Billing Price Clause Samples
The Billing Price clause defines the specific amount or rate that will be charged for goods or services under the agreement. It typically outlines how the price is calculated, whether it is a fixed fee, hourly rate, or based on usage, and may specify when and how adjustments can be made. This clause ensures both parties have a clear understanding of the financial terms, reducing the risk of disputes over payment amounts and providing transparency in the billing process.
Billing Price. The Billing Price for all Dedicated Lignite or Alternate Fuel delivered under this Agreement shall be determined by taking the Base Price, adjusting that Base Price in accordance with the formula set forth in Exhibit E to determine the Adjusted Base Price, and then applying any quality adjustments pursuant to Article 6.
Billing Price. (a) Beginning on April 1, 2007, and continuing quarterly throughout the Term on July 1, October 1, January 1 and April 1 of each calendar year the Base Price (for April 1, 2007) and thereafter the price calculated pursuant to this Section 10.2.2(a) shall be increased by $[*] ([*]%] of the Base Price). For each calendar quarter the amount adjusted pursuant to this Section 10.2.2(a) is the “Increased Base Price”.
(b) Beginning on April 1, 2007, and continuing quarterly throughout the Term on July 1, October 1, January 1 and April 1 of each calendar year the Base Price (for April 1, 2007) and thereafter the price calculated pursuant to this Section 10.2.2(b) shall be the amount determined in accordance with Section 10.2.3. For each calendar quarter the amount adjusted pursuant to this Section 10.2.2 (b) is the “Adjusted Base Price”.
(c) Beginning on April 1, 2007, and continuing quarterly throughout the Term on July 1, October 1, January 1 and April 1 of each calendar year the effective price to be paid by Buyer to Seller for such calendar quarter (the “Billing Price”) shall be the higher of the Increased Base Price and the Adjusted Base Price each calculated for such calendar quarter as provided in Sections 10.2.2(a) and 10.2.2(b) above. Exhibit A contains examples of the calculation of the price adjustment provisions of this Section 10.2.2 and are included for the sake of clarity.
Billing Price. The Billing Price per ton of coal, pursuant to this Agreement, to be paid on a per shipment basis is determined by the following formula: A x B x 2000 ------------ +FC Billing Price ($/ton) = 1,000,000 Where A = The "as received" heating quality of the coal in Btu's per pound as determined pursuant to Article V. Where B = The Adjusted Average Price and any reduction pursuant to Article VI in dollars per million Btu. Where FC = Buyer's share of the cost of freeze conditioning agent.
Billing Price. Fast Forward Marketing will purchase your products for 60% off SRP.
Billing Price. (1) For the purpose of this clause, until the establishment of the total final price in accordance with paragraph (d) of the "INCENTIVE PRICE REVISION (FIRM TARGET)" clause, the term "total contract price" means the billing price; initially the billing price shall be the initial total contract target price, and thereafter the billing price shall be revised as provided in paragraph (b)(2) below. After establishment of the total final price in accordance with paragraph (d) of the "INCENTIVE PRICE REVISION (FIRM TARGET)" clause, the billing price shall be the total final price so established.
(2) Within fifteen (15) days after each calendar quarter the Contractor shall submit in writing a proposed revised billing price which shall be established as follows:
(i) The Contractor shall certify to the Contracting Officer the percentage of physical progress in the performance of the contract as a whole as of the end of the calendar quarter. Such percentage of physical progress shall be expressed as a decimal carried to four decimal places and shall be subject to the approval of the Supervisor.
(ii) The revised billing price shall be the sum of a projected final cost, and a projected profit, computed as follows:
(A) A projected final cost shall be computed by (i) determining the cumulative sum of the base costs as of the end of the calendar quarter, established in accordance with the "COMPENSATION ADJUSTMENTS (LABOR AND MATERIAL)" clause, and (ii) dividing the sum thereof by the percentage of physical progress certified and approved as set forth in subparagraph (i) above.
(B) A projected profit shall be determined by applying to the projected final cost the incentive formula set forth in paragraph (d)(2) of the "INCENTIVE PRICE REVISION (FIRM TARGET)" clause, provided, that in no event shall the revised billing price exceed the ceiling price of the contract.
(iii) The revised billing price determined as stated above shall be set forth separately in a supplemental agreement to this contract, which also shall set forth the computations upon which the revision of the billing price is based. 117 N00024-95-C-2106 SCHEDULE
(iv) Any revision of the billing prices shall not affect the determination of the total final price under paragraph (d) of the "INCENTIVE PRICE REVISION (FIRM TARGET)" clause. After execution of the contract modification referred to in subparagraph (d)(3) of said clause, the total amount paid or to be paid on all invoices or vouchers shall be adjusted t...