Conditions to Commencement of a Price Redetermination Clause Samples

Conditions to Commencement of a Price Redetermination. A Price Redetermination may be undertaken only if all five (5) of the following conditions are satisfied: Threshold; (i) The request of either Party for a Price Redetermination; (ii) The end of Agreement Year 10; (iii) The existence of the Minimum Qualifying Transaction (iv) The existence of ten (10) Eligible Transactions; and (v) Any previous Price Redetermination is either (A) At least ten (10) years prior; or (B) Based on fifteen (15) or fewer Eligible Transactions and thereafter, twenty (20) or more Eligible Transactions become available.