Common use of Most Favored Customer Status Clause in Contracts

Most Favored Customer Status. The purchase price for Motors purchased by Invacare during this agreement shall not be less favorable than the price currently or hereafter extended to any other customer of UPP for Motors sold by UPP with specifications substantially equivalent to the Specifications. In the event that, during the Term of this Agreement, UPP establishes or offers a lower price for the sale of such product, UPP agrees to offer such lower price to Invacare during the period such lower price is in effect and subject to such other terms and conditions applicable to the lower price. From time to time, Invacare may request that UPP certify that it is not selling such product to any of UPP's other customers at a price that is lower than the price Invacare is then paying for Motors.

Appears in 2 contracts

Sources: Supply Agreement, Supply Agreement (Uqm Technologies Inc)