PRICING AND ADJUSTMENT Sample Clauses
The PRICING AND ADJUSTMENT clause establishes how the prices for goods or services under the contract are set and outlines the conditions under which those prices may be modified. Typically, this clause details the initial agreed-upon pricing structure and specifies mechanisms for adjustments, such as changes due to fluctuations in material costs, labor rates, or regulatory requirements. Its core function is to provide a clear framework for managing price changes during the contract term, thereby reducing disputes and ensuring both parties understand how and when pricing may be revised.
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PRICING AND ADJUSTMENT. Prices for work shall not be subject to increase throughout the Contract period unless agreed to in writing by WAHBE. Should WAHBE decide to extend the Contract as permitted above, rates may be negotiated for adjustments in pricing for any subsequent terms; however, rate increases may not exceed the current Consumer Price Index at the time of the request or up to a maximum 5% increase on the current pricing, whichever is lower.
PRICING AND ADJUSTMENT. Unless otherwise stipulated prices quoted shall not be subject to increase throughout the initial contract period. Should the WAHBE decide to extend the Contract for an additional year(s) rates will be negotiated for adjustments in pricing for any subsequent terms, however, rate increases may not exceed five percent (5%).
PRICING AND ADJUSTMENT. (a) General Contractor shall be compensated for rendering the Services hereunder at the prices set forth in Exhibit E — Pricing Schedules (the “Pricing Schedules”). Customer will deliver an Allocation Model to Contractor for billing on or before the 30th day prior to the close of the first Billing Cycle; provided, however, that if Customer fails to provide an Allocation Model by such date and until 30 days after such Allocation Model is so provided, Contractor shall be entitled to allocate all allocable charges hereunder pro rata to the Users, and shall invoice such Users accordingly. Thereafter, Customer may change the Allocation Model on 30 days written notice period. Except as provided in a Statement of Work or as otherwise specifically provided hereunder, Contractor will not increase the prices set forth in the Pricing Schedules during the Initial Term of this Agreement. Thereafter, the prices for Services may be increased upon not less than 90 days prior written notice to Customer; provided, however, that (i) any such price increase will not exceed the total percentage increase, if any, in the CPI for the twelve month period immediately preceding Contractor’s proposed price increase, or eight percent (8%), whichever is less and (ii) prices may not be increased more than once in any twelve month period.
(b) One Time Credit Contractor shall on or before December 31, 2005 pay, by way of credit, the amount of USD$[* * *], which equals CA$[* * *] under the then-current conversion factor required under Exhibit E, (the “One Time Credit”) for the benefit of, and for distribution among, the Users who are shareholders of the Customer (the “Canadian Users”). The One Time Credit shall be payable by Contractor in the manner stipulated in writing by the Customer in a direction delivered to Contractor, which direction shall be delivered to Contractor no later than November 30, 2005. For greater certainty, the Parties expressly acknowledge and agree that the One Time Credit may, in the sole discretion of the Customer expressed in the direction described in the immediately preceding sentence, be payable by Contactor: (i) by way of credit against future Canadian User payment obligations to Contractor (as directed by the Customer); or (ii) by way of payment to the Customer of the One Time Credit (or a combination of (i) and (ii)), within thirty (30) days of receipt by Contractor of the direction described in this Section 6.1(b). For greater certainty, if the amount of a...
PRICING AND ADJUSTMENT of the Contractor Services Agreement is hereby amended by renumbering “Section 6.1 General” as “Section 6.1(a)”, and adding the following:
PRICING AND ADJUSTMENT. This Agreement is intended to (i) guarantee EdgeMarc a dedicated USWS frac fleet for the contract term and (ii) guarantee USWS a dedicated source of work for the contract term. The prices referenced in the bid document dated February 16, 2014 will remain in effect for the entire contract period. However, USWS may adjust such pricing if there is a [***] change in cost (increase or decrease) realized by USWS from delivery of raw materials (i.e. sand, chemicals and/or fuel). USWS may adjust costs up or down accordingly and must be agreed to by EdgeMarc. Price adjustments will not be allowed more than twice per year.
PRICING AND ADJUSTMENT. (a) Subject to the terms and conditions set forth herein, for a period of twelve (12) months from the date hereof, the Offerees, severally and not jointly, would be interested in receiving one or more offers by the Company to acquire Shares for an aggregate purchase price of up to Thirty Million Dollars ($30,000,000) at a per Share purchase price equal to the Average Price on the applicable offer date (the "PURCHASE PRICE").
(b) During the twelve (12) months from the date hereof, the Company may offer to the Offerees from time to time Shares (the "OFFER(S)") by delivering to the Offerees a written offer indicating the aggregate Purchase Price for Shares offered pursuant to such Offer ("OFFER NOTICE"), PROVIDED, that, the Company may not deliver more than one (1) Offer Notice during any thirty (30) day period. The closing of each accepted Offer shall take place two (2) Trading Days following the indication in writing of an Offeree of its acceptance to purchase its pro-rata portion of the Shares subject to an Offer (the "CLOSING DATE").
(c) If the Average Price on the Trading Day immediately preceding the receipt by the Offerees of the respective Offer Notice shall (i) be less than $5.50, then the aggregate Purchase Price of the applicable Offer shall be Three Million Dollars ($3,000,000), (ii) be between $5.50 and $6.00, then the aggregate Purchase Price of the applicable Offer shall be Three Million Five Hundred Thousand Dollars ($3,500,000) and (iii) exceed $6.00, then the aggregate Purchase Price of the applicable Offer shall be Four Million Dollars ($4,000,000).
(d) The closing of each accepted Offer shall take place on the applicable Closing Date at the offices of Pillsbury Madison & Sutro LLP, ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, San Francisco, CA 94104. At each Closing Date, the Company will deliver stock certificates registered in the name of each Offeree representing the Shares to be sold to such Offeree and each Offeree shall deliver the Purchase Price for the Shares being purchased by it in United States dollars in immediately available funds by wire transfer to an account designated in writing by the Company for such purpose. An Offeree shall have the option to require the Company to deliver the Shares purchased by it to The Depositary Trust Company on such Offeree's behalf.
(e) If on any Settlement Date, (i) the Purchase Price shall exceed the Settlement Date Price, then the Company shall issue to each Offeree, on a pro rata basis, a number of Shares equal t...
PRICING AND ADJUSTMENT