Common use of Specific Areas Clause in Contracts

Specific Areas. Without diminishing Seller’s obligations under subparagraph (a), Seller agrees to the treatment of the specific areas of compliance as set forth in the following paragraphs: (1) Cost or Pricing Data. Xxxxxx agrees that: (i) if cost or pricing data, as defined in the Truth in Negotiations Act (Truthful Cost or Pricing Data) and implementing regulations, are required or requested; and (ii) Seller or its lower-tier subcontractors: (A) fail to provide current, accurate and complete cost or pricing data; (B) claim an exception to a requirement or request to provide cost or pricing data and such exception is at any time determined to be inapplicable; (C) furnish data of any description that were not accurate; (D) as a prospective contractor, with notice of applicable cutoff dates and at Buyer’s request, submit cost or pricing data that are not accurate, current and complete as of the cutoff date on Buyer’s Certificate of Current Cost or Pricing Data; or (E) the Government alleges any of foregoing; such conduct by Seller or its lower-tier subcontractors shall be treated as a failure to comply with all applicable laws, orders, rules, regulations, and ordinances of government entities and shall be subject to the remedies below.