PATRIOT SELLING PRICE DURING EXTENDED TERM Sample Clauses

The "Patriot Selling Price During Extended Term" clause defines how the selling price for Patriot products or services will be determined if the contract is extended beyond its original term. Typically, this clause outlines the method for calculating the price, such as referencing a fixed rate, a formula based on market indices, or a negotiated adjustment. For example, it may specify that prices during the extended term will increase by a certain percentage or be subject to renegotiation. The core function of this clause is to provide predictability and transparency regarding pricing during contract extensions, thereby preventing disputes and ensuring both parties understand the financial terms that will apply if the agreement continues past its initial period.
PATRIOT SELLING PRICE DURING EXTENDED TERM. 5.1 Scope of Article 5. This Article 5 governs the price of coal purchased by COALSALES II from Patriot under this Agreement during the Extended Term, if any. The price of coal purchased by COALSALES II from Patriot under this Agreement during the Original Term will be governed by Section 4.8.
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PATRIOT SELLING PRICE DURING EXTENDED TERM. The “Patriot Selling Price” per ton at which COALSALES II will purchase coal from Patriot under this Agreement during each Extended Term Price Period will equal: (a) the Patriot Base Price per ton for that Extended Term Price Period, as determined under Section 5.8, and (b) adjusted for quality pursuant to Section 4.11 of this Agreement. For the sake of clarity, during the Extended Term, the Patriot Selling Price will not be reduced pursuant to Article V of the Exhibit A Terms.
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Related to PATRIOT SELLING PRICE DURING EXTENDED TERM

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