Allocable Cost definition

Allocable Cost shall have the meaning provided in Section 8.10.
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Allocable Cost means the following costs, which shall be determined -------------- in accordance with allocation principles established by mutual agreement of Immunex and AHP, and which shall be in accordance with generally accepted accounting principles consistently applied: (a) payroll direct labor, including taxes and benefits based on hours captured by time reports, and direct charges; (b) indirect supplies and department overhead, including indirect department expenses that are allocated to projects based on the cost of direct labor; (c) facility overhead, including rent, depreciation, utilities and facilities support, all of which are allocated to projects based on the cost of direct labor; and (d) general overhead, including infrastructure services such as purchasing, information systems, etc., all of which are allocated to projects based on the cost of direct labor.
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Allocable Cost means a cost allocable to a particular cost objective (i.e.,,a specific function, project, process, or organization) if the costs incurred are , chargeable or assignable to such cost objectives in accordance witlj the
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Examples of Allocable Cost in a sentence

  • Upon receiving such request, the District shall within a reasonable period of time thereafter provide the Charter School its determination as to whether or not the requested services, or any portion thereof, will be provided by the District and, if so, shall make a written offer to the Charter School to provide certain services described in the District’s written offer at a cost described in the written offer equal to the District Allocable Cost.

  • The District Allocable Cost may be based on the allocable share of the District’s direct and indirect costs which is reasonably allocable to the requested service, or on any other reasonable method for determining the District’s cost in the discretion of the District.

  • In the event that AHP assumes any Third Party manufacturing agreement with respect to such Elected Product, Immunex shall no longer be reimbursed for Manufacturing Cost incurred with respect to such Elected Product after the effective date of AHP's assumption of such Third Party manufacturing agreement, but Immunex shall continue to be reimbursed for its Allocable Cost as set forth in the immediately preceding sentence.

  • The cost and expense of taking or provision of any such precautionary actions by Owner or its agents will be treated as an Allocable Cost pursuant to Section 11.5. Owner’s taking any such precautionary actions will not relieve Contractor of its obligations under this Agreement or Applicable Laws or constitute a waiver of any of Owner’s rights or a mitigation or diminution of any of Contractor’s obligations under this Agreement.

  • In computing the Monthly Service Fee pursuant to this Section 3(f), the Allocable Cost of providing a service for a month of determination shall be the Allocable Costs with respect to such service accrued by the Manager for such month.

  • AHP shall reimburse Immunex for one hundred percent (100%) of Immunex's Allocable Cost for any transfer of Immunex Technology hereunder.

  • If Licensee notifies Verrica of its desire to so include such Third-Party Right, then such Third-Party Right will be included in the License and the Allocable Cost will be borne [***] by Verrica and [***] by Licensee.

  • The premium for any such lien discharge bond shall be treated as an Allocable Cost pursuant to Section 11.5.

  • In addition, the Manager shall be reimbursed by the Company for any amount that the Manager pays that (i) is paid by the Manager, in carrying out its duties as Manager, on behalf and for the benefit of the Company, and (ii) is not part of the Allocable Cost of a service, as such term is used in Section 3(e) (the “Additional Costs”).

  • On a Calendar Quarterly basis, Verrica shall invoice Licensee an amount equal to [***] of the Allocable Cost and Licensee shall pay all undisputed amounts in such invoice no later than [***] after receipt of the invoice.