Price Commitment definition

Price Commitment has the meaning given in Section 3(b)(ii).

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Price Commitment is equal to the [**] Costs (as adjusted from time to time under this section 3(c)) plus[**] ▇▇▇▇-up but provided always that such price does not exceed: [**] per Dose (USD) herein after the “[**]” The Parties acknowledge and agree that (1) the [**] described in Table A above is based on principle assumptions about Novavax future manufacturing efficiencies at the time of WHOPQ as set forth on Appendix C attached hereto and incorporated by reference herein, and (2) to the extent that actual results differ from such Appendix C principal assumptions, then the Parties shall take such factors causing differing results into account and will thereafter adjust such [**] pursuant to Section 3(c)(ii). [**] = Portions of this exhibit have been omitted pursuant to a confidential treatment request. An unredacted version of this exhibit has been filed separately with the Commission.

Price Commitment is equal to the [**] Costs (as adjusted from time to time under this section 3(c)) plus[**] m▇▇▇-up but provided always that such price does not exceed: [**] per Dose (USD) herein after the “[**]” The Parties acknowledge and agree that (1) the [**] described in Table A above is based on principle assumptions about Novavax future manufacturing efficiencies at the time of WHOPQ as set forth on Appendix C attached hereto and incorporated by reference herein, and (2) to the extent that actual results differ from such Appendix C principal assumptions, then the Parties shall take such factors causing differing results into account and will thereafter adjust such [**] pursuant to Section 3(c)(ii).

Examples of Price Commitment in a sentence

• Before finalizing a partnership with its manufacturing and/or commercial partner(s), Icosavax will ensure that its agreement(s) with these manufacturing and/or commercial partner(s) have appropriate provisions to support the furtherance of Global Access for the Charitable Purpose, including assurances that the Covid Vaccine will be provided at the Price Commitment and Annual Volume Commitment outlined above consistent with this Agreement.

• Subject at all times to the Aggregate Minimum Supply and Annual Minimum Supply, the Volume Commitment requires the Company to use reasonable and diligent efforts to bid on applicable Public Sector Purchaser tenders in accordance with the Price Commitment for any Public Sector Purchaser purchase order with an effective date that falls within the Term or Extended Term.

• Notwithstanding the foregoing, if the Parties agree that to the extent the Company switches to a multi-dose presentation of the Product that meets WHOPQ requirements and satisfies the Company’s Global Access Commitments, the Price Commitment shall be appropriately reviewed and may be adjusted by mutual written agreement of the Parties, consistent with the process described in Section 3(c)(ii) above.

• That analysis will be shared with Company and the Foundation who will work together to resolve any adjustments to the Price Commitment.

• If the mechanized detailed summary is in addition to a manual (paper) summary provided with the Price Commitment, the mechanized summary must be provided no later than thirty (30) days prior to the date of the first invoice.

• The result of the audit will be binding, and in the event that the audit reveals a failure to comply with the Price Commitment, the Commercialisation Partner will implement any adjustment to the Affordable Price deemed required by MPP or UW as a result of the audit.

• If provided in lieu of a manual (paper) process, the mechanized detailed summary must be provided in accordance with the dates specified for the Price Commitment.

• If Supplier is also providing PRODUCT, Supplier shall provide the Price Commitment eight (8) weeks prior to the scheduled PRODUCT main ship date but in no event later than thirty (30) days prior to the date of the first invoice.

• SELLER will cause the Title Company to issue its commitment to insure PURCHASER'S title in an amount equal to the Purchase Price ("Commitment"), and shall cause the same, with copies of all documents referred to therein, to be delivered to PURCHASER within ten business (10) days from Opening of Escrow.

• Mortgage Loan payable by THDA to Seller to expose such Mortgage cover, as stated in the related Price Commitment confirmation, computed as of quote Purchase Date, adjusted as provided describe the OA Guide or Seller Guide.

More Definitions of Price Commitment

Price Commitment the Health Products will be offered for sale to the Public Sector seeking to supply them to LMICs at a price which is no more than the lowest sustainable competitive price level (“Affordable Price”). The Affordable Price will cover: (a) the cost of raw materials, labour and other manufacturing costs incurred in manufacturing the Health Product (including assembly); (b) the actual distribution costs incurred in the marketing, promotion, offering for sale, importing for sale, exporting for sale, distribution and sale of the Health Product; and (c) a reasonable mark-up not to exceed the mark-up set out in the Commercialisation Plan attached to this Agreement to help ensure the economic sustainability of the production and distribution;

Price Commitment means, with respect to any Mortgage Loan, the confirmation issued to Seller with the terms and conditions under which Seller is obligated to sell and THDA is obligated to purchase such Mortgage Loan, including, without limitation, terms and conditions relating to Mortgage Product, Purchase Price, Mortgage Interest Rate, Lock Expiration Date, and issued in accordance with the OA Guide or Seller Guide and a Product Term Sheet and Daily Pricing Sheet then in effect. A Price Commitment issued for any Mortgage Loan shall expire on the date specified therein.

Price Commitment the Final Product will be made available to the Public Sector in the Territory at a price which is no more than the Affordable Price;

Price Commitment means the price of electricity and