Cost Components. 6.6.1 PPG shall determine the particular amounts to be included in the various costs identified in Exhibits A-2 through A-4 in a manner consistent with past practice under the Original Agreement, and so as to conform with generally accepted practices in the specialty chemicals industry. Should PPG, in performing any services or providing any Products hereunder, incur any substantial costs in connection with an equipment malfunction, processing error or other similar occurrence that are beyond those which is foreseeable and customary, the amounts associated therewith shall not be included in such costs. 6.6.2 The various costs identified in Exhibits A-2 through A-4 shall be reset as of the beginning of each Contract Year and, unless otherwise agreed by the Parties in writing, shall remain in effect for the remainder of such Contract Year. PPG shall notify UDC of all such cost adjustments at least thirty (30) days prior to the date on which the adjustment is to take effect and, upon UDC’s request, PPG shall provide UDC with a reasonably detailed written justification for the adjustment.
Appears in 1 contract
Sources: Oled Materials Supply and Service Agreement (Universal Display Corp \Pa\)
Cost Components. 6.6.1 PPG shall determine the particular amounts to be included in the various costs identified in Exhibits A-2 A-1 through A-4 in a manner consistent with past practice under the Original Development Agreement and the Supply Agreement, and so as to conform with generally accepted practices in the specialty chemicals industry. Should PPG, in performing any services or providing any Products hereunder, incur any substantial costs in connection with an equipment malfunction, processing error or other similar occurrence that are beyond those which is foreseeable and customary, the amounts associated therewith shall not be included in such costs.
6.6.2 The various costs identified in Exhibits A-2 A-1 through A-4 shall be reset as of the beginning of each Contract Year and, unless otherwise agreed by the Parties in writing, shall remain in effect for the remainder of such Contract Year. PPG shall notify UDC of all such cost adjustments at least thirty (30) days prior to the date on which the adjustment is to take effect and, upon UDC’s 's request, PPG shall provide UDC with a reasonably detailed written justification for the adjustment.
Appears in 1 contract
Sources: Oled Materials Supply and Service Agreement (Universal Display Corp \Pa\)