Cost Reductions definition

Cost Reductions shall include reductions in cost of raw materials, and components [***]. Any adjustments shall occur [***].

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Cost Reductions. Any cost reductions to the Vendor, such as rebates or “specials”, shall be reflected in a reduction of the contract price effective immediately. Seattle will not be bound by prices contained in an invoice that are higher than those in the contract. Unless the higher price has been accepted by the City and the contract amended, the invoice may be rejected and returned to the Vendor for corrections. Invoicing: The Vendor is required to provide a method for tracking the cost of the item to the City, with the City discount calculation displayed so that pricing discounts can be easily tracked and verified by the City with each invoice. Each invoice to the City shall specify the “Manufacturers Current List Price,” the discount rate that the City receives, and the final net cost to the City. Catalogue and Manufacturer List Pricing: Upon City request, the Vendor shall provide access to the “Manufacturer’s Current Price List” in electronic and/or paper format. Such requests may be for current catalogue pricing or for past catalogue that are within the term of the contract.

Cost Reductions. Any cost reductions to the Vendor, such as rebates or “specials”, shall be reflected in a reduction of the contract price effective immediately. Seattle will not be bound by prices contained in an invoice that are higher than those in the contract. Unless the higher price has been accepted by the City and the contract amended, the invoice may be rejected and returned to the Vendor for corrections.

Examples of Cost Reductions in a sentence

• Cost Reductions: During the term of this Contract, any price decrease the Contractor receives from its suppliers shall be reflected in a reduction of the prices in this Contract and effective as of the date of the supplier’s decrease.

• For purposes of Section 9(f) of the Forbearance Agreement, neither Borrower nor any Guarantor shall make any payment or other transfer of value on account of expense items of the kind designated in the Summary of Cost Reductions, dated April 30, 2013, issued to the Required Lenders, as Other Items and included in the week ended May 3, 2013, or similar discretionary items.

• The Price for the Services in Exhibit “1-A” in or before Year 1 shall be adjusted on an ongoing basis to reflect any Ongoing Cost Reductions as defined in section 9.6.2 below.

• A) From August 16, 2020, through December 5, 2020, bargaining unit members will be paid at the furlough rates provided for in the Memorandum of Understanding ACE COVID-19 Cost Reductions (MOU) entered into by the parties on May 21, 2020 (see attached Appendix J).

• Consultant shall receive a payment of $300,000.00 in the event that the Projected Cost Reductions set forth in the Plan total an amount greater than or equal to $18,000,000.00.

• The prices shall be revised from time to time through issuance of Cost Change Orders generated by Elastic which may incorporate Parts Cost Reductions and/or Manufacturing Cost Reductions in accordance with Section V, the effect of ECOs, and other changes in Parts and manufacturing costs as may be agreed to by Elastic and Sanmina.

• Dot Hill shall receive a reduction in price for the cost reductions described in the last sentence of Section 3.3.3 (Cost Reductions) of the Agreement.

• Section 4.2, Cost Reductions (identified incorrectly as Section 7.2 in Amendment No. 3), is hereby deleted in its entirety.

• In Attachment A, for the initial annual period (or such shorter period as may be mutually agreed by the parties) that begins after the execution of this Award Letter, Dot Hill will elect either to accept such Supplier committed fixed price reduction or the cost reduction in the penultimate sentence of Section 3.3.3 (Cost Reductions) of the Agreement.

• In the event that Consultant is eligible to receive the Target Payment pursuant to this Section 4, such Target Payment shall be payable within ten (10) business days following the date on which the Company approves the Plan validated by A&M that contains Projected Cost Reductions at a level that entitles Consultant to the Target Payment.

More Definitions of Cost Reductions

Cost Reductions has the meaning ascribed thereto in Section 2.09.

Cost Reductions. With respect to any manufacturing changes implemented by Cirtran that result in a reduction in cost, Cirtran will receive one hundred percent (100%) of the demonstrated price reduction for ninety (90) days after the first shipment following implementation of the change as compensation for its implementation and then transfer the price reduction 100% to Customer. On implementation of Customer initiated engineering changes that result in changes to the cost of the Products, the Customer will receive one hundred percent (100%) of the demonstrated price reduction minus the costs of implementation pre-approved by Customer.

Cost Reductions. Any cost reductions to the Vendor, such as rebates or “specials”, shall be reflected in a reduction of the contract price effective immediately. Seattle will not be bound by prices contained in an invoice that are higher than those in the contract. Unless the higher price has been accepted by the City and the contract amended, the invoice may be rejected and returned to the Vendor for corrections. Invoicing: The Vendor is required to provide a method for tracking the cost of the item to the City, with the City discount calculation displayed so that pricing discounts can be easily tracked and verified by the City with each invoice. Each invoice to the City shall specify the “Manufacturers Current List Price,” the discount rate that the City receives, and the final net cost to the City.