Commitment, Price and Payment Clause Samples

Commitment, Price and Payment. 4.1 Commitment and Price. SNAPSHOT shall purchase US$50,000 in Product at the then applicable discount from Synercard within twelve (12) months of the Effective Date. Synercard will provide SNAPSHOT with discounted prices applicable to the agreed quantity of the Product purchased per quarter. Minimum quarterly commitments are set out in Schedule C. Should SNAPSHOT not meet its quarterly commitment to Synercard, Synercard shall reserve the right to adjust the discount on future purchases and or terminate this Agreement, whichever Synercard deems to be appropriate.