Common use of OFFSET CREDITS Clause in Contracts

OFFSET CREDITS. To the exclusion of all others, Boeing or its assignee shall be entitled to all industrial benefits or offset credits which might result from this GTA or any Order. Seller shall provide documentation or information, which Boeing or its assignee may reasonably request to substantiate claims for industrial benefits or offset credits. Seller agrees to use commercially reasonable efforts to identify the foreign content of goods, which Seller either produces itself or procures from other companies for work directly related to this GTA. Promptly after selection of a non-U.S. subcontractor or supplier for work under this GTA, Seller shall notify Boeing of the name, address, subcontract point of contact (including telephone number) and dollar value of the subcontract.