Common use of Risk plan Clause in Contracts

Risk plan. The Seller is obliged to conduct and periodically evaluate a risk minimization plan and inform the Buyer of any material facts and events having but a potential effect on the possible increase or activation of risks. Separate accounting records. The Seller is obliged to keep reasonable separate accounting records of the costs of performance hereunder and use the means of ongoing financing from payments provided hereunder exclusively in connection with the performance hereunder, and the Buyer acknowledges that within the performance hereunder, in addition to direct and indirect costs, the Seller also covers the profit and risk items with regard to the nature of the supply. This provision does not impose an obligation on the Seller to report these items to the Buyer or control bodies.