; (d) losses on other projects or contracts; (e) federal and provincial income taxes, excess profit taxes or surtaxes and/or special expenses in connection therewith;