Price Escalation Clause. Buyer and Seller acknowledge COVID 19 and other market conditions have caused dramatic material and labor shortages. Consequently, material and labor suppliers have at times substantially increased prices. Therefore, Buyer and Seller agree that if Seller experiences a $2,000 or more increase in the costs of material or labor to be used in the construction of Property, Seller may request an increase in the purchase price of Property. Buyer shall have the right to refuse the increase, and Seller shall cancel Agreement if Buyer refuses the increase. Buyer agrees to accept or reject the price increase within five (5) calendar days of notification to Buyer or Buyer's agent. If Buyer does not agree to accept price increase or fails to respond by the end of the notification period, Seller shall cancel Agreement. Seller shall have the right to ask for a price increase at any and all times that increases are greater than $2,000 in the costs of material or labor. BUYER BUYER
Price Escalation Clause. Buyer and Seller acknowledge COVID 19 and other market conditions have caused dramatic material and labor shortages. Consequently, material and labor suppliers have at times substantially increased prices. Therefore, Buyer and Seller agree that if Seller experiences a $2,000 or more increase in the costs of material or labor to be used in the construction of Property, Seller may request an increase in the purchase price of Property. Buyer shall have the right to refuse the increase, and Seller shall cancel Agreement if Xxxxx refuses the increase subject to the terms of paragraph 4 (E) (C). Xxxxx agrees to accept or reject the price increase within five (5) calendar days of notification to Buyer or Xxxxx's agent. If Buyer does not agree to accept price increase or fails to respond by the end of the notification period, Seller shall cancel Agreement, and as mentioned elsewhere Construction Deposits are non-refundable if Agreement is cancelled. Seller shall have the right to ask for a price increase at any and all times that increases are greater than $2,000 in the costs of material or labor. BUYER BUYER
Price Escalation Clause. 40.1 The baseline prices are the prices in effect on the Effective Date of a Blanket Purchase order. The baseline pricing that will be used for the semiannual price review will refer to the prices established at the start of the contract or the most recently revised pricing if a price change had been triggered per the stipulations below. For example, if the contract starts in January 2023, this will be the baseline pricing used when evaluating the pricing in July 2023.
Price Escalation Clause. Note: If a price increase is to apply to the City’s optional contract extensions specify such in the space provided on each bid schedule. Note: If a price increase is to apply to the City’s optional contract extensions specify such in the space provided below. If no price increase is to apply, enter “0.”
Price Escalation Clause. 1. Pricing on the Products shall be held firm for the Contract Term.
Price Escalation Clause. Buyer and Seller acknowledge the market conditions have caused dramatic material and labor shortages. Consequently, material and labor suppliers have at times substantially increased prices. Therefore, Buyer and Seller agree that if Seller experiences a $2,000 or more increase in the costs of material or labor to be used in the construction of Property, Seller may request an increase in the purchase price of Property. Xxxxx agrees to accept or reject the price increase within five (5) calendar days of notification to Buyer or Xxxxx's agent. If Buyer does not agree to accept price increase or fails to respond by the end of the notification period, Seller shall terminate Agreement, and as mentioned elsewhere Construction Deposits are non-refundable if Agreement is terminated. Seller shall have the right to ask for a price increase at any and all times that increases are greater than $2,000 in the costs of material or labor. BUYER BUYER
