SRR Clause Samples
The SRR (Setoff, Recoupment, and Reimbursement) clause defines the rights of parties to offset or deduct amounts owed to each other under a contract. In practice, this clause allows one party to reduce its payment obligations by the amount the other party owes, or to recover overpayments or losses directly from amounts otherwise due. This mechanism ensures that financial imbalances are promptly corrected, minimizing the risk of non-payment and streamlining the settlement of mutual obligations between the parties.
SRR. The Contractor shall conduct the SRR at a mutually agreed time to [***]. The Contractor shall deliver an SRR Data Package one week prior to the meeting that includes all the draft, preliminary, and final documents listed in Figure 3-2 Contract Deliverable Schedule. Use or disclosure of the data contained on this sheet is subject to the restiction on the title page. AMENDMENT 2 TerreStar Satellite Base Station Subsystem SOW
SRR. The Contractor shall conduct the SRR at a mutually agreed time to select and present the design concept, to review preliminary trade study results, prototype status, the program schedule, and risk reduction efforts, and to identify S-BSS Configuration Items (CIs). The Contractor shall deliver an SRR Data Package one week prior to the meeting that includes all the draft, preliminary, and final documents listed in Figure 3-2 Contract Deliverable Schedule. TerreStar Satellite Base Station Subsystem SOW