Common use of General Terms and Conditions of Sale Clause in Contracts

General Terms and Conditions of Sale. The price and terms herein specified may be adjusted by Seller at any time after expiration of the Initial Term by written notice from Seller dispatched at least thirty (30) days prior to the effective date of such adjustment. Buyer shall be deemed to have consented to such adjustment unless written rejection of the adjustment is given to Seller before the effective date thereof. Upon receipt of such rejection, Buyer and Seller will have thirty (30) days to reach agreement on the adjustment. If agreement is not reached within thirty (30) days, Buyer will have the right to terminate this Contract at any time thereafter upon thirty (30) days prior notice. Any such adjustment shall apply to all Products shipped by Seller hereunder on and after the effective date thereof unless subsequently again adjusted by Seller. In the event Seller is prevented by any governmental restriction from increasing any price herein or adjusting any term, or from continuing any price or term already in effect, Seller may terminate this Contract by written notice dispatched thirty (30) days prior to date of termination.