Common use of Unallowable Costs Clause in Contracts

Unallowable Costs. Unallowable Costs (as defined in this paragraph) will be separately determined and accounted for by Moody’s, and Moody’s shall not charge such Unallowable Costs directly or indirectly to any contract with the United States or the States. For purposes of this paragraph, “Unallowable Costs” means unallowable costs for government contracting purposes, which shall specifically include all costs (as defined in the Federal Acquisition Regulation, 48 C.F.R. § 31.205-47) incurred by or on behalf of Moody’s, and its present or former officers, directors, employees, shareholders, and agents in connection with any of the following:

Appears in 7 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

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