Common use of INITIAL CHARGES Clause in Contracts

INITIAL CHARGES. The allowed costs of PDS FINANCIAL for actual and direct costs of production and for installation and setup will herein be termed the initial charges. The initial charges represent the marginal costs of production, installation, and warranty for parts (for one year). They do not include administrative, sales, marketing, non-specific distribution costs, or servicing costs. Freight is not an initial charge and shall be paid by PDS FINANCIAL. 28.

INITIAL CHARGES. 27.1 The allowed costs of PDS FINANCIAL for actual and direct costs of production and for installation and setup will herein be termed the initial charges. The initial charges represent the marginal costs of production, installation, and warranty for parts (for one year). They do not include administrative, sales, marketing, non-specific distribution costs, or servicing costs. Freight from PDS FINANCIAL to PDS FINANCIAL customers is not an initial charge and shall be paid by PDS FINANCIAL. 28xxx Confidential treatment requested pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.