Common use of Base Prices Clause in Contracts

Base Prices. Base Prices" for Non-Hybrid Products shall mean the prices charged to the Company by WGL for Non-Hybrid Products, exclusive of tooling, shipping, and delivery charges. The Base Prices for certain Non-Hybrid Products are set forth on Attachment A which may be amended from time to time in a written instrument signed by authorized representatives of both parties to add additional Non-Hybrid Products to Attachment A. - Except for the price adjustments provided for in Section 3.4 below, pricing for the Non-Hybrid Products on Attachment A will remain fixed for the term of this Agreement. Base Prices for Non-Hybrid products not initially included in Attachment A which the Company is currently purchasing shall be fixed for the term of this Agreement at the average historical price that the Company has paid for each such Non-Hybrid Product during 1997. Subject to Section 3.4, Base Prices for newly designed Non-Hybrid products will be fixed for the term of this Agreement at the lower of (a) WGL's pricing, or (b) the average of the pricing available to the Company from two other qualified vendors.