Agency Subcontracts definition
Examples of Agency Subcontracts in a sentence
In the event the negotiation and execution of any such Agency Subcontracts is delayed and the Project Schedule is adversely impacted (provided that Contractor is not acting in a commercially unreasonable manner), Contractor shall be entitled to a Change In Work to the extent such delay actually and demonstrably impacts the Substantial Completion Guaranteed Date for the applicable Unit or the Separated Contract Price.
All of the Agency Subcontracts that were not previously assigned to Contractor shall be assigned to Contractor as promptly as practicable after there has been a Financial Closing.
Contractor’s authority in connection with the Agency Subcontracts shall be limited such that Contractor shall not materially amend or modify the Agency Subcontracts, waive or exclude performance by any Supplier of their respective obligations under the Agency Subcontracts, or release, compromise or waive any claim against any of such Suppliers, without Owner’s prior written consent in each case.
While acting as Owner’s agent, Contractor shall administer and enforce the Agency Subcontracts as necessary to accomplish the Work.
While acting as agent with respect to the Agency Subcontracts, Contractor agrees to promptly make payments to such Suppliers, subject to Owner having paid Contractor, and to administer all other aspects of the Agency Subcontracts and shall oversee the Suppliers’ performance under the Agency Subcontracts, including technical review and coordination.
Pursuant to and in accordance with Section 4.2.7(b), Owner shall, at such time as provided in Section 4.2.7(b), in writing and in the form attached hereto as Exhibit X, assign its rights and obligations under the Agency Subcontracts to Contractor, and upon such assignment, Contractor shall assume all of Owner’s rights and obligations under such Agency Subcontracts, including the payment obligations thereunder.
Without limiting the foregoing, Owner and Contractor acknowledge and agree that certain of the Agency Subcontracts provide that the respective Subcontractors will limit access to their books and records for audit or other purposes to approved third parties.
Prior to assignment of the Agency Subcontracts to Contractor pursuant to Section 4.2.7(b), Contractor shall act as Owner’s agent to prepare and execute the Agency Subcontracts (including an amendment to the STG Upgrade Contract), subject to Owner’s approval of such Agency Subcontracts prior to execution thereof.
For all Federal Government Agency Subcontracts, delete clauses 17 and 18 and substitute (i) FAR 52.227-3, 11 through 14, 16, 17, and/or 18, (ii) DFAR 252.227-7013 and/or 7015, and/or (iii) NASA FAR Supplement 1852.227-70 as required by applicable Government regulations or Buyer’s contract with its customers.
Owner and Contractor shall cooperate to negotiate and finalize the Agency Subcontracts, including amending the STG Upgrade Contracts to the extent mutually agreed upon by Owner and Contractor, as required and by such dates so as to avoid delays to the Work.