Market Competitive definition

Market Competitive has the meaning set out in paragraph 1.3 of Schedule 11 (Benchmarking).

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Market Competitive has the meaning given to it in Schedule 9;

Market Competitive means that (i) Suppliers are reasonably likely to sign such agreement (after negotiation) or (ii) the negotiating parameters are commercially reasonable.

Examples of Market Competitive in a sentence

Upon agreement or determination pursuant to the dispute resolution mechanism of this Contract that the applicable Contract Prices are not Market Competitive Prices, the Supplier will refund the amount by which the price paid by the Purchasers (commencing as of the date on which the Contract Prices ceased to be Market Competitive Prices) exceeds the Market Competitive Prices, and the Contract Prices will be reduced to such Market Competitive Prices.
The purpose of a benchmark review is to establish whether the Charges for those Services that are subject to a benchmarking exercise (the “Benchmarked Services”) are Market Competitive (as defined below).
Provided that Supplier is able to supply the Company with Products on Market Competitive Terms, Supplier shall sell and Company agrees to purchase Company’s requirements for the Products (or products that reasonably substitute for the Products) from Supplier.
As used above, the term "Market Competitive Supplier", with respect to a specific Joint DDC and/or Joint Product, means [**].
This Agreement shall remain in force indefinitely unless Marathon fails to provide Market Competitive product pricing and Marathon has not become Profitable as at the fifth anniversary of the date of this Agreement, in which case either Party may terminate this Agreement by providing a thirty (30) days written notice.
Supply Chain Provider (Unimin): ▇▇▇▇▇▇▇ ▇▇▇▇▇ Recipient (SNA): ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Export Pricing Specialist Perform Supply Chain Export Pricing Specialist Roles & Responsibilities: • Negotiate Market Competitive Export Container and Air Cargo Freight Rates.
If the Purchasers receive information from any source that indicates that any of the Contract Prices are not Market Competitive Prices, the Purchasers may provide notice of such information to the Supplier.

More Definitions of Market Competitive

Market Competitive means priced within 15% of the highest priced same or analogous product on the market;

Market Competitive means that (i) Suppliers are reasonably likely to agree to pay such fees at such time or (ii) such fees are competitive with similar Transaction Fees paid by suppliers for similar services in similar e-commerce or related industries.

Market Competitive means that the Charges for the Benchmarked Services are less than or equal to the Comparative Charges on which services that are the same as or substantially similar to the Benchmarked Services and of similar volumes and complexity and which are, at the date of commencement of the benchmark review, being provided by a service provider of a similar scale and international, professional standing as the Service Provider (the “Equivalent Services”) on broadly comparable terms and conditions. For these purposes, the “Comparative Charges means the lowest quartile of charges paid for the relevant Equivalent Services over the previous twelve (12) month period by the customers receiving the Equivalent Services, having regard to all relevant factors including: 1.3.1 the financial and performance risks and the investment undertaken by the Parties in connection with this Agreement; and 1.3.2 the quality of service with which the Equivalent Services and the Services under this Agreement are provided.

Market Competitive means that the Charges for the Benchmarked Services are less than or equal to the Comparative Charges on which services that are the same as, or substantially similar to the Benchmarked Services and of similar volumes and complexity, and which are, at the date of commencement of the benchmark review, being provided by a service provider of a similar international, professional standing as the Service Provider (the “Equivalent Services”), on broadly comparable terms and conditions, for Equivalent Services. For these purposes, the “Comparative Charges” means the charges paid for the relevant Equivalent Services over the previous twelve (12) month period by those customers whose charges are (in terms of their overall value for money) in the lowest quartile of charges paid for Equivalent Services having regard to all relevant factors including: 1.2.1 the financial and performance risks, and the investment, undertaken by the Parties in connection with this Agreement; 1.2.2 the quality of service with which the Equivalent Services, and the Services under this Agreement, are provided.