Improvements Mandated by Regulator – Products Sample Clauses

Improvements Mandated by Regulator – Products. Where Supplier is directed by the regulator with authority, to make an Improvement which will result in a price increase for a Product, Supplier shall provide HQ with notice in accordance with Section 12.2 and shall substantiate the proposed price increase. Supplier and HQ shall negotiate in good faith the amount and timing of any proposed price increase to HQ. If HQ provides final notice to Supplier in writing that it does not agree to the price from Supplier, then Supplier shall have thirty (30) days to withdraw the price increase. Price increase shall not take effect until after said thirty (30) day period. If Supplier does not do so, then HQ may elect to accept the increase or terminate the Agreement with respect to the Product immediately without cost or penalty.
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Improvements Mandated by Regulator – Products. Where Supplier is directed by the regulator with authority, to make an Improvement which will result in a price increase for a Product, Supplier shall provide CBS with notice in accordance with Section 10.2 and shall substantiate the proposed price increase. Supplier and CBS shall negotiate in good faith the amount and timing of any proposed price increase to CBS. If CBS and Supplier do not agree on the price increase for the mandated Improvement, then Supplier shall have thirty (30) days to withdraw the price increase. Price increase shall not take effect until after said thirty (30) day period. If Supplier does not do so, then CBS may elect to accept the increase or terminate the Agreement with respect to the Product immediately without cost or penalty. ***CONFIDENTIAL TREATMENT REQUESTED
Improvements Mandated by Regulator – Products. Where Talecris is directed by the regulator with authority, to make an Improvement which will result in a price increase for a Product, Bayer Canada shall provide CBS with notice in accordance with Section 10.2 and shall substantiate the proposed price increase. Bayer Canada and CBS shall negotiate in good faith the amount and timing of any proposed price increase to CBS. If CBS does not agree to accept the price or timing, then Bayer Canada and CBS have the right to terminate the Agreement with respect to the Product, immediately upon notice to the other party without any cost or penalty.
Improvements Mandated by Regulator – Products. Where Talecris is directed by the regulator with authority, to make an Improvement which will result in a price increase for a Product, Bayer Canada shall provide HQ with notice in accordance with Section 10.2 and shall substantiate the proposed price increase. Bayer Canada and HQ shall negotiate in good faith the amount and timing of any proposed price increase to HQ. If HQ does not agree to accept the price or timing, then Bayer Canada and HQ have the right to terminate the Agreement with respect to the Product, immediately upon notice to the other Party without any cost or penalty.

Related to Improvements Mandated by Regulator – Products

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  • Territorial application As regards the Kingdom of the Netherlands, the present Agreement shall apply to the part of the Kingdom in Europe, to the Netherlands Antilles and to Aruba, unless the notification provided for in Article 14, paragraph (1) provides otherwise.

  • Procurement Standards For projects being managed by the Local Government and on the State highway system or that include state funding, the Local Government must obtain approval from the State for its proposed procurement procedure for the selection of a professional services provider, a contractor for a construction or maintenance project, or a materials provider.

  • Tax Examinations Abroad 1. A Contracting Party may allow representatives of the competent authority of the other Contracting Party to enter the territory of the first-mentioned Party to interview individuals and examine records with the written consent of the persons concerned. The competent authority of the second-mentioned Party shall notify the competent authority of the first-mentioned Party of the time and place of the meeting with the individuals concerned.

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