Indirect Cost Rate The Grantee’s acknowledged or approved Indirect Cost Rate (ICR) is contained within ATTACHMENT B, BUDGET and the ICR Acknowledgement Letter – Ten Percent De Minimis is incorporated by reference into this Contract as ATTACHMENT I. Grantee must have an approved or acknowledged indirect cost rate to recover indirect costs. If the System Agency approves or acknowledges an updated indirect cost rate, the Contract will be amended to incorporate the new rate (and the new indirect cost rate letter, if applicable) and the budget revised accordingly.
Additional Cost Rate has the meaning given to it in Schedule 4 (Mandatory Cost formulae).
Administrative Cost Rate As of any date of determination, a rate equal to the sum of the Servicing Fee Rate, the Operating Advisor Fee Rate, the Asset Representations Reviewer Ongoing Fee Rate, the CREFC® Intellectual Property Royalty License Fee Rate and the Trustee/Certificate Administrator Fee Rate.
Mandatory Cost Rate means, with respect to any period, a rate per annum determined in accordance with Schedule 1.01.
Deactivation Avoidable Cost Rate means the formula rate established pursuant to Tariff, Part V, section 115 of this Tariff.