Common use of Price Reductions Clause in Contracts

Price Reductions. 1. The contractor may waive any non-recurring charge, including an installation or Service Initiation Charge or a Cancellation Charge (CC), at any time, to any customer. 2. The contractor may reduce contract prices at any time. Price reductions shall be subject to the following conditions: a. The contractor shall propose all price reductions to the GSA PCO. b. The proposed price reduction shall become effective on the first day of the next invoicing period after the execution of a bilateral contract modification.

Appears in 2 contracts

Samples: Indefinite Delivery Indefinite Quantity Contract, Indefinite Delivery Indefinite Quantity Contract

AutoNDA by SimpleDocs

Price Reductions. 1. The contractor may waive any non-recurring non‐recurring charge, including an installation or Service Initiation Charge or a Cancellation Charge (CC), at any time, to any customer. 2. The contractor may reduce contract prices at any time. Price reductions shall be subject to the following conditions: a. The contractor shall propose all price reductions to the GSA PCO. b. The proposed price reduction shall become effective on the first day of the next invoicing period after the execution of a bilateral contract modification.

Appears in 2 contracts

Samples: Indefinite Delivery Indefinite Quantity Contract, Indefinite Delivery Indefinite Quantity Contract

Price Reductions. 1. The contractor may waive any non-recurring charge, including an installation or Service Initiation Charge or a Cancellation Charge (CC), at any time, to any customer. 2. The contractor may reduce contract prices at any time. Price reductions shall be subject to the following conditions: a. The contractor shall propose all price reductions to the GSA PCO. b. The proposed price reduction shall become effective on the first day of the next invoicing period after the execution of a bilateral contract modification.

Appears in 1 contract

Samples: Indefinite Delivery Indefinite Quantity Contract

AutoNDA by SimpleDocs

Price Reductions. 1. The contractor may waive any non-recurring charge, including an installation or Service Initiation Charge or a Cancellation Charge (CC), at any time, to any customer. 2. The contractor may reduce contract prices at any time. Price reductions shall be subject to the following conditions: a. The contractor shall propose all price reductions to the GSA PCO. b. The proposed price reduction shall become effective on the first day of the next invoicing period after the execution of a bilateral contract modification.

Appears in 1 contract

Samples: Indefinite Delivery Indefinite Quantity Contract

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!