Common use of Vendor Response Clause in Contracts

Vendor Response. Vendor and TXUED shall meet to review each audit report promptly after the issuance thereof. Vendor will respond to each audit report in writing within sixty (60) days from receipt of such report. Vendor and TXUED shall develop and agree upon an action plan to promptly address and resolve any reasonable identified deficiencies, concerns and/or recommendations in such audit report and, following approval of such plan by TXUED, Vendor shall undertake remedial action in accordance with such action plan and the dates specified therein.

Appears in 1 contract

Sources: Master Framework Agreement (Txu Corp /Tx/)

Vendor Response. Vendor and TXUED TXU shall meet to review each audit report promptly after the issuance thereof. Vendor will respond to each audit report in writing within sixty thirty (6030) days from receipt of such report, unless a shorter response time is specified in such report. Vendor and TXUED TXU shall develop and agree upon an action plan to promptly address and resolve any reasonable identified deficiencies, concerns and/or recommendations in such audit report and, and following approval of such plan by TXUEDTXU, Vendor shall undertake remedial action in accordance with such action plan and the dates specified therein.

Appears in 1 contract

Sources: Master Framework Agreement (Txu Corp /Tx/)