Common use of Credit notes Clause in Contracts

Credit notes. Debit Notes To the extent not already credited in the calculation of any Settlement Amount, the amount of any Credit Notes issued relating to a Purchased Receivable and not included in such calculation shall be applied to reduce the Settlement Amount owed by IBM GF to the Supplier on the next Supplier Settlement Date. Debit Notes that (a) re-state the original amount of a Supplier Invoice shall not be taken into any calculation under this Agreement but Debit Notes that (b) increase the amount of a Supplier Invoice shall be treated, in respect, only, of the amount of the increase, as a Supplier Invoice Notified on the date of the Debit Note, such Notification to be in the amount of the increase and to be treated as subject to the terms of this Agreement and the relevant Buyer Agreement as from the date on which the Debit Note is Notified.