Amount; Adjustment Sample Clauses
The 'Amount; Adjustment' clause defines the specific sum to be paid under the contract and outlines the circumstances or mechanisms by which this amount may be modified. Typically, this clause details how the contract price can be increased or decreased in response to changes such as variations in scope, unforeseen costs, or agreed-upon adjustments. Its core function is to provide a clear framework for handling changes to the contract amount, thereby reducing disputes and ensuring both parties understand how financial modifications will be managed.
Amount; Adjustment. During the Initial Term, Seller shall sell the Products to Buyer at the purchase prices set forth on Exhibit “A” (as such prices may be adjusted hereunder, “Purchase Price(s)”). Seller may change the Purchase Prices for a Product upon ninety (90) days prior written notice to Buyer, but in no event shall any such price increase (or series of price increases) for a single Product exceed an aggregate 3% during any 12 month period. All Purchase Price adjustments under this Section shall be subject to the terms of Section 3.D.
Amount; Adjustment. In the event the required amount of an Improvement Assurance increases from time to time by more than ten percent (10%) above the prior amount. Lessee shall, from time to time, on or before the date of the increase, deliver to Lessor an additional Improvement Assurance in the amount of such increase, or cause the existing Improvement Assurance held by Lessor to be amended to increase its amount.