Common use of PRICE REGULATION PRINCIPLE Clause in Contracts

PRICE REGULATION PRINCIPLE. Licensor endeavors to ensure that our prices are stable and competitive. The total annual price that the Licensee pays for the System can be adjusted by Licensor with 30 days' notice. Licensor undertakes that the maximum price adjustment is limited by the development in Statistics Denmark's net price index since the previous price regulation. The maximum percentage price adjustment is calculated as (New Index - Old Index)/Old Index * 100, where x Old Index is the net price index that was valid for the month when the latest price adjustment was announced x New Index is the latest published net price index at the time the price adjustment is announced It should be noted that the individual elements included in the Licensee's solution may be adjusted with a larger percentage, but the total annual price for the Licensee does not change by more than this calculated maximum.

PRICE REGULATION PRINCIPLE. Licensor endeavors to ensure that our prices are stable and competitive. The total annual price that the Licensee pays for the System can be adjusted by Licensor with 30 days' notice. Licensor undertakes that the maximum price adjustment is limited by the development in Statistics Denmark's net price index since the previous price regulation. The maximum percentage price adjustment is calculated as (New Index - Old Index)/Old Index * 100, where x • Old Index is the net price index that was valid for the month when the latest price adjustment was announced x • New Index is the latest published net price index at the time the price adjustment is announced It should be noted that the individual elements included in the Licensee's solution may be adjusted with a larger percentage, but the total annual price for the Licensee does not change by more than this calculated maximum.

PRICE REGULATION PRINCIPLE. Licensor VENTU endeavors to ensure that our prices are stable and competitive. The total annual price that the Licensee pays for the System can be adjusted by Licensor VENTU with 30 days' notice. Licensor VENTU undertakes that the maximum price adjustment is limited by the development in Statistics Denmark's net price index since the previous price regulation. The maximum percentage price adjustment is calculated as (New Index - Old Index)/Old Index * 100, where x Old Index is the net price index that was valid for the month when the latest price adjustment was announced x New Index is the latest published net price index at the time the price adjustment is announced It should be noted that the individual elements included in the Licensee's solution may be adjusted with a larger percentage, but the total annual price for the Licensee does not change by more than this calculated maximum.