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Common use of Price Verification Clause in Contracts

Price Verification. Customer will be allowed one (1) annual price verification at each delivering Operating Company for purchases made under this Agreement. The price verification will consist of reviewing computer reports documenting SYSCO's calculation of the Customer's invoice price and verification of the participating SYSCO Operating Company's delivered Cost. If requested, applicable Supplier invoices and accompanying freight invoices will also be made available. Price verification adjustments, if applicable, will be made utilizing the net of undercharges and overcharges to the Customer. The price verification process is subject to the following: a. Customer must request a price verification in writing at least twenty (20) business days prior to the suggested date of the price verification. This request must identify the thirty (30) items to be price verified and the period covered; b. The date and time of price verification must be to the mutual agreement of both parties; c. The price verification will be made at the delivering Operating Company's location; d. Support for the price verification may not be removed from the delivering Operating Company location; e. The period for which pricing is to be verified will not begin more than twelve (12) months prior to the date of the price verification, and will cover only one pricing period. Due to the extensive time and complexity associated with price verification, SYSCO will not permit computer generated price matching or electronic audits by or on behalf of Customers or any Third Party Provider to be used in lieu of the above price verification procedure.

Appears in 2 contracts

Samples: Master Distribution Agreement (Red Robin Gourmet Burgers Inc), Master Distribution Agreement (Red Robin Gourmet Burgers Inc)

Price Verification. Customer will be allowed one (1) annual price verification at each delivering Operating Company for purchases made under this Agreement. The price verification will consist of reviewing computer reports documenting SYSCO's ’s calculation of the Customer's ’s invoice price and verification of the participating SYSCO Operating Company's ’s delivered Cost. If requested, applicable Supplier invoices and accompanying freight invoices will also be made available. Price verification adjustments, if applicable, will be made utilizing the net of undercharges and overcharges to the Customer. The price verification process is subject to the following: a. Customer must request a price verification in writing at least twenty (20) business days prior to the suggested date of the price verification. This request must identify the thirty (30) items to be price verified and the period covered; b. The date and time of price verification must be to the mutual agreement of both parties; c. The price verification will be made at the delivering Operating Company's ’s location;, d. Support for the price verification may not be removed from the delivering Operating Company location; e. The period for which pricing is to be verified will not begin more than twelve three (123) months prior to the date of the price verification, and will cover only one pricing period. Due to the extensive time and complexity associated with price verification, SYSCO will not permit computer generated price matching or electronic audits by or on behalf of Customers or any Third Party Provider to be used in lieu of the above price verification procedure.

Appears in 1 contract

Samples: Master Distribution Agreement (Red Robin Gourmet Burgers Inc)

Price Verification. Customer will be allowed one two (12) annual price verification at each delivering Operating Company for purchases made under this Agreement. The price verification will consist of reviewing computer reports documenting SYSCO's calculation of the Customer's invoice price and verification of the participating SYSCO Operating Company's delivered Cost. If requested, applicable Supplier invoices and accompanying freight invoices will also be made available. Price verification adjustments, if applicable, will be made utilizing the net of undercharges and overcharges to the Customer. The price verification process is subject to the following: a. Customer must request a price verification in writing at least twenty (20) business days prior to the suggested date of the price verification. This request must identify the thirty fifteen (3015) items to be price verified and the period covered; ; b. The date and time of price verification must be to the mutual agreement of both parties; ; c. The price verification will be made at the delivering Operating Company's location; ; d. Support for the price verification may not be removed from the delivering Operating Company location; ; e. The period for which pricing is to be verified will not begin more than twelve three (123) months prior to the date of the price verification, and will cover only one pricing periodperiod-. Due to the extensive time and complexity associated with price verification, SYSCO will not permit computer generated price matching or electronic audits by or on behalf of Customers or any Third Party Provider to be used in lieu of the above price verification procedure.

Appears in 1 contract

Samples: Master Distribution Agreement (Creative Host Services Inc)

Price Verification. Customer will be allowed one (1) annual price verification at each delivering Operating Company for purchases made under this Agreement. There will be a limit of fifteen (15) items on any price verification. The price verification will consist of reviewing computer reports documenting SYSCO's ’s calculation of the Customer's ’s invoice price and verification of the participating SYSCO Operating Company's ’s delivered Cost. If requested, applicable Supplier invoices and accompanying freight invoices will also be made available. Price verification adjustments, if applicable, will be made utilizing the net of undercharges and overcharges to the Customer. The price verification process is subject to the following: a. Customer must request a price verification in writing at least twenty (20) business days prior to the suggested date of the price verification. This request must identify the thirty fifteen (3015) items to be price verified and the period covered; coverd; b. The date and time of price verification must be to the mutual agreement of both parties; ; c. The price verification will be made at the delivering Operating Company's ’s location; ; d. Support for the price verification may not be removed from the delivering Operating Company location; ; e. The period for which pricing is to be verified will not begin more than twelve three (123) months prior to the date of the price verification, and will cover only one pricing period. Due to the extensive time and complexity associated with price verification, SYSCO will not permit computer generated price matching or electronic audits by or on behalf of Customers or any Third Party Provider to be used in lieu of the above price verification procedureabove.

Appears in 1 contract

Samples: Master Distribution Agreement (Champps Entertainment Inc)