Reduction in Price Clause Samples

Reduction in Price. The contract price has been reduced by written amendment or change order,
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Reduction in Price. In either case, the purchase price for the Interest in the Company of the Member who has failed to tender the required cash or certified funds in a timely fashion shall be an amount equal to seventy-five percent (75%) of the purchase price determined under section 11.04 herein.
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Reduction in Price. ‌ If there is a reduction in the work or Services provided to the State by the Contractor, there shall be a corresponding reduction in the Charges the State pays to the Contractor for such work or Services.
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Reduction in Price. 1Quality standards If the contractor fails to deliver the supply in accordance with the FWC or a specific contract (‘unperformed obligations’) or if it fails to deliver the supply in accordance with the expected quality levels specified in the tender specifications (‘low quality delivery’), the contracting authority may reduce or recover payments proportionally to the seriousness of the unperformed obligations or low quality delivery. This includes in particular cases where the contracting authority cannot approve a document or deliver a certificate of conformity for supply as defined in Article I.6 after the contractor has submitted the required additional information, correction or new supply. A reduction in price may be imposed together with liquidated damages under the conditions of Article 2.14.
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Reduction in Price. Quality standards
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Reduction in Price 
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Related to Reduction in Price

  • Reduction in Hours (a) Reduction in hours shall be based on seniority, providing that affected employees have the qualifications to perform the work that is available and that licensing standards can be maintained. (b) Any regular employee offered a reduction of hours shall have the right to choose layoff as per Article 13.3. (c) Any regular employee offered a reduction of hours shall be given two (2) weeks’ notice of the reduction.

  • Price Reduction Notwithstanding any other provision set forth in this Warrant, at any time and from time to time during the period that this Warrant is exercisable, the Company in its sole discretion may reduce the Purchase Price or extend the period during which this Warrant is exercisable.