Common use of Favored Nation Clause in Contracts

Favored Nation. Vendor shall furnish Services to the Board at the lowest price that Vendor charges to other similarly situated parties. If Vendor overcharges, in addition to all other remedies, the Board is entitled to a refund in the amount of the overcharge, plus interest at the rate of 1% per month from the date the overcharge was paid by the Board until the date refund is made. The Board has the right to offset any overcharge against any amounts due to Vendor under this or any other Agreement between Vendor and the Board, and at the Board’s sole option the right to declare Vendor in default under this Agreement.

Appears in 6 contracts

Samples: Services Agreement, Services Agreement, Services Agreement

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