Exchange Units. Exchange units purchased by Cobalt will be replaced with units returned to serviceable condition by Cobalt or its subcontractor without regard to the condition of the unit supplied by Vendor (e.g. new or overhauled). Cobalt will administer the repair actions unless the exchange is purchased at a flat rate that includes repair charges. Vendor has adjusted its price as necessary to compensate for return of stock in serviceable condition. Exchange units will be returned in the configuration (dash number) ordered by Cobalt, not in the configuration supplied by the Vendor. Vendor has adjusted its price as necessary to compensate for return of stock in the lower configuration.
Appears in 3 contracts
Sources: Purchase Order Agreement, Purchase Order Agreement, Purchase Agreement