Common use of Sales Representation Clause in Contracts

Sales Representation. Institution has represented to ▇▇▇▇▇▇ & ▇▇▇▇▇ College that sales for the year ended June 30, 2021 were $145,647.96, net of all refunds, voids, sales tax, low or no margin sales, and discounts provided to customers, as provided by Institution on July 7, 2021. This figure includes sales in all locations for which ▇▇▇▇▇▇ & ▇▇▇▇▇ College will assume operations. Because ▇▇▇▇▇▇ & ▇▇▇▇▇ College based its financial offer in reliance on this figure and maintaining the existing business and programs, the parties agree to renegotiate the financial terms of the Agreement if the reported sales are found to be in error or materially inaccurate.

Sales Representation. Institution has represented to ▇▇▇▇▇▇ & ▇▇▇▇▇ College that sales for the year years ended June 30, 2021 April 2022 were $145,647.963,366,000, net of all refunds, voids, sales tax, low or no margin sales, and discounts provided to customers, as provided by Institution on July 7, 2021. FY22 This figure includes sales in all locations for which ▇▇▇▇▇▇ & ▇▇▇▇▇ College will assume operations. Because ▇▇▇▇▇▇ & ▇▇▇▇▇ College based its financial offer in reliance on this figure and maintaining the existing business and programs, the parties agree to renegotiate the financial terms of the Agreement if the reported sales are found to be in error or materially inaccurate.