Common use of Pricing Commitment Clause in Contracts

Pricing Commitment. At all times during the Term, the Product Price for each Product SKU hereunder shall be no less favorable than the price contemporaneously charged by Parent to any similarly situated, unaffiliated third party customer (for clarity, not including any subcontractor engaged by Parent or its Affiliates) that purchases equal to or less than a similar volume of such Product SKU over the course of a contemporaneous twelve-month period. Any change in a Product Price pursuant to this clause will only be applied on a prospective basis.

Appears in 2 contracts

Sources: Cannula Supply Agreement (Embecta Corp.), Cannula Supply Agreement (Embecta Corp.)