Common use of Price Guarantees Clause in Contracts

Price Guarantees. Prices herein are guaranteed by Supplier against manufacturer's or Supplier's own price decline and against legitimate competition until date of shipment. In the event that prior to final shipment under this order, Supplier sells or offers to sell to others goods substantially of the same kind as ordered herein at lower prices and/or on terms more favorable to a third party than those stated in this order, the prices and/or terms herein shall be deemed automatically revised to equal the lowest prices and/or most favorable terms at which Supplier shall have sold or shall have offered such goods and payments shall be made accordingly. In the event Purchaser shall become entitled to such lower prices, but shall have made payment at any price in excess thereof, Supplier shall promptly refund the difference in price to Purchaser. Supplier agrees to meet the price of legitimate competition. The prices to Purchaser set forth in this order include all taxes whether or not set forth separately. If any manufacturer's excise or other similar or different taxes are paid on the goods described in this order and if such tax, or any part thereof, is refunded to Supplier, than Supplier shall immediately pay Purchaser the amount of such refund. In the event that a court or regulatory agency or body finds that the prices herein are in excess of that allowed by any law or regulation of any governmental agency, the prices herein shall be automatically revised to equal a price which is not in violation of said law or regulations. If Purchaser shall have made payment before it is determined that there has been a violation, Supplier shall promptly refund an amount of money equal to the difference between the price paid for the goods and a price which is not in violation of said regulations.

Appears in 2 contracts

Samples: Supplier Agreement, Supplier Agreement (Rockford Corp)

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Price Guarantees. Prices herein are guaranteed by Supplier Seller against manufacturer's or SupplierSeller's own price decline and against legitimate competition until date of shipment. In the event that prior to final shipment under this order, Supplier order Seller sells or offers to sell to others other goods substantially of the same kind as ordered herein at lower prices and/or and or on terms items more favorable to a third party than those stated in this order, the prices and/or and or terms herein shall be deemed automatically revised to equal the lowest prices and/or and or most favorable terms at which Supplier Seller shall have sold or shall have offered such goods and payments shall be made accordingly. In the event Purchaser shall become entitled to such lower prices, but shall have made payment at any price in excess thereof, Supplier Seller shall promptly refund the difference in price to Purchaser. Supplier Seller agrees to meet the price of legitimate competition. The prices to Purchaser set forth in this order include all taxes whether or not set forth separately. If , if any manufacturer's excise or other similar or different taxes are paid on the goods described in this order and if such tax, or any part thereof, is refunded to SupplierSeller, than Supplier Seller shall immediately pay Purchaser the amount of such refund. In the event that a court or regulatory agency or body finds that the prices herein are in excess of that allowed by any law or regulation of any governmental agency, the prices herein shall be automatically revised to equal a price which is not in violation of said law or regulations. If Purchaser purchaser shall have made payment before it is determined that there has been a violation, Supplier Seller shall promptly refund an amount of money equal to the difference between the price paid for the goods and a price which is not in violation of said regulations. 9. DATING: ALL DATING SHALL BEGIN AT THE DATE OF RECEIPT OF THE GOODS BY PURCHASER. ON ALL E.O.M. DATINGS, GOODS RECEIVED AFTER THE 24TH OF ANY MONTH SHALL BE PAYABLE AS IF RECEIVED IN THE FOLLOWING MONTH. INVOICES SHOULD BE MAILED ON THE SAME DAY GOODS ARE SHIPPED AND SHALL DATE FROM PURCHASER'S RECEIPT OF THE GOODS. CASH DISCOUNT WILL BE CALCULATED ON THE GROSS AMOUNT OF VENDOR'S INVOICE. 10. PURCHASER RESERVES THE RIGHT TO TAKE ANTICIPATION, AT PREVAILING RATE, ON ANY INVOICES PAID BEFORE DUE DATE. 11.

Appears in 1 contract

Samples: Before Agreement

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Price Guarantees. Prices herein are guaranteed by Supplier Seller against manufacturer's or SupplierSeller's own price decline and against legitimate competition until date of shipment. In the event that prior to final shipment under this order, Supplier order Seller sells or offers to sell to others other goods substantially of the same kind as ordered herein at lower prices and/or and or on terms items more favorable to a third party than those stated in this order, the prices and/or and or terms herein shall be deemed automatically revised to equal the lowest prices and/or and or most favorable terms at which Supplier Seller shall have sold or shall have offered such goods and payments shall be made accordingly. In the event Purchaser shall become entitled to such lower prices, but shall have made payment at any price in excess thereof, Supplier Seller shall promptly refund the difference in price to Purchaser. Supplier Seller agrees to meet the price of legitimate competition. The prices to Purchaser set forth in this order include all taxes whether or not set forth separately. If , if any manufacturer's excise or other similar or different taxes are paid on the goods described in this order and if such tax, or any part thereof, is refunded to SupplierSeller, than Supplier Seller shall immediately pay Purchaser the amount of such refund. In the event that a court or regulatory agency or body finds that the prices herein are in excess of that allowed by any law or regulation of any governmental agency, the prices herein shall be automatically revised to equal a price which is not in violation of said law or regulations. If Purchaser purchaser shall have made payment before it is determined that there has been a violation, Supplier Seller shall promptly refund an amount of money equal to the difference between the price paid for the goods and a price which is not in violation of said regulations.

Appears in 1 contract

Samples: Vendor Agreement (Ourpets Co)

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