Common use of Fall Clause Clause in Contracts

Fall Clause. i) It will be a condition of the order that althrough the currency of the prices at which you shall supply the stores, shall not exceed the lowest price charged by you to any other agency including DGS&D. In the event of price going down, you shall promptly pass on such information to enable this Company to amend the ordered rate. ii) If at any time, during the said period, the contractor reduces the sale price of such stores, or sells such stores to any other organisation at a price lower than the price chargeable under this contract, the contractor shall forthwith notify such reduction of sale price to the consignee concerned under intimation to the Chief General Manager(MM), CCL, Darbhanga House, Ranchi 834 001 and the price payable under the contract for the stores supplied after the date of coming into force of such reduction or sale shall stand correspondingly reduced. iii) The contractor shall furnish to the Consignee/Paying Authority concerned, with a copy to the Chief General Manager(MM),CCL,Ranchi,a certificate in the following from alongwith each bill. "I/We certify that the stores of description identical to the stores supplied to the consignee concerned under the contract therein have not been sold by me/us to any other organisation at the commencement of the contract upto the period of completion of delivery at a price lower than the price charged to the concerned consignee of the Contract." Failure in submission of aforesaid by the contract holder may result in with-holding of the payment of their bills against such supply.

Fall Clause. i) It will be a condition of the order that althrough the currency of the prices at which you shall supply the stores, shall not exceed the lowest price charged by you to any other agency including DGS&D. In the event of price going down, you shall promptly pass on such information to enable this Company to amend the ordered rate. ii) If at any time, during the said period, the contractor reduces the sale price of such stores, or sells such stores to any other organisation at a price lower than the price chargeable under this contract, the contractor shall forthwith notify such reduction of sale price to the consignee concerned under intimation to the Chief General Manager(MM), CCL, Darbhanga House, Ranchi 834 001 and the price payable under the contract for the stores supplied after the date of coming into force of such reduction or sale shall stand correspondingly reduced. iii) The contractor shall furnish to the Consignee/Paying Authority concerned, with a copy to the Chief General Manager(MM),CCL,Ranchi,, a certificate in the following from alongwith along with each bill. "I/We certify that the stores of description identical to the stores supplied to the consignee concerned under the contract therein have not been sold by me/us to any other organisation at the commencement of the contract upto the period of completion of delivery at a price lower than the price charged to the concerned consignee of the Contract." Failure in submission of aforesaid by the contract holder may result in with-holding of the payment of their bills against such supply.

Fall Clause. i) It will be a condition of the order that althrough all through the currency of the prices at which you shall supply the stores, shall not exceed the lowest price charged by you to any other agency including DGS&D. In the event of price going down, you shall promptly pass on such information to enable this Company to amend the ordered rate. ii) If at any time, during the said period, the contractor reduces the sale price of such stores, or sells such stores to any other organisation organization at a price lower than the price chargeable under this contract, the contractor shall forthwith notify such reduction of sale price to the consignee concerned under intimation to the Chief General Manager(MM), CCL, Darbhanga House, Ranchi 834 001 and the price payable under the contract for the stores supplied after the date of coming into force of such reduction or sale shall stand correspondingly reduced. iii) The contractor shall furnish to the Consignee/Paying Authority concerned, with a copy to the Chief General Manager(MM),CCL,Ranchi,a certificate in the following from alongwith along with each bill. "I/We certify that the stores of description identical to the stores supplied to the consignee concerned under the contract therein have not been sold by me/us to any other organisation organization at the commencement of the contract upto the period of completion of delivery at a price lower than the price charged to the concerned consignee of the Contract." Failure in submission of aforesaid by the contract holder may result in with-holding of the payment of their bills against such supply.