Common use of Directed Supplier Clause in Contracts

Directed Supplier. is a Supplier that was directed, suggested or otherwise specified by a Directing Buyer. If Supplier is a Directed Supplier: (i) Customer shall pay Supplier for Contract Products only following and to the extent of Customer's actual receipt of payment from a Buyer that directs, suggests or otherwise specifies a supplier for use by Customer (“Directing Buyer”) for Customer's products in which Contract Products are incorporated; (ii) any lengthening of any payment terms by the Directing Buyer shall automatically lengthen the payment terms to Supplier by like amount; (iii) within three (3) business days of any change in price, specifications or other terms negotiated or proposed between Supplier and the Directing Buyer, Supplier shall notify Customer in writing and shall immediately adjust its invoices to reflect any price reduction, provided however that no increase in price shall be binding on Customer without Customer's written consent and a com- mitment by the Directing Buyer to pay Customer a proportionately increased price for Customer's products sold to the Directing Buyer which incorporate Contract Products.

Directed Supplier. is a Supplier that was directed, suggested or otherwise specified by a Directing BuyerCustomer. If Supplier is a Directed Supplier: (i) Customer Buyer shall pay Supplier for Contract Products only following and to the extent of CustomerBuyer's actual receipt of payment from a Buyer Customer that directs, suggests or otherwise specifies a supplier for use by Customer Buyer (“Directing BuyerCustomer”) for CustomerBuyer's products in which Contract Products are incorporated; (ii) any lengthening of any payment terms by the Directing Buyer Customer shall automatically lengthen length‐ en the payment terms to Supplier by like amount; (iii) within three (3) business days of any change in price, specifications or other terms negotiated nego‐ tiated or proposed between Supplier and the Directing BuyerCustomer, Supplier shall notify Customer Buyer in writing and shall immediately adjust its invoices to reflect any price reduction, provided however that no increase in price shall be binding on Customer Buyer without CustomerBuyer's written consent and a com- mitment commitment by the Directing Buyer Customer to pay Customer Buyer a proportionately increased price for CustomerBuyer's products sold to the Directing Buyer Cus‐ tomer which incorporate Contract Products.