Common use of Acknowledgements and Negative Clause in Contracts

Acknowledgements and Negative. Acknowledgments If an applicable Use Case employs ACKS /NACKs, and Participant receives any NACKs for that Use Case, it: (i) will act upon all ACKS/NACKs; (ii) will take any necessary corrective action based on ACKS/NACKs; and (iii) will send ACKS/NACKs directly back to the Authorized User or take responsibility for communication and correction.

Acknowledgements and Negative. Acknowledgments If an applicable Use Case employs ACKS /NACKs, and Participant PO receives any NACKs for that Use Case, it: (i) will act upon all ACKS/NACKs; (ii) will take any necessary corrective action based on ACKS/NACKs; and (iii) will send ACKS/NACKs directly back to the Authorized User PO Participant or take responsibility for communication and correction.