Common use of Materials Fees Clause in Contracts

Materials Fees. The Materials Fee to be paid by COMPANY to DPT shall be listed in Schedule A within one hundred twenty (120) days of commencement of the initial commercial products of the applicable Product. The Materials Fee will be adjusted once annually at the beginning of each calendar year and Schedule A shall be amended accordingly based on changes in DPT’s standard costs for materials. In the event, however, the cost of a material increases during any calendar year greater than ten percent (10%), DPT may promptly upon the effective date of such increase adjust its invoice price for said material to COMPANY to compensate for the increase. Material Fees for new Products or new Product sizes, new batch sizes or product configuration changes not initially included in Schedule A, shall be established at the time of first production.

Materials Fees. The Materials Fee to be paid by COMPANY SERENITY to DPT shall be listed in Schedule A within one hundred twenty (120) days of commencement of the initial commercial products of the applicable Product. The Materials Fee will be adjusted once annually at the beginning of each calendar year Calendar Year and Schedule A shall be amended accordingly based on changes in DPT’s 's standard costs for materials. In the event, however, the cost of a material increases during any calendar year Calendar Year greater than ten [***] percent (10[***]%), DPT may promptly upon the effective date of such increase adjust its invoice price for said material to COMPANY SERENITY to compensate for the increase. Material Fees for new Products or new Product sizes, new batch sizes or product configuration changes not initially be included in Schedule A, A and shall be established at the time of prior to first production.