IMI Precision. Engineering specifically reserves the right to deduct from any monies due or to become due to the Supplier any monies due to IMI Precision Engineering from the Supplier and to withhold the whole of or part of the Price and/or the Charges for any reason whatsoever. If IMI Precision Engineering withholds or deducts any amount from the amount payable by it to the Supplier from time to time, such withholding or deduction shall not constitute a default in payment.
Appears in 2 contracts
Sources: General Conditions of Purchase, General Conditions of Purchase