Quarterly Price Sample Clauses
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Quarterly Price. Pricing for the Phase One Product, including any Phase One Product produced at the Production Facility prior to the Commencement of Commercial Production, will be set Quarterly (the "Quarterly Price"), as set forth in Section 4.2. Once the Quarterly Price is established, such price will be fixed for the duration of the relevant Quarter, and GM will communicate the Quarterly Price in writing to all GM Buyers purchasing Product during such Quarter, and shall provide a copy of such notice to Supplier. The Quarterly Price shall not include duties, tariffs, taxes, or other government-imposed charges applied to the sale of the Product hereunder, all of which will be invoiced by Supplier and paid by GM or the Designated Purchaser, as applicable.
Quarterly Price. The price paid by Purchaser for Product delivered during any calendar quarter during the Term shall be the Quarterly Price. Within twenty (20) days after the end of every calendar quarter, Seller and Purchaser shall compute the Final Quarterly Price. If the Final Quarterly Price is greater than the Quarterly Price paid for such calendar quarter, then Purchaser shall remit to Seller the additional amount owed by Purchaser within fifteen (15) days after the calculation. If the Final Quarterly Price is less than the Quarterly Price paid for such calendar quarter, then Seller shall remit to Purchaser the amount of such overage, and if Seller fails to remit such amount within fifteen (15) days after the calculation of such overage, Purchaser shall have the right to offset the overage against amounts next due and owing to Seller under this Agreement. An example of the pricing mechanism set forth herein is set forth on Schedule 11 attached hereto.