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ERGIGS.A -15 -0007 (ii) An offset shall not be allowed if— (A) 'The understated data were known by the Service Provider to be understated before the "as of date specified on its Certificate of Current Cost or Pricing Data; or (B) The Government proves that the facts demonstrate that the IGSA price would not have increased in the amount to be offset even if tho available data had been submitted before the "as of date specified on its Certificate of Current Cost or Pricing Data, (d) If any reduction in the IGSA price tinder this clause roduces the price of items for which payment was made prior to the date of the modification reflecting the price reduction, the Service Provider shall be liable to and shall pay the United States at the time such overpayment is repaid (1) Simple interest on the amount of such overpayment to be computed finom the date(s) of overpayment to the Service Provider to the date the Government is repaid by the Service Provider at the applicable underpayment rate effective for each quarter prescribed by the Secretary of the Treasury under 26 U,S.C. 6621(x)(2); and (2) A penalty equal to the amount of the overpayment, if the Service Provider or subcontractor knowingly submitted certified cost or pricing data that were incomplete, inaccurate, or noncurrcnt. F) Price Reduction for Defective Certified Cost or Pricing Data - Modifications (a) This Article shall become operative only for any modification to this IGSA involving a pricing adjustment expected to exceed $700,000, except that this Article does not apply to any modification (1) where prices of the modification are based upon adequate price competition, or (2) when a, waiver has been granted. (b) If any price, including profit or fee, negotiated in connection with any tmodifxcatien under this clause, or any cost reimbursable under this IGSA, was increased by any significant amount because (1) the Service Provider or a subcontractor fumished certified cost or pricing data that were not complete, accurate, and current as certified in its Certificate of Current Cost or Pricing Data, (2) a subcontractor or prospective subcontractor £urnishod the Service Provider certified cost or pricing data that were not complete, accurate, and current as certified in the Service Providcr's Certificate of Cuta cot Cost or Pricing Data, or (3) any of these parties flnmished data of any description that were not accurate, the price or cost shall be reduced accordingly and tho IGSA shall be modifiod to reflect the reduction. This right to a price reduction is limited to that resulting from defects in data relating to modifications for which this clause becomes operative under paragraph (a) of this clause. 32 25G -35