Price Decline Clause Samples
Price Decline. In the event of a price decline or if the Contractor contracts with another government entity for the same service at lower prices than offered herein, with other terms and conditions being equal, then supplier shall immediately extend those same lower prices to the County.
Price Decline. By FBFC, if the FBFC Board so determines by a majority vote of the members of the entire FBFC Board, at any time during the five business-day period commencing on the Regulatory Approval Date if both of the following conditions are satisfied:
(i) The NHTB Market Value on the Regulatory Approval Date is less than $13.19, adjusted as indicated in the last sentence of this Section 7.01(g); and
(ii) the number obtained by dividing the NHTB Market Value on the Regulatory Approval Date by the Initial NHTB Market Value shall be less than the quotient obtained by dividing the Final Index Price by the Initial Index Price, minus 0.15;
(iii) subject, however, to the following three sentences. If FBFC elects to exercise its termination right pursuant to this Section 7.01(g), it shall give prompt written notice thereof to NHTB. During the five Business Day period commencing with its receipt of such notice, NHTB shall have the option to increase the consideration to be received by the holders of FBFC Stock who elect to receive NHTB Stock hereunder by adjusting the Exchange Ratio to one of the following quotients at its sole discretion: (i) a quotient, the numerator of which is equal to the product of the Initial NHTB Market Value, the Exchange Ratio (as then in effect), and the Index Ratio minus 0.15 and the denominator of which is equal to the NHTB Market Value on the Regulatory Approval Date; or (ii) the quotient determined by dividing $16.49 by the NHTB Market Value on the Regulatory Approval Date, and multiplying the quotient by the product of the Exchange Ratio (as then in effect) and .80. If NHTB so elects, it shall give, within such five business-day period, written notice to FBFC of such election and the revised Exchange Ratio, whereupon no termination shall be deemed to have occurred pursuant to this Section 7.01(g) and this Agreement shall remain in full force and effect in accordance with its terms (except as the Exchange Ratio shall have been so modified). For purposes of this Section 7.01(g), the following terms shall have the meanings indicated below: