Common use of Minimum Price Clause in Contracts

Minimum Price. The Minimum Price and a statement of the Purchaser’s justification for the Minimum Price is set out in Part 6 of Schedule 2. The Minimum Price may only be varied in accordance with clause 20.3. If a variation under this clause 10.3 reduces the Minimum Price, the reduction must not occur before the variation.

Minimum Price. The Minimum Price and a statement of the Purchaser’s justification for the Minimum Price is set out in Part 6 of Schedule 2. The Minimum Price may only be varied in accordance with clause 20.3. If a variation under this clause 10.3 reduces the Minimum Price, ,the reduction must not occur before the variation.