Annual Base Price Clause Samples
The Annual Base Price clause defines the fixed amount to be paid each year for goods or services under the agreement. This clause typically specifies the monetary value, the period it covers, and may outline how and when payments are to be made, such as in equal monthly installments or as a lump sum at the start of each year. By clearly establishing the annual cost, this clause ensures both parties have a mutual understanding of financial obligations, reducing the risk of disputes over payment expectations.
Annual Base Price. The annual base price of the coal to be sold hereunder will be firm and will be determined by the year in which the coal is delivered (or scheduled to be delivered) as defined in Section 5 in accordance with the following schedule: YEAR BASE PRICE ($ PER TON) —FOB Railcar Or Barge 2012 $ 45.00 2013 $ 46.00 2014 $ 48.00 2015 $ 49.00 The Annual Base Price, as modified by any base price adjustment provided for in this §8.1, if any, is hereinafter referred to as the “Base Price”.
Annual Base Price. Effective as of January 1, 2022, and with respect to Shipments thereafter, Section 8.1(a) Annual Base Price is deleted in its entirety and is replaced with the following provision: