Price Determinations Clause Samples
The Price Determinations clause establishes the method by which the price for goods or services will be set under the contract. Typically, it outlines whether prices are fixed, adjustable, or subject to review based on specific criteria such as market rates, cost changes, or periodic negotiations. This clause ensures both parties have a clear understanding of how pricing will be handled throughout the contract term, reducing the risk of disputes and providing a mechanism to address changes in costs or market conditions.
Price Determinations. Notwithstanding anything herein to the contrary, the Developer shall pay all costs in proportion to the share of the Working Interest owned by the Developer in the ▇▇▇▇▇ with respect to obtaining price determinations under and otherwise complying with the Natural Gas Policy Act of 1978 and the implementing state regulations. This responsibility shall include, without limitation, preparing, filing, and executing all applications, affidavits, interim collection notices, reports and other documents necessary or appropriate to obtain price certification, to effect sales of natural gas, or otherwise to comply with the Act and the implementing state regulations. Operator agrees to furnish the information and render the assistance as the Developer may reasonably request in order to comply with the Act and the implementing state regulations without charge for services performed by its employees.
Price Determinations. The determination of the amount of the Buy/Sell Price, the Reply Price and any other amounts payable pursuant to this Article 14 shall be made by the independent accountants then employed by the Company on the basis of the Asset Value set forth in the Buy/Sell Notice and the Cash Assets and liabilities of the Company reflected on the books of the Company as of the date of closing of the buy/sell, and shall not include any adjustments for lack of liquidity or minority or majority ownership interests. Their determination shall be final and nonappealable, absent manifest error.
Price Determinations. The determination of the amount of the purchase price and any other amounts payable pursuant to this Section 9.7 shall be made by the Accountants on the basis of the Tangible Property Value set forth in the Buy/Sell Notice and the books of the Partnership as adjusted, based on the calculations of the Accountants, to reflect the amounts on such books as of the date of closing of the buy/sell, which determination shall be final and nonappealable, absent fraud or manifest error. To the extent that any of the foregoing calculations cannot be made with accuracy as of the date of closing, such calculations shall be made, and the Buy/Sell Price or Reply Price shall be adjusted as may be appropriate, as soon as is practical after the closing.
Price Determinations. The price determinations of COMPAQ are provided on the basis of the valid price list of COMPAQ, and unless determined otherwise, they are valid for the period of thirty (30) days. The Customers orders become binding for COMPAQ always after written acceptation by COMPAQ.