DELINQUENT PO

DELINQUENT PO. The Manufacturer may repurchase an Accepted P.O. pursuant to (paragraph) 8(b) below. In the absence of such repurchase, an Accepted P.O. becomes a "DELINQUENT P.O." if the P.O. Price is not paid to the Contractor by the earliest of (i) the due date for payment of the P.O. Invoice, (ii) ninety (90) days following the Funding Date if Contractor issues its letter of credit or purchase order, (iii) thirty (30) days following the Funding Date if Contractor advances funds by other than issuing its... letter of credit or purchase order, or (iv) the date on which the Accepted P.O. is canceled. View More