Price Redetermination. Prices quoted shall be firm and fixed unless otherwise stipulated in the Special Conditions of the Invitation For Bid/Request for Proposal. For multiple-year contracts, prices shall remain firm and fixed during the initial term of the contract. At the end of the initial contract term, and at the end of each contract term thereafter, the Contractor may request a price adjustment. Such requests must be submitted in writing at least 60 calendar days prior to the end of the contract term and shall include the cause for the adjustment, the amount of change requested, and documentation to support the requested adjustment. Only pass-through price adjustments will be considered, and any proposed price increase must be proven to be general throughout the industry. Requests for price increases must be accompanied by sufficient documentation to justify the request including, for example, certified letters from a manufacturer or published price indices such as the Producer Price Index that substantiate a price increase. Xxxx’x Daughter must agree to and approve any proposed price adjustment before its effective date. The adjusted price(s) become effective starting with the term beginning after the approval and shall be firm and fixed for the next contract term.
Price Redetermination. Upon the Contracting Officer’s receipt of the data required by paragraph (d) of this section, the Contracting Officer and the Contractor shall promptly negotiate to redetermine fair and reasonable prices for supplies that may be delivered or services that may be performed in the period following the effective date of price redetermination.
Price Redetermination. (a) At any time following a revised C Market Price agreed or determined pursuant to Clause 10 of the Principal Contract taking effect, the references in Clause 16.1 to "the date of this Agreement" will be deemed to be to "the date upon which the current C Market Price was agreed or determined pursuant to Clause 10 of the Principal Contract".
Price Redetermination. 5.1 In the event the Purchase Order Contract is renewed, the unit prices (hereinafter called the “base selling price”) shall remain firm for the first twelve
Price Redetermination. Less common for contracts with terms of five years or less. For contracts with longer terms, the mechanism for tracking spot prices can be renegotiated once after four years. If parties cannot agree, a mechanism will be set by arbitration, but the contract automatically phases out within two years.
Price Redetermination. Prices quoted shall be firm and fixed unless otherwise stipulated in the Special Conditions of the Invitation For Bid. For multiple year contracts, prices shall remain firm and fixed during the initial term of the contract. At the end of the initial contract term, and at the end of each contract term thereafter, the Contractor may request a price adjustment. Such requests must be submitted in writing at least 60 calendar days prior to the end of the contract term and shall include the cause for the adjustment, the amount of change requested, and documentation to support the requested adjustment. Only pass through price adjustments will be considered and any proposed price increase must be proven to be general throughout the industry. Requests for price increases must be accompanied by sufficient documentation to justify the request including, for example, certified letters from a manufacturer or published price indexes such as the Producer Price Index that substantiate a price increase. The University Contracting Officer must agree to and approve any proposed price adjustment before its effective date. The adjusted price(s) become effective starting with the term beginning after the approval and shall be firm and fixed for the next contract term.
Price Redetermination. The formulaic process by which the price per AF for Conserved Water under the Agreement may be changed as a result of the consideration of Eligible Transactions and the volume of the Projected Average Annual Transfers from Qualifying Transactions. The methodology, explanation and illustration for a Price Redetermination is set forth on Exhibit E. A Price Redetermination proceeds through the following steps:
Price Redetermination. The Request For A Price Redetermination must be accompanied by information the Party reasonably believes satisfies the conditions to commencement identified in § 5.3(a) above, and any other information the requesting Party wishes to have considered. The non- requesting Party shall have ninety (90) days to furnish information it wishes to have considered. The Price Redetermination will be deemed to have commenced as of the date of the Request For A Price Redetermination.
Price Redetermination. It is the intent of CUSA and NGC that the First of the Month Commodity Price and the Incremental Gas Commodity Price of Committed Gas delivered at a given Delivery Point under this Agreement reflect the prevailing fair market value of spot gas at that Delivery Point. CUSA and NGC agree that the Published Index Prices designated in Exhibit A and corresponding Gas Daily Index Prices represent an accurate measure of the fair market value of spot gas because those index prices reflect surveys of prices paid in actual transactions between willing buyers and sellers under no compulsion to buy or sell. In the event CUSA or NGC believes in good faith that the Published Index Prices or the corresponding Gas Daily Index Prices, or both, no longer represent an accurate measure of the fair market value of spot gas, that Party may seek a price redetermination in accordance with the following procedure.
Price Redetermination. It is the intent of Producer and Dynegy that the FOM Commodity Price and the Swing Gas Commodity Price of Committed Gas delivered at a given Delivery Point under this Agreement reflect the prevailing fair market value of spot gas at that Delivery Point. Producer and * Dynegy agree that the [REDACTED] designated in Exhibit "A" and corresponding * [REDACTED] represent an accurate measure of the fair market value of spot * gas because [REDACTED]. In the event Producer or Dynegy believes in good * faith that the [REDACTED] or the corresponding [REDACTED], or both, no longer represent an accurate measure of the fair market value of spot gas, that Party may seek a price redetermination in accordance with the following procedure.
