Changes in Pricing Sample Clauses
The "Changes in Pricing" clause establishes the conditions under which the prices specified in an agreement may be adjusted during the contract term. Typically, this clause outlines the circumstances that justify a price change, such as fluctuations in material costs, regulatory changes, or market conditions, and may require advance notice or mutual agreement before any adjustment takes effect. Its core practical function is to provide a clear mechanism for handling price modifications, thereby reducing disputes and ensuring both parties understand how and when pricing can be altered.
Changes in Pricing. The definition of "Applicable Pricing Rate" contained in Section 1.1(1) of the Credit Agreement is hereby amended to delete the table contained therein in its entirety and to substitute the following table therefor:
Changes in Pricing. (a) Clause (a) of Section 3.1 is hereby amended to read in its entirety as follows:
(a) At all times while such Loan is a Base Rate Loan, at a rate per annum equal to the Base Rate from time to time in effect, plus for any day the Applicable Margin on such day;"
(b) The definitions of "Applicable Commitment Fee" and "Applicable Margin" set forth in Section 13 of the Existing Credit Agreement are hereby amended to read in their entirety as follows:
Changes in Pricing. The list price for the Hybrid Solution will be reviewed by the Steering Committee on an annual basis, or sooner upon the request of a Party hereto.
Changes in Pricing. Schedule B (Applicable Pricing Margin) to the Credit Agreement is hereby amended as follows:
(a) by deleting “Level 7” in Section 3 thereof and replacing it with “Level 6”; and
(b) by deleting the table contained therein in its entirety and substituting the following table therefor: The above amendments to the table contained in the definition of Applicable Pricing Rate will become effective in an equivalent manner to the adjustment mechanism contemplated in Schedule B to the Credit Agreement.
Changes in Pricing. ABADIAN reserves the right to change prices without notice. However, price changes, other than those relating to on-going maintenance service, shall not be changed with respect to previously executed Client Orders.
Changes in Pricing. ABB may change the pricing it charges Reseller for ABB Digital Offerings at any time in its sole discretion, effective upon 30 (thirty) days written notice to Reseller. Notwithstanding the foregoing, any pricing increase will not apply to any pricing previously agreed to in an Order or in a pricing proposal for ABB Digital Offerings submitted by Reseller to a Customer before ABB notified Reseller of the pricing increase for a period of 90 (ninety) days, provided that Reseller provides ABB with a copy of such pricing proposal.
Changes in Pricing. To reflect the agreement of the parties hereto to eliminate the Fixed Rate as a pricing option under the Credit Agreement and to modify the spread applicable to Floating Rate Loans, effective as of the Effective Date:
(a) All Loans funded under the Credit Agreement from and after the Effective Date shall be funded as Floating Rate Loans;
(b) No Floating Rate Loans outstanding under the Credit Agreement on the Effective Date may be continued as or converted into Fixed Rate Loans at the end of their respective Interest Periods;
(c) All Loans outstanding as Fixed Rate Loans shall continue to bear interest at the rate applicable thereto on the Effective Date to and including the earlier to occur of: (1) the last day of the current Interest Period therefor and (2) August 31, 2001, at which earlier date such Fixed Rate Loans shall be converted to Floating Rate Loans; and
(d) The definition of the term "Applicable Margin" as set forth in Article I of the Credit Agreement is hereby amended in its entirety as follows:
Changes in Pricing. Notwithstanding anything else to the contrary contained herein or in any of the Contract Documents, HICO and Buyer acknowledge and agree that (1) manufacturers other than HICO or any of its affiliates (each a “Third Party Manufacturer”), of any new or used spare parts with respect to the Work (each individually a “Spare Part” and collectively the “Spare Parts”) may from time to time, and without prior notice, make modifications to Spare Parts being offered for sale by HICO in connection with the Work;
Changes in Pricing. The definition of "Applicable Pricing Rate" contained in Section 1.1(1) of the Credit Agreement is hereby amended to delete the table contained therein in its entirety and to substitute the following table therefor: less than 1.0:1.0 [·]% per annum [·]% per annum [·]% per annum equal to or greater than 1.0:1.0 and less than 1.5:1.0 [·]% per annum [·]% per annum [·]% per annum equal to or greater than 1.5:1.0 and less than 2.0:1.0 [·]% per annum [·]% per annum [·]% per annum equal to or greater than 2.0:1.0 and less than 2.5:1.0 [·]% per annum [·]% per annum [·]% per annum equal to or greater than 2.5:1.0 [·]% per annum [·]% per annum [·]% per annum In addition, the proviso to said definition of "Applicable Pricing Rate" is hereby amended to add the following new subparagraph (b.1) immediately after the existing subparagraph (b) of such proviso:
(b.1) the above rates per annum applicable to Loans shall increase by [·]% per annum under a given Credit Facility after the Term Out Date in respect thereof; for certainty, such increase or increases, as applicable, shall not apply to the rates per annum set forth in the column with the heading "Standby Fee on each Credit Facility" in the above table;" Finally, Section 7.9(2) of the Credit Agreement is hereby amended to delete "[·]% per annum" from the third line thereof and to substitute therefor "[·]% per annum".
Changes in Pricing. The Pricing Schedule is amended in its entirety and replaced by the Pricing Schedule attached hereto.