Product Changes and Price Protection Sample Clauses

Product Changes and Price Protection. 3.1 In the event that Supplier shall (a) sell any additional Product not set forth in the Agreement (b) introduce a new version or materially change the specifications or packaging of, or discontinue any Product, or (c) change the Suggested List Price of any Product, Supplier shall notify Distributor at least as quickly as Supplier notifies any other customer of Supplier. Such notice shall be sent via certified mail, Federal Express or other express mail service, to the Product and Inventory Management Department of Distributor. 3.2 In the event that the Purchase Price of any Product is reduced through a reduction in the Suggested List Price of such Product or any other price or Discount reduction is made by Supplier, on a temporary or permanent basis to any other distributor, Supplier will credit to Distributor an amount equal to the product of (a) the difference between the new Purchase Price and the former Purchase Price for such Product and (b) the number of units of such Product then in Distributor's Inventory or Distributor's Retail Division Customers' inventory, such credit to be paid as set forth in accordance with the procedure specified in Section 6.2 hereof. All orders in transit and unshipped orders already scheduled by Supplier for Product affected by such price reduction shall be automatically adjusted by Supplier to reflect such decrease. If the purchase price of any Product is increased, Supplier shall honor any Distributor purchase orders placed prior to the effective date of the increase at the price in effect immediately prior to the time the increase is announced.
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Related to Product Changes and Price Protection

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