Common use of Group Purchasing Organization Clause in Contracts

Group Purchasing Organization. In the event BCM and a group purchasing organization (“GPO”) of which BCM is a member, enters into a master agreement or pricing agreement governing the purchase and sale of any or all the Equipment and/or Services hereunder (the “Master Agreement”), Seller agrees that BCM shall have the option, in BCM’s sole discretion and upon prior notice to Seller and on a prospective basis only, to (i) continue this Agreement, but to adjust the pricing hereof to reflect the pricing set forth in the GPO Master Agreement, without any penalty, or (ii) terminate this Agreement, without any penalty, and enter into the GPO Master Agreement.

Appears in 2 contracts

Sources: Purchase Order Terms and Conditions, Purchase Order Terms and Conditions