Supply Chain Price Adjustment Sample Clauses

Supply Chain Price Adjustment. (a) To the extent permitted by law, at any time, if there is a material increase in the actual costs or out of pocket amounts incurred by the Retailer in performing the Solar System Installation (in whole or part): (i) the Retailer may notify the Owner of the proposed increase to the Total Price Payable (Price Increase Notice); (ii) the Owner must, within 5 business days of receiving the Price Increase Notice, provide Notice that it: (A) accepts the proposed increase to the Total Price Payable (Price Increase Acceptance Notice); or (B) rejects the proposed increase to the Total Price Payable and wishes to terminate the Contract (Price Increase Termination Notice). (b) If the Owner does not respond within 5 days as required under clause 6.2(a), the Owner is deemed to have issued a Price Increase Acceptance Notice. (c) Where a Price Increase Acceptance Notice is issued, the Total Price Payable will be increased by the amount set out in the Price Increase Notice.
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Supply Chain Price Adjustment. (a) To the extent permitted by law, at any time, if there is a material increase in the actual costs or out of pocket amounts incurred by SunEnergy in performing the System Installation (in whole or part): (i) SunEnergy may notify the Owner of the proposed increase to the Total Price Payable (Price Increase Notice); (ii) the Owner must, within 5 business days of receiving the Price Increase Notice, provide Notice that it: (A) accepts the proposed increase to the Total Price Payable (Price Increase Acceptance Notice); or (B) rejects the proposed increase to the Total Price Payable and wishes to terminate the Contract (Price Increase Termination Notice). (b) If the Owner does not respond within 5 days as required under clause 6.2(a), the Owner is deemed to have issued a Price Increase Acceptance Notice.

Related to Supply Chain Price Adjustment

  • Price Adjustment Civil works contracts of long duration (more than 18 months) shall contain an appropriate price adjustment clause.

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