Pricing Validation Clause Samples

The Pricing Validation clause establishes the process by which the prices set forth in an agreement are reviewed and confirmed for accuracy and compliance. Typically, this clause allows one or both parties to verify that the pricing aligns with agreed terms, market standards, or regulatory requirements, and may outline steps for resolving discrepancies, such as requiring supporting documentation or conducting audits. Its core practical function is to ensure transparency and fairness in pricing, thereby reducing the risk of disputes and protecting both parties from errors or intentional mispricing.
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Pricing Validation. The foregoing provisions for conducting audits shall not be construed to preclude Division or any Purchaser from conducting regular, limited in scope reviews of charges by Vendor for purchases under this Agreement to validate accurate invoicing, and requesting that Vendor correct any inaccurate invoices discovered by such review. Vendor shall also have the right to conduct regular, limited in scope reviews of any amounts charged by Division (such as Rebates) under this Agreement to validate accurate invoicing, and requesting that Division correct any inaccurate invoices discovered by such review. The Parties acknowledge that any reviews under this Section 14.4.6 shall be conducted via data exchange between Division or Purchaser and Vendor, and shall not be conducted on the premises of a Party or a Purchaser. In addition, the Parties agree that the above limited reviews shall only be undertaken when the Party or Purchaser requesting the review has a good faith dispute with a particular invoice.
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Pricing Validation. The foregoing provisions for conducting audits shall not be construed to preclude Division or any Purchaser from conducting limited-in- scope reviews of charges by Vendor for purchases under this Agreement to validate accurate invoicing, and requesting that Vendor correct any inaccurate invoices discovered by such review. For clarification purposes, such reviews will not be conducted at Vendor’s premises or offices.
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Pricing Validation. The foregoing provisions for conducting audits shall not be construed to preclude HPG or any Purchaser from conducting limited-in-scope reviews of charges by Vendor for purchases under this Agreement to validate accurate invoicing, and requesting that Vendor correct any inaccurate invoices discovered by such review. For clarification purposes, such reviews will not be conducted at Vendor’s premises or offices.
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Related to Pricing Validation

  • PRICING STRUCTURES Licenses and Support Services for the Licensed Programs to which this OST applies are granted according to the pricing structures mentioned in the related Transaction Document. Standard pricing structures are defined in the section “DEFINITIONS” of this OST, even though those pricing structures may not be applicable to the DS Offerings to which this OST applies. Other pricing structures may be made available on a case by case basis.

  • Commercial Price List Reductions Where NYS Net Prices are based on a discount from Contractor’s list prices, price decreases shall take effect automatically during the Contract term and apply to Purchase Orders submitted on or after the date Contractor lowers its pricing to its customers generally or to similarly situated government customers during the Contract term; or

  • Pricing and Portfolio Valuation All expenses of computing the Fund 's net asset value per share, including any equipment or services obtained for the purpose of pricing shares or valuing the Fund 's investment portfolio.

  • Validation In respect to applications for leave made pursuant to this Article, the employee may be required to provide satisfactory validation of the circumstances necessitating such requests.

  • Pricing Errors Any material errors in the calculation of net asset value, dividends or capital gain information shall be reported immediately upon discovery to the Company. An error shall be deemed "material" based on our interpretation of the SEC's position and policy with regard to materiality, as it may be modified from time to time. Neither the Trust, any Fund, the Distributor, nor any of their affiliates shall be liable for any information provided to the Company pursuant to this Agreement which information is based on incorrect information supplied by or on behalf of the Company or any other Participating Company to the Trust or the Distributor.