Initial Price Term definition
Examples of Initial Price Term in a sentence
The Price for each Product during the Initial Price Term (such Price, the “Initial Price” for such Product) is set forth in the Facility Addendum for such Product.
Following the Initial Price Term, the Price of such Product may be adjusted only as set forth in Section 3.1(b) and Section 3.2.
After the Initial Price Term, a reasonable increase in the Supply Prices shall be mutually agreed upon by the Parties [***]; provided, however, that the initial increase in the Supply Prices shall be mutually agreed upon by the Parties by no later than [***] prior to the end of the Initial Price Term and shall apply for the remainder of the calendar year during which the Initial Price Term ends.
If the parties are unable to agree on the price for the Subsequent Price Term within thirty (30) days after the Initial Price Term, COPA shall be entitled to re- bid for the Products and terminate this Agreement upon thirty (30) days written notice to Supplier.
If there is an Initial Price Term set forth on Exhibit A which expires before the end of the Contract Term as defined in Section 13.a, within thirty (30) days before the end of the Initial Price Term, the parties will negotiate in good faith to set the Price for the period following the Initial Price Term (the "Subsequent Price Term").
If the Price is based on the cost-plus method, within thirty (30) days before the end of the Initial Price Term or any Subsequent Price Term, Supplier will provide COPA with an itemized list of its cost of raw materials for the purpose of adjusting the Price for the next Subsequent Price Term.
Prior to the end of the Initial Price Term and no later than December 31, 2021, the parties shall negotiate in good faith the applicable terms related to 10ml Vial, including the Product Price, for the period subsequent to the Initial Price Term.
After the Initial Price Term, the Parties shall, in conjunction with their good faith negotiations in accordance with Section 5.1(b) of the Supply Agreement and assuming a royalty is established for the 10ml Vial, establish a royalty floor for the 10ml Vial.
If the Price is not fixed for the Initial Price Term or any later term, Supplier shall give COPA at least thirty (30) days written notice before any changes to such prices shall take effect.
Initial and Later Prices - Supplier's prices ("Price") for each Product shall be on a delivered basis, shall include delivery and shall be as set forth on Exhibit A for the period of time (the "Initial Price Term"), if any, set forth on Exhibit A.