Notice Concerning Closeout of Orders Below the Simplified Acquisition Threshold Sample Clauses

Notice Concerning Closeout of Orders Below the Simplified Acquisition Threshold. Seller is advised that Viasat uses an automated closeout process for firm fixed price purchases valued below $150,000. Final payment will be made in accordance with the price and payment terms of the Purchase Order, and will be considered closed 30 days following final payment, thereby releasing Viasat from any further obligations to Seller with the purchase. The automated close-out process will only apply when firm fixed price purchases do not involve use or access to classified data or government/customer property, and when there are no outstanding claims or other special considerations.
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