For Seagate Software IMG Products. If Seagate Software IMG reduces its standard retail price or offers the Seagate Software IMG Products at a lower price, including raising the discount offered, to any other similarly situated distributor, it will credit Distributor with the difference between the invoice price charged to Distributor and the reduced price for each unit of Seagate Software IMG Products held in inventory by Distributor on the date the reduced price is first offered. Price protection credit will not apply to Seagate Software IMG Products purchased by Distributor from parties other than Seagate Software IMG. Each request for price protection must be in writing and delivered to Seagate Software IMG within twenty (20) business days after Seagate Software IMG's notice of the price reduction, and must provide Seagate Software IMG with written confirmation of the identity and quantity of the inventory for which Distributor claims a credit, as Seagate Software IMG may require. Seagate Software IMG may, in its sole discretion, provide Distributor's customers, on a case by case basis, with a price reduction on inventory purchased within 90 days of price decrease. In such case, proof of purchase by Distributor's customer must be provided. Distributor will use commercially reasonable efforts to provide inventory reporting of its customers' inventory.
Appears in 2 contracts
Sources: North American Distributor Agreement (Veritas Software Corp /De/), North American Distributor Agreement (Veritas Software Corp /De/)