Common use of Exclusions or Deductions Clause in Contracts

Exclusions or Deductions. The following items shall be excluded or deducted from any claim submitted by Seller: A. All unliquidated advances or other payments made by Boeing to Seller pursuant to a terminated Order; B. Any claim which Boeing has against Seller; C. The agreed price for scrap allowance; D. Except for normal spoilage and any risk of loss assumed by Boeing, the agreed fair value of property that is lost, destroyed, stolen or damaged.

Appears in 3 contracts

Samples: General Terms Agreement (Lmi Aerospace Inc), General Terms Agreement (Lmi Aerospace Inc), General Terms Agreement (Pacific Aerospace & Electronics Inc)

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Exclusions or Deductions. The following items shall be excluded or deducted from any claim submitted by Seller: A. All unliquidated advances or other payments made by Boeing to Seller pursuant to a terminated Order; B. Any settled claim which Boeing has against Seller; C. The agreed price for scrap allowance; D. Except for normal spoilage and any risk of loss assumed by Boeing, the agreed fair value of property that is lost, lost destroyed, stolen or damaged.

Appears in 1 contract

Samples: General Terms Agreement (Spirit AeroSystems Holdings, Inc.)

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Exclusions or Deductions. The following items shall be excluded or deducted from any claim submitted by Seller: A. All unliquidated advances or other payments made by Boeing to Seller pursuant to a terminated Order; B. Any claim which Boeing has against Seller; C. The agreed price for scrap allowance; D. Except for normal spoilage and any risk of loss assumed by Boeing, the agreed fair value of property that is lost, destroyed, stolen or damaged.

Appears in 1 contract

Samples: General Terms Agreement (Pacific Aerospace & Electronics Inc)

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