Common use of Fee Reduction Clause in Contracts

Fee Reduction. a. Where submission of cost or pricing data is required or requested at any time prior to or during performance of this subcontract, if Seller or its lower tier subcontractors: (i) submit and/or certify cost or pricing data that are defective; (ii) with notice of applicable cutoff dates and upon Buyer’s request to provide cost or pricing data, submit cost or pricing data, whether certified or not certified at the time of submission, as a prospective subcontractor, and any such data are defective as of the applicable cutoff date on Buyer’s Certificate of Current Cost or Pricing Data,