TERM OF PRICE AGREEMENT Sample Clauses

TERM OF PRICE AGREEMENT. The initial Price Agreement Term shall be 2 years beginning on the date that OSP signs the Price Agreement. OSP and Contractor may extend the term of the Price Agreement for additional periods, with the aggregate Price Agreement term not to exceed six (6) years, unless terminated earlier in accordance with the termination provisions set forth herein.
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TERM OF PRICE AGREEMENT. The term of this Price Agreement shall be for one (1) year from date of award with the option to extend for a period of five (5) additional years, on a year-to-year basis, by mutual agreement of all parties and approval of the New Mexico State Purchasing Agent at the same price, terms and conditions. This Price Agreement shall not exceed six (6) years.
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TERM OF PRICE AGREEMENT. The initial term of the Price Agreement is two (2) years, beginning on the date on which this Price Agreement has been signed by all the parties and all governmental approvals necessary for execution have been obtained (“Effective Date”), unless terminated sooner in accordance with the termination provisions. DAS reserves the right to amend the Price Agreement to extend the initial two (2) year term by one (1) or two (2) year terms, for a maximum term of ten (10) years.
Sample 1
TERM OF PRICE AGREEMENT. The initial Price Agreement Term shall be 2 years beginning on the date that ODOC and Contractor(s) sign the PA and all required approvals have been obtained (“Effective Date”). ODOC and Contractor may extend the term of the Price Agreement for additional two (2) year periods by agreement of the parties as set forth herein, unless terminated earlier in accordance with the termination provisions set forth herein. The maximum term of this agreement is 10 years or $150K aggregated spending whichever comes first.
Sample 1
TERM OF PRICE AGREEMENT. The initial Price Agreement Term shall be for 5 years beginning on the date that ODA signs the Price Agreement. ODA and Contractor may extend the term of the Price Agreement for additional two (2) year periods, with the aggregate Price Agreement term not to exceed ten (10) years, unless terminated earlier in accordance with the termination provisions set forth herein or up to $150,000.00 whichever comes first.
Sample 1
TERM OF PRICE AGREEMENT. The Contractor shall commence work on the date this Price Agreement is executed. and shall continue for a three-year period, renewable for two additional one-year periods.
Sample 1
TERM OF PRICE AGREEMENT. The term of this Price Agreement shall be for one (1) year from date of award with the option to extend for a period of five (5) additional years, on a year-to-year basis, by mutual agreement of all parties and approval of the New Mexico State Purchasing Agent at the same price, terms and conditions. This Price Agreement shall not exceed four (6) years. Price Escalation Clause: Contractor shall submit all price escalation/reduction requests to the State Purchasing Division through the agency contact, in writing and provide substantiating evidence that each request is based on demonstrable market changes impacting the cost of products. The request must show all proposed increases by line item and include supporting documentation acceptable to SPD (such as a letter from a manufacturer indicating price increases, etc.). Each request shall be approved on a case-by-case basis and shall not be combined with previous and/or future requests. SPD’s decision on what is acceptable in this context is final and shall be accepted by all parties to the Agreement. Price increases shall not result in a higher profit margin for the Contractor than at the beginning of the initial term of this Agreement. Pricing changes will apply to Agreements and Amendments to Agreements entered on and after the effective date of the price change. Price decreases as well as increases shall apply in the same manner. If vendor's prices are reduced for any reason, users shall receive the benefit of such reductions, immediately. Price increases will not be retroactive to orders already in house or backorders. Orders will be filled at the price in effect on the date of receipt of the order by the vendor. To facilitate prompt consideration, all requests for price increase must include all information listed below:
Sample 1
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TERM OF PRICE AGREEMENT 
Sample 1

Related to TERM OF PRICE AGREEMENT

  • Term of Agreement This Agreement shall continue in full force and effect until the tenth (10th) anniversary of Bank Closing; provided, that the provisions of Section 6.3 and 6.4 shall survive the expiration of the term of this Agreement; and provided further, that the receivership of the Failed Bank may be terminated prior to the expiration of the term of this Agreement, and in such event, the guaranty of the Corporation, as provided in and in accordance with the provisions of Section 12.7 shall be in effect for the remainder of the term of this Agreement. Expiration of the term of this Agreement shall not affect any claim or liability of any party with respect to any (i) amount which is owing at the time of such expiration, regardless of when such amount becomes payable, and (ii) breach of this Agreement occurring prior to such expiration, regardless of when such breach is discovered.

  • TERM OF FRAMEWORK AGREEMENT The Framework Agreement shall take effect on the Commencement Date and (unless it is otherwise terminated in accordance with the terms of this Framework Agreement or it is otherwise lawfully terminated) shall terminate at the end of the Term.

  • Term of the Agreement 2.1 The term of this Agreement shall be three years, beginning on the Effective Date and shall apply to the BellSouth territory in the state(s) of Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee. Notwithstanding any prior agreement of the Parties, the rates, terms and conditions of this Agreement shall not be applied retroactively prior to the Effective Date.

  • Term of Master Agreement Section 10.1 is replaced in its entirety, as follows:

  • Item Agreement As negotiated items are agreed upon, they shall be reduced to writing and initialed by the chief negotiator of each party. Such initialing shall be construed as tentative agreement by both parties on that item or issue, subject to finalization by ratification by the membership of the Association and adoption by the Board.

  • Entirety of Agreement This Agreement represents the entire and integrated agreement between the parties and supersedes all prior negotiations, representations, and agreements, whether written or oral.

  • TERM OF AGREEMENT AND RENEWAL The Agreement shall remain in effect from the date of execution hereof through the expiration of a one year period, and may be renewed upon the mutual consent of the Parties.

  • Term of Agreement and Renewals The Agreement with TIPS is for approximately three (3) years with an option for renewal for an additional one

  • TERM OF AGREEMENT/TERMINATION The term of this Agreement shall commence on the date hereof and such term and this Agreement shall terminate upon the earlier to occur of (i) the Effective Time, and (ii) the date on which the Merger Agreement is terminated in accordance with its terms. Upon such termination, no party shall have any further obligations or liabilities hereunder; PROVIDED, HOWEVER, such termination shall not relieve any party from liability for any breach of this Agreement prior to such termination.

  • Term of Agreement and Termination 2.1. This Agreement enters into effect at the time of acceptance of this Agreement.

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