Discount Payments Clause Samples

The Discount Payments clause defines the terms under which a buyer is entitled to pay less than the full invoice amount, typically as an incentive for early payment. This clause specifies the conditions, such as payment deadlines and the percentage or amount of discount offered, that must be met for the discount to apply. By clearly outlining these terms, the clause encourages prompt payment and helps both parties avoid misunderstandings regarding payment amounts and timing.
Discount Payments. On the Settlement Date for each Receivable Interest of the Committed Purchasers in a Group, the Seller shall pay to the applicable Co-Agent (for the benefit of such Committed Purchasers) an aggregate amount equal to the accrued and unpaid Discount for the entire Tranche Period of each such Receivable Interest in accordance with Section 1.5.
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Discount Payments. On the Settlement Date for each Receivable Interest of the Investors, the Seller shall pay to the Agent (for the benefit of the Investors) an aggregate amount equal to the accrued and unpaid Discount for the entire Settlement Period of each such Receivable Interest in accordance with Sections 1.6 and 1.7.
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Discount Payments. (i) On the date of issuance of an Acceptance, the Issuing Bank shall discount the related Acceptance Draft by deducting from the face amount thereof a discount equal to the sum of (A) the Acceptance Rate determined by the Issuing Bank with respect to such Acceptance Draft, and (B) an origination fee in an amount equal to 1/4 of 1% per annum on the face amount of such Acceptance Draft for the period from and including such date of issuance to but excluding the scheduled maturity date of such Acceptance Draft (computed on the basis of a year of 360 days for the actual number of days elapsed), and shall make the net amount available to the Borrower in the same manner as Loans are to be made available to the Borrower as provided herein; provided that the Issuing Bank may, in its discretion, deduct from the net amount to be made available to the Borrower the amount of acceptance fees payable pursuant to Section 2.12(d), in which case the amount of such fees so deducted shall be made available by the Issuing Bank to the Administrative Agent for distribution to the Revolving Lenders. The Issuing Bank shall retain for its own account the amounts so deducted, except as expressly provided above with respect to acceptance fees. (ii) The Issuing Bank may, in its sole discretion, either retain for its own account or re-discount to third parties any Acceptance Draft. If the Issuing Bank re-discounts an Acceptance Draft, the Issuing Bank shall retain the proceeds thereof for its own account. (iii) The Borrower shall be obligated, and hereby agrees, to pay to the Administrative Agent, for the account of the Issuing Bank, the face amount of each Acceptance Draft not later than 2:00 p.m., New York City time, on the stated maturity date thereof. If the Borrower fails to make such payment when due, the Administrative Agent shall notify each Revolving Lender of such failure, the payment then due from the Borrower and such Lender's Applicable Percentage thereof. Promptly following receipt of such notice, each Revolving Lender shall pay to the Administrative Agent its Applicable Percentage of the payment then due from the Borrower, in the same manner as provided in Section 2.06 with respect to Loans made by such Lender (and Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the Revolving Lenders), and the Administrative Agent shall promptly pay to the Issuing Bank the amount so received by it from the Revolving Lenders. Promptly following receipt by the Ad...
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Discount Payments. 8 Section 3.03 Calculation of Discount.............................................................. 8
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Related to Discount Payments

  • PAYMENT TERMS/DISCOUNTS The County’s payment terms are in accordance with Florida Statute 218, Local Government Prompt Payment Act. Cash discounts for prompt payment shall not be considered in determining the lowest net cost for bid evaluation purposes.

  • Reimbursement Payments The Department shall, to the extent funds are available, reimburse the Grantee for eligible claims presented for payment if the Department determines the requirements for reimbursement have been met. Claims under this Contract can only be made for the period this Contract is in effect. Reimbursement programs include the following: 4.3.1. Title IV-E Federal ▇▇▇▇▇▇ Care Program (Grant “E”). In accordance with the requirements detailed in the specific grant requirements, the Department shall reimburse the Grantee under ▇▇▇▇▇ E the maximum federal dollar share for the following: ▇▇▇▇▇▇ care maintenance claims for eligible juvenile probation children, dir ect administrative claims, and enhanced administrative claims. Upon review and approval of supporting documentation, the Department shall reimburse the Grantee as requests for reimbursement are presented for payment provided there is sufficient Title IV-E grant award authority against which to process presented claims and providing said funds are being reimbursed to the Department by Texas Department of Family and Protective Services (TDFPS) via the interagency agreement. To be eligible for reimbursement, all costs must be reasonable, allowable, and properly allocated for support of the ▇▇▇▇▇▇ care program. A direct or enhanced administrative claim is not eligible for reimbursement if the basis of the claim has funding from any other federal source. 4.3.2. JJAEP Program (Grant "P"). Grantees eligible for reimbursements under ▇▇▇▇▇ ▇ shall receive a share of the initial $1,500,000 distribution based on each Grantee's share of the total juvenile population for each school year for the current contract period. Additional funds will be distributed at a rate not to exceed $96 per eligible student attendance day for students who are required to be expelled pursuant to Chapter 37 of the Texas Education Code and who meet the Targeted Grant requirements. The Grantee will not be able to receive the additional funds until the initial amount allocated is earned at the rate of $86 per eligible student attendance day. Payments to the Grantee by the Department shall be limited to no more than 180 days of operation during each regular school year for the current contract period.

  • Amount Payable The Subscriber will provide the funds required to purchase the Purchased Units (the “Purchase Price”) by no later than 10:00 a.m. on each Closing Date (as defined below) by certified cheque payable to the Partnership to be held in trust by the General Partner, and released in order to be applied to the purchase hereof. The Subscriber hereby instructs the General Partner to deal with the Purchase Price on the terms set forth herein.

  • PROMPT PAYMENT DISCOUNTS If a Contractor offers a discount for prompt payment, the Contractor shall include the terms of the discount on all invoices, the amounts which are due if the Authorized User meets the terms, and the number of days for which the prompt payment discount offer applies.

  • Discount In connection with any discount offered for early payment, time shall be computed from the date of the invoice. For the purpose of computing the discount earned, payment shall be considered to have been made on the date which appears on the payment check or the specified payment date if an electronic funds transfer payment is made.