RIX Industries Flow Downs

2/13/2017

Description:

Undefinitized Purchase Contract Line Item Unit Price

Clause:

The unit price for this undefinitized line item is provisional. In the event of delivery of Goods/Services and acceptance prior to definitization, or if this is a non-deliverable line item for which Buyer agrees to process payment prior to definitization, Buyer shall issue payment based on the “Provisional Billing Price” as stated on this Contract. This Contract shall later be adjusted to reflect the definitized unit price. Any additional payments due to Seller resulting from Contract definitization shall be paid in accordance with the payment provisions of this Contract. For any reimbursements due to Buyer resulting from Contract definitization, Buyer may, at its option, equitably adjust the Contract or Seller shall promptly issue a check to Buyer that covers the balance of Buyer’s claim.