Price Concessions Sample Clauses

A Price Concessions clause defines the circumstances under which one party agrees to reduce the price of goods or services provided under a contract. Typically, this clause outlines the conditions that must be met for a concession to be granted, such as volume purchases, early payment, or the occurrence of specific events, and may specify the amount or percentage of the price reduction. Its core practical function is to provide flexibility in pricing, incentivize certain behaviors, and clarify the process for adjusting prices, thereby reducing the risk of disputes over pricing adjustments.
Price Concessions. Ikaria shall not, and shall ensure that its Affiliates and Licensees do not, sell or distribute the Product at a discount (including in the form of government mandated rebates) (with or without consideration) in return substantially for (i) concessions or consideration received in transactions involving products or services other than the Product or (ii) concessions from any government or governmental authority relating to products or services other than the Product.
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Price Concessions. (a) Notwithstanding any contrary provision in the Supply Agreement, for the period commencing April 1, 2002, and ending on ▇▇▇▇▇ ▇▇, ▇▇▇▇, ▇▇. ▇▇▇▇▇▇ shall sell milk and milk products to the Borrower at the following prices. (i) The price for milk will be the announced USDA milk component prices for each month, plus * (on and all inclusive basis, including handling, quality premium, administration, etc., but excluding the USDA Administrator's dues) (the "Milk Premium"), and (ii) The price for skim condensed will be the announced USDA milk component prices for each month plus * (the "Skim Condensed Premium"); provided, however, that Borrower shall not be responsible for or pay the Milk Premium or the Skin Condensed Premium on purchases for any month until such time as the aggregate savings on purchases for the month from not having to pay the same equals * (the "Total Allowable Monthly Savings"), after which time the Borrower shall pay the Milk Premium and the Skim Condensed Premium for purchases made during the balance of the month. The savings so enjoyed by the Borrower with respect to the Milk Premium and the Skim Condensed Premium are hereinafter referred to as the "Price Concessions". The prices referred to in (i) and (ii) above, and the amount of the Total Allowable Monthly Savings will be reviewed and renegotiated by St. Albans and the Borrower in good faith on or before January 1, 2005, for the fiscal year beginning April 1, 2006. (b) Notwithstanding anything to the contrary contained in Section 8.2(a) hereof, in the event the Acquisitions are not consummated by September 30, 2002 (or October 31, 2002 in the event the Acquisitions require the holding of a ▇▇▇▇▇▇▇ Farms shareholder meeting) for the amount of consideration (i.e. shares of Common Stock and the warrants) previously represented to St. Albans, then the obligation of St. Albans to extend the aforesaid pricing concessions shall terminate as of ▇▇▇▇▇ ▇▇, ▇▇▇▇, ▇▇▇ ▇▇. ▇▇▇▇▇▇ and the Borrower shall renegotiate, in good faith, new milk and milk product supply terms for the fiscal year beginning April 1,
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Price Concessions. For the calendar years ended December 31, 1999, 2000, 2001 and 2002, any yearly price concession or concessions implemented by a customer of the Buyer with respect to the Division's business as set forth on Schedule 4.4(b)(i) shall be paid by Seller to the Buyer in cash within 30 days of receipt of written notice from the Buyer of the amount of such concession. Such written notice shall specify in detail, as available to Buyer, the basis for such price concession or concessions. The Buyer shall conduct all negotiations regarding such price concessions and their payment with its customers in good faith consistent with the Business's past practices after a review of such price concessions by, and consultation with, Seller. Attached as Exhibit 4.4(b)(ii) is a history of the business's price concessions for fiscal years 1996, 1997 and 1998, which shall be utilized by Buyer and Seller solely as evidence of the Business's past practices. Notwithstanding the foregoing, in no event shall Seller be liable for more than $500,000 of such price concessions per customer per year. Notwithstanding anything in this Section 4.4(b) to the contrary, for the calendar years ended December 31, 1999 and 2000, Seller shall not be obligated to pay the portion of any price concession that relates to the period commencing on the Closing Date and ending on the first anniversary of the Closing Date if the First Year EBITDA is less than 8,500,000.
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Related to Price Concessions

  • Concessions Given current market conditions, the State is very interested in acquiring market concessions for this transaction. Any concessions, especially the timing of such, will be a major factor in assessing proposals received. Concessions may include reduced rent, free rent, moving allowances or any other item you are willing to incorporate into the proposal. Clearly a combination of these items may be included also.

  • The Concession 3.1.1. Subject to and in accordance with the provisions of this Agreement, Applicable Laws and Applicable Permits, the Authority, awards to the Concessionaire the concession set forth herein including exclusive right, license and authority to construct, operate and maintain the Project and provide Hospitality Services (the “Concession”), for the Concession Period, and the Concessionaire hereby accepts the Concession and agrees to implement the Project subject to and in accordance with the terms and conditions set forth in this Agreement. 3.1.2. Subject to and in accordance with the provisions of this Agreement, the Concession hereby granted shall oblige or entitle (as the case may be) the Concessionaire to: (a) the Right of Way, access and leave and license rights to use the Project Site for the purpose of developing the Project, to the extent conferred by the provisions of this Agreement; (b) design, finance, construct the Project during the Construction Period; (c) achieve Project COD in accordance with the provisions of Article 15.1 and subsequently, manage, operate and maintain the Resort and Project Infrastructure throughout the Concession Period; (d) provide Hospitality Services in accordance with the standards and terms set out in this Agreement, Applicable Laws, Applicable Permits and Good Industry Practice; (e) demand, collect and appropriate Revenue from the Users for using the Resort and availing of the Hospitality Services in accordance with this Agreement; (f) pay Concession Fee to the Authority in accordance with the provisions of Article 24; (g) perform and fulfil all the obligations of the Concessionaire under and in accordance with this Agreement; (h) bear and pay all costs, expenses and charges in connection with or incidental to the performance of the obligations of the Concessionaire under this Agreement; (i) appoint Contractors, sub-contractors, agents, advisors and consultants to carry out its obligations under this Agreement in accordance with its terms; (j) upon Termination of the Concession Period transfer the Project to the Authority in accordance with the terms of this Agreement; (k) neither assign, transfer or sub-let or create any lien or Encumbrance on this Agreement, or the Concession hereby granted or on the whole or any part of the Project Site, nor sell, transfer, exchange, lease or part possession thereof; (l) set all standards and frame and apply all internal policies, guidelines and procedures as may be appropriate for safety, security, development, management, operation or maintenance of the Project and the Project Site, subject only to the terms of this Agreement and in accordance with Applicable Permits, Applicable Laws and Good Industry Practice;

  • Concession A concession by the Borrower, after applicable notice and cure periods, under any one or more obligations in an aggregate monetary amount in excess of $100,000.

  • Sales Charges and Concessions On each purchase of Shares by Dealer (but not including the reinvestment of any dividends or distributions), Dealer shall be entitled to receive such dealer allowances, concessions, sales charges or other compensation, if any, as may be set forth in the Prospectus. Sales charge reductions and discounts may be available as provided in the Prospectus. To obtain any such reductions, the Company or its transfer agent must be notified promptly when a transaction or transactions would qualify for the reduced charge, and Dealer must submit information that is sufficient (in the discretion of the Company) to substantiate qualification therefor. The foregoing shall include advising Distributor of any Letter of Intent signed by Dealer’s customer or of any Right of Accumulation available to such customer. If Dealer fails to so advise the Fund, Dealer will be liable for the return of any commissions plus interest thereon. Rights of Accumulation (including rights under a Letter of Intent) are available, if at all, only as set forth in the Prospectus, and Dealer authorizes any adjustment to its account (and will be liable for any refund) to the extent any allowance, discount or concession is made and the conditions therefor are not fulfilled. Each price is always subject to confirmation and will be based upon the NAV next determined after receipt of an order that is in good form. If any Shares purchased are tendered for redemption or repurchased by the Fund for any reason within seven (7) business days after confirmation of the purchase order for such Shares, Dealer shall promptly refund the full sales load or other concession, and Dealer will forfeit the right to receive any compensation allowable or payable to it on such Shares. The Fund reserves the right to waive sales charges. Dealer represents that it is eligible to receive any such sales charges and concessions paid to it under this section.

  • Concession Fee In consideration of the grant of Concession, the Concessionaire shall pay to the Authority by way of concession fee (the “Concession Fee”) a sum of Re. 1 (Rupee one) per annum.