Changes to Purchase Price Clause Samples
The "Changes to Purchase Price" clause defines the conditions under which the agreed-upon purchase price for a transaction may be adjusted after the initial agreement. This clause typically outlines specific events or circumstances—such as the discovery of discrepancies in inventory, adjustments for working capital, or the resolution of outstanding liabilities—that could lead to an increase or decrease in the final amount paid. By clearly specifying how and when the purchase price can be modified, this clause ensures transparency and fairness, helping both parties manage financial expectations and avoid disputes over payment amounts.
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Changes to Purchase Price. Section 2.3(a) of the Original Purchase Agreement is hereby amended and restated to read in its entirety as follows:
(a) The amount payable by the Purchaser to the Seller for the Contracts and Related Rights sold hereunder on each Purchase Date shall equal the Outstanding Receivables Balance of (i) all Re-Written Receivables being purchased on such Purchase Date multiplied by [****], (ii) all Renewal Receivables being purchased on such Purchase Date multiplied by [****] and (iii) all other Receivables being purchased on such Purchase Date multiplied by [****], plus in each case up to four days of any accrued Obligor interest (as applicable, the “Purchase Price”). For the avoidance of doubt, the Outstanding Receivables Balance of the purchased Receivables shall be calculated as of the close of business on the day preceding the applicable Purchase Date and the phrase “accrued Obligor interest” shall include any accrued but unpaid interest calculated on the applicable Receivable from the Initiation Date to the applicable Purchase Settlement Date. Also for the avoidance of doubt, under no circumstances shall the Purchase Price for any Receivable include more than four days of accrued Obligor interest even if more than four calendar days elapse between the Initiation Date and the Purchase Settlement Date for such Receivable. The Purchase Price for Receivables shall be paid in the manner provided below on the Closing Date and, in connection with each Purchase Date occurring after the Closing Date, on the Business Day following such Purchase Date (each, a “Purchase Settlement Date”).
Changes to Purchase Price. The Purchase Price shall not be subject to change as the Parties change the Specification unless changes are made to the Key Technical Parameters that materially increase the production costs of the Units. In such situations requiring an increase in pricing, the Parties shall negotiate in good faith to agree on a mutually acceptable increase to the Purchase Price, and the Specification shall be amended to reflect such change.
Changes to Purchase Price. Any increases in Purchase Prices resulting from specification changes initiated by the Buyer or Manufacturer must be authorized in advance in writing by authorized representatives of Buyer and Manufacturer. Every three months, at the request of Buyer or Manufacturer, during the Purchase Period, Buyer and Manufacturer shall review Manufacturer's costs of producing the Products and Buyer's operating costs and, if necessary, make appropriate changes in Exhibit A for future orders for existing Products made hereunder.
Changes to Purchase Price. In the event there is a change to any tariff, law, order, rule, tax, regulation, transmission rate, or any LDC, EDC or ISO changes to supplier obligations to serve, which increase Seller’s costs, the Purchase Price may be adjusted by Seller to include such costs.