Project Financing. 1.1 The subsidy shall be restricted to 90% of sanctioned cost or award cost (excluding State & local taxes) whichever is lower (this lowered cost herein after shall be referred to as ’Project cost’). The state & local taxes are not admissible under RGGVY and to be borne by the Government of */ **.
Appears in 2 contracts
Project Financing. 1.1 The subsidy shall be restricted to 90% of sanctioned cost or award cost (excluding State & local taxes) whichever is lower (this lowered cost herein after shall be referred to as ’'Project cost’'). The state & local taxes are not admissible under RGGVY and to be borne by the Government of */ **.
Appears in 2 contracts
Project Financing. 1.1 The subsidy shall be restricted to 90% of sanctioned cost or award cost (excluding State & local taxes) whichever is lower (this lowered cost herein after shall be referred to as ’'Project cost’'). The state & local taxes are not admissible under RGGVY and to be borne by the Government of */ **.
Appears in 1 contract
Samples: Bipartite Agreement Agreement
Project Financing. 1.1 The subsidy shall be restricted to 90% of sanctioned cost or award cost (excluding State & local taxes) whichever is lower (this lowered cost herein after shall be referred to as ’Project cost’). The state & local taxes are not admissible under RGGVY and to be borne by the Government of */ **.
Appears in 1 contract
Samples: Bipartite Agreement Agreement
