Common use of Minimum Price Clause in Contracts

Minimum Price. The minimum price at which the Consignee may sell the Consigned Items shall be described on Exhibit A attached hereto (the “Minimum Price”). The minimum price will be listed in South Africa Rand (“R”). In the event the Consignee sells the Consigned Items for less than the Minimum Price, the Consignor shall be entitled to the same payment the Consignor would receive as its share of the sale price under this Agreement had the Consigned Items been sold for the Minimum Amount.

Appears in 4 contracts

Sources: Consignment Agreement, Consignment Agreement, Consignment Agreement