Applicable Pricing Information Clause Samples
The "Applicable Pricing Information" clause defines which pricing terms and details are relevant to a particular transaction or agreement. It typically specifies the sources, schedules, or formulas that determine the prices to be charged, such as referencing a price list, market index, or negotiated rates. By clearly identifying the pricing information that governs the transaction, this clause ensures both parties understand the basis for charges and helps prevent disputes over payment amounts.
Applicable Pricing Information. For purposes of calculation of the Blended Price per Barrel of Oil and Feedstock in a Month, the Parties shall use the same elements or component information that are used for determining the Cargo Final Prices and any corrections or modifications that are required to account for difference between the estimates used in setting the Cargo Final Prices and the exact amounts that such estimates were seeking to approximate will be addressed pursuant to Clause 12 ▇▇▇▇▇ Cash Banks.