Reasonable Price Sample Clauses

Reasonable Price. Contractors are expected to assess reasonable price by analyzing the contract scope for DBE subcontract feasibility and comparing common line items in DBE and non-DBE subcontract quotes for the same work. Per federal regulation, reasonable price is not necessarily the lowest price.
Reasonable Price. No more than reasonable prices will be paid for any goods or services financed, in whole or in part, under the Agreement. Such items will be procured on a fair and, to the maximum extent practicable, competitive basis.
Reasonable Price. The price at which a service is available under non-commercial service is often below the price that would be charged by an unconstrained monopolist and frequently below both the standalone and incremental costs of that service. The price is often set as a uniform price when costs differ between different types of customers. A classic example of a situation in which service is provided at below the incremental cost is rural telephone service. Rural telephone service is often available at the same price as urban service, despite the fact that building a telephone network in urban areas is arguably much cheaper, per user, than building a network to serve rural users. The local loop that runs from a switch to the individual’s home is often much longer than for urban customers. The extended length of the line leads to higher initial costs of building the network to serve a customer and higher maintenance costs thereafter.44 As a result, the long run marginal cost per user is much higher in rural areas than in urban areas. Setting a constant price for line access across users with different costs will lead people not to reflect their own costs when making consumption decisions. To the extent that actual cost differences are hidden by the pricing system, this will lead to a misallocation of resources and a tax on others that may not be compensated by appropriate benefits. In order to justify such pricing policies, a service should have special social significance. The setting of the “reasonable price” can be of tremendous importance for competition and liberalization. If the reasonable price is set below the incremental cost of providing the service and there is another substitutable lower cost service available on the market, consumers will choose the cheaper service, even though the cheaper service may be more costly. An example in which this situation might arise is rural telephone service. The “reasonable price” may be set very low for fixed line access, when in fact wireless service might be cheaper to provide in some rural areas. However, customers will make the economically inefficient decision to choose wireline service if the price signals do not reflect the relative costs.
Reasonable Price. No more than reasonable prices shall be paid for any goods or services financed, in whole or in part, under· the Loari, as more fully described in Implementation Letters. Such items shall be procured on a fair· basis in atcordance with pro­ cedures therefor prescribed in Implementation Letters.

Related to Reasonable Price

  • Reasonable Precautions LEA shall take reasonable precautions to secure usernames, passwords, and any other means of gaining access to the services and hosted data.

  • Reasonable Notice If any applicable provision of any law requires Secured Party to give reasonable notice of any sale or disposition or other action, Pledgor hereby agrees that ten days’ prior written notice shall constitute reasonable notice thereof. Such notice, in the case of public sale, shall state the time and place fixed for such sale and, in the case of private sale, the time after which such sale is to be made.

  • Market Price The term "Market Price" on any date shall mean, with respect to any class or series of outstanding Equity Shares, the Closing Price for such Equity Shares on such date. The "Closing Price" on any date shall mean the last sale price for such Equity Shares, regular way, or, in case no such sale takes place on such day, the average of the closing bid and asked prices, regular way, for such Equity Shares, in either case as reported in the principal consolidated transaction reporting system with respect to securities listed or admitted to trading on the AMEX or, if such Equity Shares are not listed or admitted to trading on the AMEX, as reported on the principal consolidated transaction reporting system with respect to securities listed on the principal national securities exchange on which such Equity Shares are listed or admitted to trading or, if such Equity Shares are not listed or admitted to trading on any national securities exchange, the last quoted price, or, if not so quoted, the average of the high bid and low asked prices in the over-the-counter market, as reported by the National Association of Securities Dealers, Inc. Automated Quotation System or, if such system is no longer in use, the principal other automated quotation system that may then be in use or, if such Equity Shares are not quoted by any such organization, the average of the closing bid and asked prices as furnished by a professional market maker making a market in such Equity Shares selected by the Trustees or, in the event that no trading price is available for such Equity Shares, the fair market value of Equity Shares, as determined in good faith by the Trustees.