REDUCTION OR SUSPENSION OF CONTRACT PAYMENTS UPON FINDING OF FRAUD OR FALSIFICATION. Refer also to the Part I clauses herein entitled “Business Conduct and Ethics” and “Fraud or Falsification” as well as the Part III clause herein entitled “FAR 52.203-10, Price or Fee Adjustment for Illegal or Improper Activity (Modified)”. (a) Seller agrees that Buyer may reduce or suspend further advance, partial or progress payments to the Seller under this Purchase Order upon a written determination by Buyer that substantial evidence exists that the Seller’s request for advance, partial, progress, or milestone (performance based payments) payments is based on fraud, misrepresentation, or falsification. This clause is in addition to any rights or remedies available to the Buyer by law or in equity. (b) Actions taken by the Buyer under this clause shall not constitute an excusable delay or force majeure under the “Default” clause or “Excusable Delay” clause of this Purchase Order or otherwise relieve the Seller of its obligations to perform under this Purchase Order.
Appears in 8 contracts
Samples: Purchase Order, Purchase Order, Purchase Order
