Common use of Combined Pool Clause in Contracts

Combined Pool. If Customer purchased Combined Pool coverage, the initial account balance and the Site to which that balance applies (site balance) is specified in the Quotation. As Customer requests or uses either labor or parts under Combination Pool coverage, the Combined Pool monetary level stated on in the Quotation will be reduced at Philips’ then current standard rates for labor and Philips’ then current published list price for parts. If Combined Pool coverage is exhausted, then Customer may request labor or parts at Philips’ then current standard rates for labor and Philips’ then current published list price for parts less the discount specified in the Quotation (if any). Combined Pool coverage expires as indicated in the Quotation, or in case of termination of this Agreement, and no credit for any unused portion is carried forward or eligible for refund. Customer may allocate the balance purchased by Customer between the Equipment at the Site. Customer may not allocate the site balance to Equipment not listed in the Quotation.