Hardware and Installation. MIKN will not increase HOC's prices ------------------------- for Base TT System Tables, TT System Tables, TT/ST System Tables or TT/SJ System Tables during the first [] months after the Closing Date; provided, however, (i) if the cost of materials and equipment used in the manufacture of Base TT System Tables, TT System Tables, TT/ST System Tables or TT/SJ System Tables supplied to MIKN by third parties increases, MIKN may increase the price charged to HOC for such items, but not by more than the actual increase in such costs to MIKN; and (ii) MIKN may increase HOC's prices for each of a Base TT System Table, TT System Table, TT/ST System Table and a TT/SJ System Table by an amount equal to the amount directly resulting from an increase in labor or overhead incurred by MIKN, but in no event annually more than the greater of (a) five percent (5%) or (b) the amount of increase in the Cost Certain confidential information has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Exchange Act of 1934.
Appears in 2 contracts
Sources: Master Development and Purchase Agreement (Mikohn Gaming Corp), Master Development and Purchase Agreement (Mikohn Gaming Corp)
Hardware and Installation. MIKN will not increase HOC's prices ------------------------- for Base TT System Tables, TT System Tables, TT/ST System Tables or TT/SJ System Tables during the first [] months after the Closing Date; provided, however, (i) if the cost of materials and equipment used in the manufacture of Base TT System Tables, TT System Tables, TT/ST System Tables or TT/SJ System Tables supplied to MIKN by third parties increases, MIKN may increase the price charged to HOC for such items, but not by more than the actual increase in such costs to MIKN; and (ii) MIKN may increase HOC's prices for each of a Base TT System Table, TT System Table, TT/ST System Table and a TT/SJ System Table by an amount equal to the amount directly resulting from an increase in labor or overhead incurred by MIKN, but in no event annually more than the greater of (a) five percent (5%) or (b) the amount of increase in the Cost Certain confidential information has been omitted and filed separately with of Living Index Average For All Cities in that year over the Securities and Exchange Commission pursuant preceding year. Following such [] period, MIKN may increase prices on any Base TT System Tables, TT System Tables, TT/ST System Tables or TT/SJ System Tables subject to Rule 406 of the Securities Exchange Act of 1934Section 7.4.
Appears in 1 contract
Sources: Master Development and Purchase Agreement (Mikohn Gaming Corp)