Common use of Determination of Price Clause in Contracts

Determination of Price. MSC reserves the right to correct any pricing mistakes that deviate from the pricing set forth in any quote. Subject to any changes requested by ▇▇▇▇▇, each Order will be billed at the quoted price for sixty (60) calendar days from the date of such quote, and thereafter at the price in effect at the time of shipment. MSC may charge certain additional non-recurring set-up, routine maintenance and refurbishment charges for tooling, as well as charges for the construction of new tooling. The price quoted by MSC to Buyer is based on the volume levels previously communicated by the Buyer to MSC; if volume levels decrease, additional tooling set-up charges may apply and shall be paid by Buyer before any subsequent orders are processed by MSC. Prices quoted and orders accepted are also subject to change due to increases in costs of manufacture, processing, or wages, resulting from the operations of any Federal, State, or municipal law or regulatory measure hereafter adopted and/or due to increased costs of labor, services or materials. All quotations are made and each Order is accepted subject to approval by MSC’s credit department.