Adjustment to Sales Price Sample Clauses
The Adjustment to Sales Price clause defines how and when the agreed-upon sales price for a transaction may be modified after the initial agreement. Typically, this clause outlines specific circumstances—such as changes in inventory, discovery of defects, or fluctuations in market conditions—that could trigger a price adjustment, and it details the process for calculating and implementing such changes. Its core practical function is to ensure fairness and flexibility for both parties by allowing the final price to reflect actual conditions at closing, thereby reducing the risk of disputes over unforeseen changes.
Adjustment to Sales Price. (Check (1) or (2) only.)
(1) The sales price will not be adjusted based on a survey.
(2) The sales price will be adjusted based on the latest survey obtained under Paragraph 6B.
(a) The sales price is calculated on the basis of $ per:
(i) square foot of ❑ total area ❑ net area.
(ii) acre of ❑ total area ❑ net area.
Adjustment to Sales Price. A. GE Americom shall advise CBN on or before the Commercial Operational Date of the projected operational life of the Satellites on which the transponders have been assigned based on stationkeeping fuel. If the projected operational life of a Satellite, as determined by GE Americom, at the Commercial Operational Date is less than [*] GE Americom shall refund to CBN a portion of the price actually paid by CBN to GE Americom in accordance with Article 3 for the Transponder, based upon the following formula: PRICE REDUCTION = NO. OF MONTHS BY PAYMENTS TO WHICH SATELLITE LIFE X GE AMERICOM UNDER FALLS SHORT OF [*] ARTICLE 3 ------------------ [*]
B. If the projected life of a Satellite on which a Transponder has been assigned as determined by GE Americom at the Commercial Operational Date is less than [*], CBN may, at its option, accept title to the Transponder at a price adjusted in accordance with the provisions of this Article 5 or may decline to accept title to the Transponder, in which event GE Americom shall return to CBN all sums paid to GE Americom in accordance with Article 3 for that Transponder.
C. GE Americom's entire liability to CBN under this Article 5. shall consist of the payment of a refund to CBN, where applicable. In no event shall GE Americom's liability to CBN, where a refund to CBN is provided under this Article 5, exceed the amount paid by CBN to GE Americom under Article 3 hereof.