Common use of NON-ELIGIBLE EXPENDITURES Clause in Contracts

NON-ELIGIBLE EXPENDITURES. The following costs shall not be considered eligible: • indirect expenditures; • interest on debt, debt service charges and late payment charges; • charges for financial transactions and other purely financial costs (e.g. bank service charges, currency exchange services, charges for setting up an account and for maintaining an account, charges for bank transfers); • provisions for losses or potential future liabilities; • exchange losses;

NON-ELIGIBLE EXPENDITURES. The following costs shall not be considered eligible: •  indirect expenditures; •  interest on debt, debt service charges and late payment charges; •  charges for financial transactions and other purely financial costs (e.g. bank service charges, currency exchange services, charges for setting up an account and for maintaining an account, charges for bank transfers); •  provisions for losses or potential future liabilities; •  exchange losses;

NON-ELIGIBLE EXPENDITURES. The following costs shall not be considered eligible: •  indirect expenditures; •  interest on debt, debt service charges and late payment charges; • charges for financial transactions and other purely financial costs (e.g. bank service charges, currency exchange services, charges for setting up an account and for maintaining an account, charges for bank transfers); • provisions for losses or potential future liabilities; • exchange losses;