Material and Packaging Price Adjustments Clause Samples

Material and Packaging Price Adjustments. The price to be paid for the Products shall be an amount equal to the sum of (a) the total per pound price for the Product listed on attached Exhibit A (Revised), and (b) an amount reasonably determined by Seller immediately prior to the beginning of each calendar year during the term that represents Seller's current increase or decrease in the cost for raw materials and packaging over the ensuing twelve (12) month period, except (a) in the case of the raw materials and packaging items listed on attached Exhibit D, costs adjustments shall be made thirty (30) days before the start of each calendar quarter during the term (and, in connection with "flour" and "sugar", cost adjustments shall be based on the current market price for "bagged sugar" and "bagged flour"), and (b) each periodic adjustment shall be made, based on Buyer's forecasted purchases under Paragraph 7(b) below, only if it exceeds one thousand dollars ($1000) in the aggregate.