Common use of COMPETITIVE PRICES Clause in Contracts

COMPETITIVE PRICES. Buyer shall, at [**], have the right to furnish written evidence to Seller of its ability to purchase Product for a Region or Subregion from a responsible supplier thereof, in like quantity and quality and by like delivery for a term of not less than [**] as compared to the quantity and quality and delivery method for such Product Seller is then delivering to Buyer in such Region or Subregion under this Agreement, at a lower price than Seller's then- current Price. In such event, Seller will reduce its Price for such Product to Buyer in such Region or Subregion by the lesser of [**]. [**] - Confidential treatment requested.