Common use of Refunds and Credits Clause in Contracts

Refunds and Credits. If Service Provider should receive a refund, credit, discount or other rebate for goods or services paid for by DIR and/or the DIR Customers on a Pass-Through Expense, retained expense, cost-plus or cost-reimbursement basis, then Service Provider shall (i) notify DIR of such refund, credit, discount or rebate and (ii) pay the full amount of such refund, credit, discount or rebate to DIR or such DIR Customer.

Refunds and Credits. If Service Provider should receive a refund, credit, discount discount, or other rebate for goods or services paid for by DIR and/or the DIR Customers on a Pass-Through Expense, retained expense, cost-plus plus, or cost-reimbursement basis, then Service Provider shall (i) notify DIR of such refund, credit, discount discount, or rebate and (ii) pay the full amount of such refund, credit, discount discount, or rebate to DIR or such DIR Customer.