Common use of Price Decrease Clause in Contracts

Price Decrease. The Authorized Purchaser shall be given the immediate benefit of any price decrease. Contractor shall promptly notify OSP of the amount and effective date of each decrease. This decrease shall apply to orders placed on or after the effective date of the decrease. Invoices shall reflect prices in effect on the date the Authorized Purchaser’s Purchase Order document was written. 2.1.2.1. Should such decreased prices again increase during the term of the Contract, including extensions, the OSP shall honor the increase if acceptable documentation verifying the increase is submitted to OSP. OSP shall determine what constitutes acceptable documentation.

Price Decrease. The Authorized Purchaser shall be given the immediate benefit of any price decrease. Contractor shall promptly notify OSP of the amount and effective date of each decrease. This decrease shall apply to orders placed on or after the effective date of the decrease. Invoices shall reflect prices in effect on the date the Authorized Purchaser’s Purchase Order document was written. 2.1.2.12.1.1. Should such decreased prices again increase during the term of the Contract, including extensions, the OSP shall honor the increase if acceptable documentation verifying the increase is submitted to OSP. OSP shall determine what constitutes acceptable documentation.