New Statement Pricing Sample Clauses

New Statement Pricing. Procurement of Materials for all the Services described below shall be based on the following: Broadridge will supply the forms and envelopes and pass through the costs thereof to Client. Client will specify the paper stock and envelopes (“stock”), which will be used for the sole purpose of printing Client products. Broadridge shall be responsible for managing and maintaining sufficient stock inventory on its premises or vendor warehouses, for communicating inventory levels and reorder requirements to Client, and for coordinating delivery schedules with the vendors. In the event Client chooses to use Client suppliers, Client shall give written notice to Broadridge( including notice to discontinue ordering stock). Client understands that Broadridge typically orders stock in quantities to cover *** use and must place order for such stock *** in advance of delivery. Client shall be responsible for payment of all unused stock in inventory, as well as destruction and/or removal costs. Materials provided by Client suppliers shall adhere to all equipment specifications used at Broadridge and agrees to provide “test” stock no less than 8 weeks prior to going into production. The stock to be used will be subject to sign-off approval by Broadridge. Broadridge will notify Client of industry price increases that impact the cost of materials. Waste /Overage on stock charges resulting from issues solely under the control of Broadridge shall be capped at *** of print volume. Any waste stock resulting from the actions of Client or its stock vendors, due to such factors as poor stock quality, late shipments, short shipments, or any other event outside of Broadridge’s control, will not be subject to the *** waste cap.