Most Favored Nation. STATUS OF STATE Contractor agrees to give the State and Customers of this Contract “Most Favored Nation” status, in that Contractor agrees that no other similarly situated public customer of Contractor or any of its Affiliates will receive rates for a substantially similar service, or suite of services, offered under substantially similar terms and conditions that are lower than the statewide rates provided hereunder when the volume of business from the other public customer is equal to or less than the volume of business the State delivers under this Contract. Contractor agrees to promptly bring to State’s attention instances in which other public customers of Contractor or any of its Affiliates may receive lower rates for substantially similar services. If Contractor or its Affiliates offer lower rates to any other public customer for the same or a substantially similar service, or suite of services, offered under substantially similar terms and conditions, Contractor shall adjust the State’s rates prospectively to match or beat such rates. If Contractor offers a bundled package of Deliverables and/or Services under substantially similar terms and conditions to other public Customers at a rate lower than the rate(s) charged to the State for such Deliverables and/or Services provided under this Contract, the State reserves the right to order a similarly bundled package of Deliverables and/or Services at such lower rate. At the end of each Contract year, an executive level officer of Contractor shall certify in writing to the State that Contractor has complied with this provision. If Contractor is not in compliance with this Section, Contractor and the State shall make adjustments and/or payment as necessary and described above and in Section 50. Nothing herein shall be construed to require Contractor to offer, provision or sell Services in a manner that conflicts with applicable laws or regulations. Rates established through the ICB and IPR processes described in Sections 71 and 72 respectively are exempt from this “Most Favored Nation” qualification.
Most Favored Nation means that services are offered to a party on terms and conditions, including price, that are at least as favorable as those offered to other parties that are comparable in size and scope;
Most Favored Nation. Clause: No agreement shall be made by the Union with other employers in this industry which contains any terms more favorable to any employer than the terms in this Agreement, including Territorial Jurisdiction. The Union agrees to inform the Companies signatory to this Agreement upon the signing of this Agreement by any new signatory.
Examples of Most Favored Nation in a sentence
In addition, Most Favored Nation status does not allow application of the preference.
Most Favored Nation Pricing: If the bidder offers some items from a catalog to its best customers the bidder most offer those items to the Commonwealth at the same or lower price even if that price results in a greater discount than the bid discount.
On November 20, 2020, CMS issued an interim final rule implementing President Trump’s Most Favored Nation executive order, which would tie Medicare Part B payments for certain physician-administered drugs to the lowest price paid in other economically advanced countries.
A tab included in the Bidders workbook but not included in the Market Basket, is Most Favored Nation.
The WTO agreement also requires countries to provide companies from other WTO countries with Most Favored Nation (“MFN”) treatment.
More Definitions of Most Favored Nation
Most Favored Nation pricing means revenue sharing on terms no less favorable to Microsoft than those granted by FairMarket to other FairMarket Network members for a comparable service.
Most Favored Nation means the best treatment provided by Afghanistan to particular goods originating from any country.
Most Favored Nation. Subject to the next sentence and to Section 4.13 below, from November ___, 2022, until the earlier of (i) November ___, 2024, (ii) the day after the date on which the Company’s Common Stock is listed on a U.S. national securities exchange, or (iii) the date on which the Purchaser no longer holds any of the Shares acquired by it hereunder, the Company shall not consummate any unregistered private offering or an initial (but not any subsequent) public offering for cash consideration of its capital stock (or securities convertible into shares of capital stock) (the “Other Securities”) to any individual or entity (an “Other Investor”) that provides such Other Investor with any right, benefit, term or condition relating to the Shares that is more favorable in any material respect to the Other Investor than the rights, benefits, terms and conditions relating to the Shares established in favor of the Purchaser pursuant to this Agreement and the other Transaction Documents, unless, in any such case, (i) the Company notifies the Purchaser of such more favorable right, benefit, term or condition within two (2) Business Days prior to the issuance of the Other Securities, and (ii) Purchaser has been provided with the opportunity to execute a definitive written agreement or agreements between the Company and the Purchaser (which may be an amendment to this Agreement or another Transaction Document), duly executed by the Company, providing the Purchaser such right, benefit, term or condition, solely with respect to the Shares then held by the Purchaser, not later than the date of issuance of the Other Securities. Notwithstanding anything in the preceding sentence to the contrary, the foregoing shall not apply to (i) the price of the other Securities (but without prejudice to Section 4.11) or the number thereof, (ii) any provision that is solely related to any regulation imposed on, or tax provisions applicable to, the Other Investor (unless the Purchaser is subject to the same or similar regulations or requirements), (iii) any provision that is personal to the Other Investor solely based on the place of organization or headquarters, or organizational form of or governing documents of (or regulations applicable to) the Other Investor (unless the Purchaser has the same or similar place of organization or headquarters, or organizational form, or regulations applicable to the investor), or (iv) any provision that relates to commercial rights that primarily involve or are an...
Most Favored Nation or MFN means the country which is the recipient of this treatment must, nominally, receive equal trade advantages as the "most favored nation" by the country granting such treatment.
Most Favored Nation. Clause. For as long as Purchaser or any of its Affiliates (each a “Purchaser Party”) is a holder of capital stock in the Company or any successor thereto, the Company shall not grant to any other holder (beneficial or otherwise) of capital stock in the Company or securities convertible into, or exercisable or exchangeable for, capital stock in the Company rights and/or terms with respect to such capital stock (or with respect to such holder’s status as a holder of such capital stock) more favorable than the rights and/or terms then held by any Purchaser Party, unless the Company also grants such favorable terms to such Purchaser Party.
Most Favored Nation. To the extent any holder of any class or series of preferred stock of the Company outstanding at the time of conversion has any additional or more favorable rights, the holders of Preferred Stock will be afforded the same rights.
Most Favored Nation. (“MFN”) rights. Any inconsistencies between the provisions of this Amendment and other provisions of the current ICA or future interconnection agreements described above, through the Termination Date, will be governed by the provisions of this Amendment, unless this Amendment is specifically and expressly superseded by a future amendment between the Parties. However, if the underlying ICA or interconnection agreement expires sooner than the Termination Date, the Parties agree that the Amendment shall not extend or otherwise alter the term and termination rights of the underlying ICA or interconnection agreement, but instead, the Amendment will be incorporated into any successor interconnection agreement between the Parties through the Termination Date.