Common use of Quantity and Price Clause in Contracts

Quantity and Price. Upon order by Old Fashioned, Sea Breeze will process and pack the ordered quantity of the Products. The Products will be manufactured and packaged in accordance with the formula set forth in Exhibit "B" and shall be shipped at the direction of Old Fashioned within fifteen (15) business days of the order. The fee to be paid by Old Fashioned to Sea Breeze for the Products shall be set forth in Exhibit "C" or as otherwise agreed to by the parties in writing. Should Old Fashioned request a modification of the formulation, the fee charged hereunder will be adjusted based upon a unit cost basis. Should market costs of ingredients and/or supplies change more than 10% for any given component, then Sea Breeze will so advise Old Fashioned and adjust pricing accordingly. Further, an annual review of labor and utility incremental costs will be presented by Sea Breeze to Old Fashioned for consideration of price revision with overall annual increases in this area not to exceed 3% of total price.

Appears in 2 contracts

Sources: Supply Contract (Meridian Usa Holdings Inc), Supply Contract (Meridian Holdings Inc /Fl)