Allocable Costs definition

Allocable Costs means costs allocable to a particular cost objective if the goods or services involved are chargeable or assignable to such cost objective in accordance with relative benefits received or other equitable relationship. Costs allocable to a specific Program may not be shifted to other Programs in order to meet deficiencies caused by overruns or other fund considerations, to avoid restrictions imposed by law or by the terms of this Agreement, or for other reasons of convenience.
Allocable Costs means those costs which are incurred specifically for the award.
Allocable Costs means indirect costs (i.e., costs that would be incurred regardless of whether or not the Non Rate-Regulated Activities were undertaken);

Examples of Allocable Costs in a sentence

  • In letters in February 2015 and April 2017, Avient again contested that costs it was paying were Allocable Costs and reserved its right to reallocate those costs in arbitration pursuant to the 2007 Settlement Agreement.

  • For example, even when Avient was allocated 100 percent of the Allocable Costs in the 2019 Final Award, it did not “roll the dice” on a Section 6 proceeding, and it elected for FAA confirmation instead.

  • If no party files arbitration to re-allocate Allocable Costs incurred and paid during the applicable five-year window, then any claim to re-allocate those costs is barredpursuant to Section 5.3. Id. at 7.

  • Avient mostly complied with its obligation to pay Westlake 100% of the Allocable Costs subject to arbitration.

  • Id. § 4.1. Thus, Section 4.1 prohibits the re-litigation of issues and events that have already been substantively decided in a prior arbitration.The parties did include a separate provision of the 2007 Settlement Agreement— Section 6—that permitted a party to file a “judicial proceeding” after an arbitration to obtain “a de novo determination” of the allocation of Allocable Costs.


More Definitions of Allocable Costs

Allocable Costs means costs allocable to a particular cost objective if the goods or services involved are chargeable or assignable to such cost objective in accordance with relative benefits received or other equitable relationship. Costs allocable to a specific Program may not be shifted to other Programs in order to meet deficiencies caused by overruns or other fund considerations, to avoid restrictions imposed by law or by the terms of this Agreement, or for other reasons of convenience. SAMPLE
Allocable Costs means costs allocable to a particular cost objective if the goods or services involved are chargeable or assignable to such cost objective in accordance with relative benefits received or other equitable relationship. Costs allocable to a specific Program may not be shifted to other Programs in order to meet deficiencies caused by overruns or other fund considerations, to avoid restrictions imposed by law or by the terms of this Agreement, or for other reasons of convenience. “Allowable Costs” has the same meaning as in 44 Ill. Admin. Code Part 7000. “Award” has the same meaning as in 44 Ill. Admin. Code Part 7000. “Budget” has the same meaning as in 44 Ill. Admin. Code Part 7000. “CFDA” or “Catalog of Federal Domestic Assistance” has the same meaning as in 44 Ill. Admin. Code Part 7000. “Close-out Report” means a report from the Grantee allowing the Grantor to determine whether all applicable administrative actions and required work have been completed, and therefore closeout actions can commence. “Conflict of Interest” has the same meaning as in 44 Ill. Admin. Code Part 7000. “Consolidated Year-End Financial Report” means a financial information presentation in which the assets, equity, liabilities, and operating accounts of an entity and its subsidiaries are combined (after eliminating all inter-entity transactions) and shown as belonging to a single reporting entity. “Cost Allocation Plan” has the same meaning as in 44 Ill. Admin. Code Part 7000. “CSFA” or “Catalog of State Financial Assistance” has the same meaning as in 44 Ill. Admin. Code Part 7000. “Direct Costs” has the same meaning as in 44 Ill. Admin. Code Part 7000. “Disallowed Costs” has the same meaning as in 44 Ill. Admin. Code Part 7000. “DUNS Number” means a unique nine digit identification number provided by Dun & Bradstreet for each physical location of Grantee’s organization. Assignment of a DUNS Number is mandatory for all organizations seeking an Award from the State of Illinois. “XXXX” means the Federal Award Identification Number. “FFATA” or “Federal Funding Accountability and Transparency Act” has the same meaning as in 31 USC 6101; P.L. 110-252.
Allocable Costs. Means those that are incurred specifically for the award.
Allocable Costs means, with respect to any Individual Property, the Costs allocable to such Individual Property.
Allocable Costs are particular to a Federal award or other cost objective if the goods or services involved are chargeable or assignable to that Federal award or cost objective in accordance with relative benefits received. See 2 CFR §200.405.
Allocable Costs has the meaning set forth in Section 11.5.1.
Allocable Costs means Central Office Costs, Executive Costs, Field Management Costs and Other Field Expenses.