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.
Price Reduction. If at any time after the date of Bid Opening the Contractor makes a general price reduction in the comparable price of any Goods or service covered by the Contract to customers generally, an equivalent price reduction based on similar quantities and/or considerations shall apply to the Contract for the duration thereof, including any extensions. Such price reduction shall be effective at the same time and in the same manner as the reduction in the price to customers generally. For purpose of this provision, a “general price reduction” shall mean any horizontal reduction in the price of a Good or service offered
(1) to Contractor’s customers generally, or (2) in the Contractor’s price schedule for the class of customers generally comparable to Owner which was used as the basis for Contractor’s Bid. An occasional sale at a lower price, or sale of distressed merchandise at a lower price, would not be considered a “general reduction” under this provision. The Contractor shall submit its invoice at such reduced prices indicating on the invoice that the reduction is pursuant to the “Price Reduction” provision of the Contract Documents. The Contractor, in addition, will within ten (10) days of any general price reduction, Notify the Procurement Director/Procurement Agent of such reduction by letter. Failure to do so may lead to termination of the Contract. Upon receipt of any such Notice of a general price reduction all ordering offices will be duly notified by the Procurement Director/Procurement Agent. The Contractor, if requested, shall furnish, within ten (10) days after the expiration or termination of the Contract a statement certifying either (1) that no general price reduction, as defined above, was made after the date of the Bid Opening, or (2) if any such general price reductions were made, that as provided above, they were reported to the Procurement Director/Procurement Agent within ten (10) days, and ordering offices were billed at the reduced prices. Where one or more such general price reductions were made, the statement furnished by the Contractor shall include with respect to each price reduction (1) the date when notice of any such reduction was issued,
(2) the effective date of the reduction, and (3) the date when the Procurement Director/Procurement Agent was notified of any such reduction.
Price Reduction. If the Contractor has not succeeded, despite repeated attempts, in curing a defect, the Customer shall have the right to a proportional reduction in price. The price reduction shall compensate for the reduced value of what has been delivered, and shall be independent of any damages.
Price Reduction. The Agency may retain nonconforming Deliverables and equitably reduce the price of the contract based on the difference between the contracted for price and the fair market value of the nonconforming Deliverables.
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 it sole discretion may reduce the Exercise Price or extend the period during which this Warrant is exercisable.
Price Reduction. If the Consultant has not succeeded, despite repeated attempts, in curing a defect, the Customer may claim a proportional reduction in the contract price. The price reduction shall compensate for the reduced value of what has been delivered, and shall be independent of any damages.
Price Reduction. If the Contractor has not succeeded, despite repeated attempts, in curing the breach of contract, the Customer may claim a proportional price reduction.
Price Reduction. If at any time after the contract award, Consultant makes a general price reduction in the price of any of the Deliverables, the equivalent price reduction based on similar quantities and/or considerations shall apply to this Contract for the duration of the Contract period. For purposes of this Section 5.f., Price Reduction, a general price reduction shall include reductions in the effective price charged by Consultant by reason of rebates, financial incentives, discounts, value points or other benefits with respect to the purchase of the Deliverables. Such price reductions shall be effective at the same time and in the same manner as the reduction Consultant makes in the price of the Deliverables to its prospective customers generally.
Price Reduction. The Contract Price will be reduced by all amounts saved as a result of Engineering changes suggested by the Owner which are incorporated into the Specifications by the Vendor provided that the Vendor reasonably believes that such changes will not make it impossible or impracticable to comply with any of its obligations under this Contract, including, without limitation, those Vendor obligations relating to the performance criteria applicable to the System. Any reduction in Contract Price pursuant to the preceding sentence will be agreed upon promptly by the Owner and the Vendor. Failure of the Parties to mutually agree to such price reductions within ten (10) days from the date the Owner delivered written notice to the Vendor of the need for such price reduction due to incorporated Engineering changes will result in the automatic reference of such matter to dispute resolution in accordance with subsection 23.
1. During the pendency of any such dispute resolution prices payable pursuant to subsection 6.1 will be payable by the Owner to the Vendor at the reduced level pursuant to this subsection 6.2. If in accordance with subsection 23.1 such dispute resolution results in a finding that such price reduction was not in fact justified then the Owner will reimburse the Vendor the amounts that would otherwise have been payable to the Vendor during the pendency of such dispute resolution.
Price Reduction. Vendor shall notify the County at the time when the Vendor’s costs for items and/or supplies reduce due to stabilization in the market at which time prices for items on this contract shall be reduced accordingly. Failure by the Vendor to notify the County of a decrease in costs for items and/or supplies for which the Vendor was granted a price adjustment, may result in immediate termination of this contract and the County shall not be obligated to pay the Vendor the difference between the contract price and the price adjustment.
