Common use of Favorable Pricing Guarantee Clause in Contracts

Favorable Pricing Guarantee. Supplier represents and warrants to Snap-on that the prices paid by Snap-on are as low as the prices at which Supplier is currently selling similar products to comparable customers in similar quantities. If Supplier makes a general price reduction during the term of this Agreement for the Products (or substantially similar products), such price reduction will apply automatically and without request or demand by Snap-on to all POs issued after the date of the general price reduction.

Appears in 8 contracts

Samples: Supplier Agreement, Supplier Agreement, Supplier Agreement

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