Common use of Deliverables and Financial Consequences Clause in Contracts

Deliverables and Financial Consequences. No. Deliverable Time Frame Financial Consequences 1 The Contractor shall host a kickoff meeting with the Purchaser individually, and kickoff meeting with each additional Customer, and FL[DS] (if applicable) in accordance with the PO, and any applicable ATC. The Contractor shall host the meeting within five (5) calendar days of PO issuance. Financial consequences shall be assessed in the amount of $100 per calendar day, beginning on the first calendar day after deliverable due date. 2 The Contractor shall submit the Implementation Plan timely and in accordance with the PO and any applicable ATC. The Contractor shall collaborate with the Customer and submit each Customer’s Implementation Plan to the Purchaser and each additional Customer within 10 calendar days of PO issuance. Financial consequences shall be assessed in the amount of $100 per calendar day, beginning on the first calendar day after the deliverable due date until the Customer Implementation Plan is received. Financial consequences shall also be assessed for a Customer’s Implementation Plan submitted that is not in accordance with the PO and any applicable ATC, in the amount of $500 for each incomplete Implementation Plan.