Price Modifications Clause Samples
The Price Modifications clause establishes the terms under which the agreed-upon price in a contract may be changed. Typically, this clause outlines the circumstances that justify a price adjustment, such as changes in scope, unforeseen costs, or regulatory changes, and describes the process for requesting and approving such modifications. By clearly defining when and how prices can be altered, this clause helps prevent disputes and ensures both parties understand their rights and obligations regarding pricing throughout the contract term.
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Price Modifications. Unless otherwise provided by law, it is determined that the Price, as stipulated in Article 3, will be linked to the consumer price index (“health index)” as published each month in the Belgian State Gazette. The basic index is that of the month prior to the signature of this Agreement, i.e. the month March 2008. The Price will be reviewed annually on the date of the entry into force of this Agreement, automatically and by operation of law, in accordance with the increase of the aforementioned index according to the formula as defined below, whereby the month used for the new index will be the month prior to the relevant anniversary of the date of the entry into force: new Price = Price x new index basic index However, the new Price will at no time be lower than the Price as stipulated above. Skechers will implement the modifications to the Price subject to a one-month notification to that effect by ProLogis. In the event that the publication of the ‘consumer price index’ (health index) should be discontinued, the parties will agree to replace this by the new index published by the Belgian government. In the event that no new official index is published, the parties, if they fail to come to an agreement, will submit the problem to a tribunal of three arbitrators. Each party will appoint its own arbitrator within one month of being requested to do so by the other party and the two arbitrators will jointly appoint a third arbitrator. If one of the parties fails to duly appoint its arbitrator or if the two arbitrators fail to appoint a third arbitrator, the missing arbitrator will be appointed, at the request of either party, by the Justice of the Peace in whose jurisdiction the Premises are located. It is explicitly agreed that ProLogis shall only waiver the right to increase the Price arising from this article by a written confirmation, signed by ProLogis.
Price Modifications. 7.1 As per Section 651 g of the German Civil Code, the organiser is entitled to request a price increase of 8% that must be accepted by the applicant. If the price increases by more than 8%, the tour operator can offer and request that the traveller either accepts the price increase within a specified period or withdraws from the contract. The same shall apply in the case of price reductions. The stipulations of Section 5.4 shall apply in this regard. The prices for additional packages for the in-/outbound travel packages oder arrival/departure packages, or other arrangements, shall become binding upon their confirmation. They form a component of the package travel contract. This shall not apply in the case of additionally mediated third-party services.
Price Modifications i. Price Increases
a. Contractor may request an increase in the prices listed in Exhibit C by submitting its request to the State in writing as described in §17 of the main body of this Contract. Requests for increases in prices are limited as follows:
b. Contractor may not submit a request for a price increase to the State fewer than 3 days prior to when Contractor intends those increased prices to be effective.
c. The State may approve or deny any request for a price increase based on the information provided by Contractor and other circumstances in its sole discretion.
d. If the State approves a price increase, that price increase shall not take effect unless it is included in this Contract.
e. Contractor may only begin using the increased prices in Orders that are issued following the effective date of the modification that increases the prices. For Orders placed prior to a price increase that are in effect at the time of the price increase, Contractor shall only charge the Purchasing Entity the prices that were in effect at the time the Order was placed.
f. If the State does not approve a price increase, or Contractor increases its prices without submitting a request to the State, then those increased prices shall be void in any Order in which they are used and Contractor shall fulfill the Order at the existing rates approved by the State under this Contract. Contractor’s use of rates in any Order that exceed those approved by the State under this Contract shall be a material breach of this Contract.
ii. Price Decreases and Ceiling Prices
a. Contractor may decrease its prices shown in Exhibit C at any time by providing written notice to the State.
b. The prices listed in Exhibit C are Ceiling Prices, and Contractor may offer lower prices to Purchasing Entities, and Purchasing Entities may negotiate lower prices with Contractor, without the review or approval of the State. Contractor shall not allow a Subcontractor to charge an amount greater than the Ceiling Price for any Order.
1. GOODS AND/OR SERVICES
Price Modifications. If there shall be a decrease in the price to be paid by the prospective transferee for the Selling Stockholder Shares to be purchased from the price set forth in the Co-Sale Notice, which decrease is acceptable to the Selling Stockholder(s), or any other change in the terms or conditions set forth in the Co-Sale Notice which are less favorable to the Selling Stockholder(s) but which are acceptable to the Selling Stockholder(s), the Selling Stockholder(s) shall immediately notify the Company and each Co-Sale Stockholder in writing of such decrease or other change, and each such Co-Sale Stockholder shall have ten (10) days from the date of receipt of such written notice to modify the Co-Sale Stockholder Shares that it elected to sell to the prospective transferee as previously indicated in the written notice delivered by such Co-Sale Stockholder, as the case may be, pursuant to Section 5.2.
Price Modifications. ISS reserves the right to revise the Price for any Product at any time upon ISS's publishing revisions to the Price List and provide written notice to Reseller of such changes. Such revised Prices shall apply to all Purchase Orders received and accepted after the date of such revision, except as provided below.
Price Modifications. The prices in this Exhibit shall be effective no later than ten (10) days following the Pricing Effective Date. After the Initial Term, the rate for each Information Service may be modified by Equifax at any time, provided that such modification for any individual Information Service will not be made more than once in any calendar year. Surcharges, expenses, taxes or fees may be modified at any time. Equifax will disclose the modified rates, surcharge, expenses, taxes or fees (the “Modified Prices”) at least one billing cycle in advance through a notice on Client’s invoice, or otherwise, and upon disclosure, if Client objects to the Modified Prices, Client may terminate this Amendment without paying an early termination fee, provided Client delivers notice of termination to Equifax no later than thirty (30) days after the first invoice reflecting the Modified Prices, and Equifax shall cease providing the applicable Information Service.
Price Modifications. JetFax reserves the right to revise the Price at ------------------- any time upon JetFax's publishing of revisions to the Price List. Such revised Prices shall apply to all orders received and accepted after the date of such revision. In the event of any decrease to the Price of any Product, (a) such decreased Price shall apply to all Purchase Orders received and accepted but for which such Products have not been shipped and (b) Dealer shall receive credit for the difference between the then existing and revised Price for any such Product which was shipped during the period thirty (30) days prior to the decrease in Price. Such credit shall in no event give rise to any payment obligation on the part of JetFax but shall only be satisfied by a credit against payment obligations of Dealer arising from future orders (and other than the order under which the Products subject to Price revision were shipped) if any.
Price Modifications. 6.1 The cruise fares indicated in the catalogue are orientation prices referring to staterooms with double occupation. The actual fares are available online at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇/▇▇▇.▇▇▇▇▇▇▇- ▇▇▇▇▇▇▇▇.▇▇ or from the travel agency. Prices for pre- and post-cruise packages or other arrange- ments will become binding upon confirmation according to paragraphs 1 and 4. These prices are part of the travel contract. This does not apply if third-party services are concerned.
6.2 Notwithstanding the above, ICO is entitled to increase the cruise fare should the transportation costs rise due to an increase in fuel costs, fees for certain services such as port or airport charges and security charges or a change of the exchange rates valid for the respective travel period. The price changes are calculated as follows: ICO may increase the cruise fare in accordance with the following calculation if the transportation costs (especially the fuel costs) have risen since the conclusion of the travel contract:
a) If the increase of the cruise fare is related direc- tly to the seat/stateroom, ICO may demand the concrete amount from the traveler.
b) If the carrier requires an increase of transpor- tation costs for a particular means of transpor- tation, the additional transportation costs will be divided by the number of seats on the agreed means of transportation. ICO may then demand the resulting amount for each seat from the travelers.
c) If fees such as port or airport charges have ri- sen since the conclusion of the travel contract, the cruise fare may be increased by the partial amount apportionable to the respective cruise fare.
d) If the exchange rates valid at the time the travel contract was concluded change in such way that the costs for the cruise will rise, ICO is entitled to demand the resulting additional costs from the traveler.
6.3 An increase of the cruise fare is only permit- ▇▇▇ if there are more than 4 months between the conclusion of the contract and the beginning of the cruise. If a price modification should become necessary, the traveler must be notified imme- diately of the new calculation. In any case, price modifications are only possible until the 21st day prior to departure. Afterwards, price modifica- tions are not allowed anymore.
6.4 If the cruise fare will increase by more than 5% or if the travel services will change significantly, the traveler can withdraw from the travel cont- ract or, as with permitted cancellations made by ICO, rebook f...
Price Modifications. Except as set forth in Section 7.16 and Section 1.10 of this Agreement, the prices for Services set forth on Exhibit 1.2 of the Agreement will remain fixed for a period of twelve (12) months from the date of this Agreement, after which time the prices for Services may be increased once each calendar year, with sixty (60) days written notice to BellSouth, by an amount equal to either (i) the national inflation rate as set forth in the Consumer Price Index or (ii) the paging industry wholesale rate increase, but only if and to the extent
Price Modifications. COMPANY reserves the right to revise the Price List at any time upon COMPANY’s publishing revisions to the Price List and providing a minimum of thirty (30) days’ written notice to Reseller of such changes. Such revised prices shall apply to all new Purchase Orders accepted after the date of such revision.