Common use of Characterization of Adjustment Fees Clause in Contracts

Characterization of Adjustment Fees. Customer and Contractor agree that the Adjustment Fees provided for in this Article 6 do not constitute a penalty or estimate of future damages, but represent reasonable fees associated with the adjustment of affected Launch Service and Contractor or Customer’s associated obligations under this Contract at various points in time.

Appears in 3 contracts

Samples: Contract for Launch Services (Iridium Communications Inc.), Contract for Launch Services (Iridium Communications Inc.), Contract for Launch Services (Iridium Communications Inc.)

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Characterization of Adjustment Fees. Customer and Contractor agree that the Adjustment Fees provided for in this Article 6 do not constitute a penalty or estimate of future damages, but represent reasonable fees associated with the adjustment of the affected Launch Service and Contractor or Customer’s associated obligations under this Contract at various points in time.

Appears in 1 contract

Samples: Contract for Launch Services (Iridium Communications Inc.)

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