Common use of Preferential Pricing Clause in Contracts

Preferential Pricing. Supplier warrants that it is selling the Deliverables at the lowest prices and upon the most favorable terms (including, without limitation, volume, quality and/or payment terms) that it offers any buyer for Deliverables of the same or similar quality and volume to that provided for in the Purchase Agreement. If, during the term of the Purchase Agreement, Supplier makes an offer to sell any such Deliverables to a third party at a lower price or upon one or more terms that are more favorable than the price or terms then applicable under the Purchase Agreement, Supplier shall notify Buyer of the same and an equivalent reduction or modification of terms will apply to all Deliverables purchased thereafter for the balance of the term of the Purchase Agreement.