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Best Price definition

Best Price means the highest price in the case of an offer to buy and the lowest price in the case of an offer to sell;
Best Price means Best Price as set forth in 42 USC 1396r-8; as such statute may be amended from time to time, excluding State Supplemental Rebate amounts.
Best Price means, with respect to a single source drug or innovator mul- tiple source drug of a manufacturer (in- cluding any drug sold under an NDA approved under section 505(c) of the FFDCA), the lowest price available from the manufacturer during the re- bate period to any entity in the United States in any pricing structure (includ- ing capitated payments), in the same quarter for which the AMP is com- puted. Best price shall be calculated to include all sales and associated re- bates, discounts and other price con- cessions provided by the manufacturer to any entity unless the sale, discount, or other price concession is specifically excluded by statute or regulation or is provided to an entity specifically ex- cluded by statute or regulation from the rebate calculation.

Examples of Best Price in a sentence

  • The Best Price Rule is generally applied to all trades executed by portfolio managers, research analysts and traders.

  • An award will be made on a Best Price, Lowest Responsible and Responsive bidder determination for each lot.

  • This discount will not apply to any of the core items listed in the Best Price portion of this bid unless the discount in the Multiple Award section is more than the discount in the Best Price section.

  • This adjustment can be applied for a given quarter, up to three years after the end of the quarter.Participant agrees to return any discounts received under the individual Product Program to the extent necessary to prevent Merck from establishing a new Best Price for any individual Product.

  • Subcontractor certifies they have provided their Best Price to MSI and that no other Contractor/Buyer has received a lower price for comparable services or volume of similar supplies.


More Definitions of Best Price

Best Price means Best Price as set forth in 42 U.S.C. § 1396r-8; as such statute may be amended from time to time.
Best Price means Best Price as set forth in 42 U.S.C. §1396r-8 and final regulations promulgated by CMS, if any, as such statute or regulations may be amended from time to time.
Best Price means the lowest available price for the goods and/or services that are subject of a solicitation.
Best Price shall have the meaning set forth in Section 1927(c)(1)(C) of the Act as implemented by 42 C.F.R. 447.505.
Best Price means the Best Price as defined in Section 1927(c)(1)(C) of the Social Security Act, 42 U.S.C. Section 1396r-8(c)(1)(C), and final regulations promulgated by CMS, as such statute or regulations may be amended from time to time. The Best Price shall exclude rebates paid under this Agreement.
Best Price means the “best price” as defined in 42 U.S.C. § 1396r-8(c)(1)(C) and any regulations and guidance promulgated thereunder, including 42 C.F.R. § 447.500 et seq.
Best Price shall have the meaning set forth in 42 U.S.C. §1396r-8 as implemented by 42 C.F.R. § 447.505.