SELLER Business Systems definition

SELLER Business Systems as used in this clause means SELLER’s material management and accounting system, cost estimating system, accounting system, earned value management system, property management system, and purchasing system. If SELLER’s Business Systems are reviewed and approved by a Government agency, SELLER shall provide prompt notice to LOCKHEED MARTIN whenever there is a material change in the status of the Government’s approval or determination of adequacy of any of SELLER’s Business Systems.
SELLER Business Systems as used in this clause means Seller’s material management and accounting system, cost estimating system, accounting system, earned value management system, property management system, and purchasing system. When Seller’s Business Systems are reviewed and approved by a Government agency, Seller shall provide prompt notice to Buyer whenever there is a material change in the status of the Government’s approval or determination of adequacy of any of Seller’s Business Systems. Should the Government observe a deficiency in Seller’s Business Systems and if any of those systems produces data that is integral to the output of the Buyer, acting in its role as a prime to the Government or to another prime contractor, which may result in the Seller’s and/or Buyer’s Business Systems being disapproved, Seller shall be liable for and save Buyer harmless from any loss, damage, or expense whatsoever that Buyer may suffer.
SELLER Business Systems as used in this clause means SELLER’s material management and accounting system, cost estimating system, accounting system, earned value management system, property management system, and purchasing system. When SELLER’s Business Systems are reviewed and approved by a Government agency, SELLER shall provide prompt notice to BUYER

More Definitions of SELLER Business Systems

SELLER Business Systems as used in this clause means SELLER’s material management and accounting system, cost
SELLER Business Systems as used in this clause means SELLER’s accounting, billing, estimating, earned value management, property management, and purchasing systems. If SELLER’s Business Systems are reviewed and approved by a Government agency,
SELLER Business Systems as used in this clause means SELLER’s material management and accounting system, cost estimating system, accounting system, earned value management system, property management system, and