Kit Price definition
Examples of Kit Price in a sentence
HDL agrees to pay the Kit Price for each Manual Test Kit purchased by HDL and its Affiliates.
The Kit Price payable by LabCorp and its Affiliates for Manual Test Kits shall be no less favorable than the price charged by BGM to any third parties in the U.S. for Manual Test Kits other than (i) sales of Manual Test Kits to agencies of the U.S. federal government, or (ii) sales of Manual Test Kits to third parties solely for the purpose of conducting research in collaboration with BGM.
The Kit Price shall be [***], subject to any adjustments pursuant to this Section 4.2.
In the event BGM offers a third party (other than those excluded above) more favorable pricing for Manual Test Kits, BGM shall immediately notify LabCorp in writing and LabCorp may accept such more favorable pricing in lieu of the Kit Price established under this Agreement by providing notice to BGM.
In the event that BGM supplies Manual Test Kits that are not capable of performing at least [***] ([***]) Manual Tests per Manual Test Kit, then the parties agree to negotiate in good faith on an equitable adjustment to the Kit Price.
For any deliveries after December 31, 1997, the above 1997 Base Kit Price shall be adjusted according to the formula outlined in Exhibit F.
LabCorp agrees to pay the Kit Price for each Manual Test Kit purchased by LabCorp and its Affiliates, subject to any adjustments under Section 4.2 below.
The parties acknowledge that the Kit Price was established based on the assumption that each Manual Test Kit will be capable of being used by LabCorp or its Affiliates to perform at least [***] ([***]) Manual Tests.