Common use of Purchase Review Clause in Contracts

Purchase Review. If requested by Saint Luke’s, purchase activity under this Agreement shall be reviewed on a quarterly basis, commencing ninety (90) days after the Effective Date hereof. Upon completion of each ninety (90) day period, the parties shall schedule a review of activity under this Agreement concerning market conditions affecting price, utilization, availability of the Products and technological advances relevant to the Products during such ninety (90) day period. Upon completion of such review, Saint Luke’s may notify Company of a proposed price change, change of Products subject to then effective PAs, or other adjustment to the terms of this Agreement. Promptly upon delivery of such notice, the parties shall negotiate the proposed revisions to the Agreement and, if the parties have not reached agreement within thirty (30) days of delivery of such notice, Saint Luke’s may terminate this Agreement upon sixty (60) days’ written notice to Company without penalty.

Purchase Review. If requested by Saint Luke’s, purchase activity under this Agreement shall be reviewed on a quarterly basis, commencing ninety (90) days after the Effective Date hereof. Upon completion of each ninety (90) day period, the parties shall schedule a review of activity under this Agreement concerning market conditions affecting price, utilization, availability of the Products Equipment and technological advances relevant to the Products Equipment during such ninety (90) day period. Upon completion of such review, Saint Luke’s may notify Company of a proposed price change, change of Products Equipment subject to then effective PAs, or other adjustment to the terms of this Agreement. Promptly upon delivery of such notice, the parties shall negotiate the proposed revisions to the Agreement and, if the parties have not reached agreement within thirty (30) days of delivery of such notice, Saint Luke’s may terminate this Agreement upon sixty (60) days’ written notice to Company without penalty.