Price Erosion Sample Clauses

The Price Erosion clause is designed to protect buyers from paying more than necessary if the seller reduces prices or offers better terms to other customers after a sale. Typically, this clause requires the seller to adjust the price retroactively or provide a refund or credit if the same goods or services are sold to others at a lower price within a specified period. Its core function is to ensure price fairness and competitiveness, preventing the buyer from being disadvantaged by subsequent price reductions.
Price Erosion. Notwithstanding anything contained herein to the contrary, commencing on ***, Supplier will ***. For the avoidance of doubt, the terms of this Section ***.
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Price Erosion. Either Genpharm or PRI may terminate this agreement in respect of a particular Product (the "Specific Product") on 120 days prior written notice to the other party if, in any calendar year, the Gross Profits derived from Net Sale of such Specific Product is less than 20% of the Gross Sales of the Specific Product during such period.
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Price Erosion. The final elements of damages that I address in this report are past and future price erosion caused by ▇▇▇▇▇▇'s infringement. By past price erosion, I mean the reduction in sales prices (and profits) of Quickturn on sales Quickturn made prior to July 1, 1998. In contrast, future price erosion constitutes the reduction in sales prices (and profits) of Quickturn for a limited (five-year) time period after June 30, 1998.
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Price Erosion. Either Genpharm or Resources may terminate this agreement in respect of a particular Product (the "Specific Product") on 120 days prior written notice to the other party if, in any calendar year, the Gross Profits derived from Net Sale of such Specific Product is less than 20% of the Gross Sales of the Specific Product during such period.
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Related to Price Erosion

  • PRICE REVISION If a price revision index is provided in Article I.5.2, this Article applies to it. Prices are fixed and not subject to revision during the first year of the FWC. At the beginning of the second and every following year of the FWC, each price may be revised upwards or downwards at the request of one of the parties. A party may request a price revision in writing no later than three months before the anniversary date of entry into force of the FWC. The other party must acknowledge the request within 14 days of receipt. At the anniversary date, the contracting authority must communicate the final index for the month in which the request was received, or failing that, the last provisional index available for that month. The contractor establishes the new price on this basis and communicates it as soon as possible to the contracting authority for verification. The contracting authority purchases on the basis of the prices in force at the date on which the specific contract enters into force. The price revision is calculated using the following formula: Ir Pr = Po x ( — ) Io where: Pr = revised price; Po = price in the tender; Io = index for the month in which the FWC enters into force; Ir = index for the month in which the request to revise prices is received.

  • Unit Price Work Work to be paid for on the basis of unit prices as defined and described in the Contract Documents. A percentage markup for overhead or profit shall be included in all unit prices.

  • PRICE CEILING Although Contractor may offer lower prices to Purchasers, during the term of this Contract, Contractor guarantees to provide the Services at no greater than the prices set forth in Exhibit B – Prices for Services.

  • Fuel The Vehicle must be returned with the amount of fuel equal to that at the time of the commencement of the rental. If the Vehicle is returned with less fuel, the difference will be charged to You at a rate of $5.00 per litre (which includes a service component).

  • Price Reduction Notwithstanding any other provision set forth in this Warrant, at any time and from time to time during the period that this Warrant is exercisable, the Company in its sole discretion may reduce the Purchase Price or extend the period during which this Warrant is exercisable.