BASIC PRICE CHANGE Sample Clauses
The BASIC PRICE CHANGE clause establishes the conditions under which the agreed-upon price for goods or services may be adjusted during the term of a contract. Typically, this clause outlines the specific circumstances that justify a price change, such as fluctuations in material costs, changes in regulatory fees, or other predefined triggers. It may also set procedures for notifying the other party and obtaining approval before any adjustment takes effect. The core function of this clause is to provide a fair and transparent mechanism for managing cost changes, thereby protecting both parties from unforeseen financial impacts and ensuring the contract remains equitable over time.
BASIC PRICE CHANGE. 2.1 Due to changes in the Aircraft configuration, Article 3.1 of the Purchase Agreement is hereby modified to read as follows:
3.1 Buyer agrees to pay Embraer in United States dollars, per unit, the Aircraft Basic Price as indicated in the table below: [*****] Confidential material redacted and filed separately with the Securities and Exchange Commission.
BASIC PRICE CHANGE. Article 3.1 of the Purchase Agreement is hereby modified to read as follows:
3.1 Buyer agrees to pay Embraer, in United States dollars, [*****] [*****] Confidential material redacted and filed separately with the Securities and Exchange Commission.