Prompt Payment Discount definition

Prompt Payment Discount. 10 days (e. g. 1% 10 days, 2% 10 days)
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Prompt Payment Discount means any discount or reduction, given in respect of the relevant year (quantified on the assumption of 3300 kWh annual consumption for a Standard Domestic Tariff, and on the basis of 6600 kWh annual consumption for a Domestic Economy 7 Tariff), for the prompt or timely payment of bills by cash or cheque, compared with the charge which would be made where payment is not made promptly or on time.
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Prompt Payment Discount means the discount provided to Customers for the purchase of Caphosol within the US only, where the Customer pays their outstanding liability for product within thirty-one (31) days of receipt of that product;
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Examples of Prompt Payment Discount in a sentence

  • PROMPT PAYMENT DISCOUNT, IF APPLICABLE, SHALL BE SHOWN ON THE INVOICE.

  • Please indicate whether or not you are able to meet this requirement YES YES NO Vendor Please Type Vendor Name in the yellow shaded box Superior Bakery NOTE: ALL PRICES PROPOSED BELOW ARE BASED OFF NET 30 DAY TERMS NOTE: ALL VENDORS RESPONDING TO THE WITHIN SOLICITATION MUST COMPLETE A PROMPT PAYMENT DISCOUNT (“PPD”) FORM AS PART OF THIS MASTER PRICE AGREEMENT SOLICITATION.

  • NOTE: ALL VENDORS RESPONDING TO THE WITHIN SOLICITATION MUST COMPLETE A PROMPT PAYMENT DISCOUNT (“PPD”) FORM AS PART OF THIS MASTER PRICE AGREEMENT SOLICITATION.

  • IX BID STANDARD TERMS AND CONDITIONS IX TERMS AND CONDITIONS FOR THIS BID IX PPD - PROMPT PAYMENT DISCOUNT CLAUSE IX MULTI YEAR AWARD IX PURCHASE AGREEMENT BID IX RIVIP INFO - BID SUBMISSION REQUIREMENTS IX Terms and Conditions BID STANDARD TERMS AND CONDITIONS TERMS AND CONDITIONS FOR THIS BID PPD - PROMPT PAYMENT DISCOUNT CLAUSE NOTE: All vendors responding to the within solicitation must complete the attached prompt payment discount "PPD" form as part of this master price agreement solicitation.

  • VII BID STANDARD TERMS AND CONDITIONS VII TERMS AND CONDITIONS FOR THIS BID VII PPD - PROMPT PAYMENT DISCOUNT CLAUSE VII MULTI YEAR AWARD VII PURCHASE AGREEMENT BID VII RIVIP INFO - BID SUBMISSION REQUIREMENTS VII Terms and Conditions BID STANDARD TERMS AND CONDITIONS TERMS AND CONDITIONS FOR THIS BID PPD - PROMPT PAYMENT DISCOUNT CLAUSE NOTE: All vendors responding to the within solicitation must complete the attached prompt payment discount "PPD" form as part of this master price agreement solicitation.

  • Please indicate whether or not you are able to meet this requirement YES X NO Vendor Please Type Vendor Name in the yellow shaded box HOMESTEAD BAKING COMPANY INC NOTE: ALL PRICES PROPOSED BELOW ARE BASED OFF NET 30 DAY TERMS NOTE: ALL VENDORS RESPONDING TO THE WITHIN SOLICITATION MUST COMPLETE A PROMPT PAYMENT DISCOUNT (“PPD”) FORM AS PART OF THIS MASTER PRICE AGREEMENT SOLICITATION.

  • NOTE: ALL PRICES PROPOSED BELOW ARE BASED OFF NET 30 DAY TERMS NOTE: ALL VENDORS RESPONDING TO THE WITHIN SOLICITATION MUST COMPLETE A PROMPT PAYMENT DISCOUNT (“PPD”) FORM AS PART OF THIS MASTER PRICE AGREEMENT SOLICITATION.

  • PROMPT PAYMENT DISCOUNT: Prompt payment discounts shall NOT be considered in the evaluation bids.


More Definitions of Prompt Payment Discount

Prompt Payment Discount means any discount or reduction, given in respect of the relevant year (quantified on the assumption of 3300 kWh annual consumption for a Standard Domestic Charge, and on the basis of 6600 kWh annual consumption for a Domestic Economy 7 Charge), for the prompt or timely payment of bills by cash or cheque, compared with the charge which would be made where payment is not made promptly or on time. "RPI\\t\\" means the percentage change (whether of positive or a negative value) in the arithmetic average of the Retail Price Index figures published or determined with respect to each of the six months July to December (inclusive) in relevant year t-l and the arithmetic average of the Retail Price Index figures published or determined with respect to the same months in relevant year t-2.
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Prompt Payment Discount. The reduction of the sponsor’s invoice by an agreed upon percentage when the contractor receives payment within a specified number of days.
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Prompt Payment Discount. 1% 20 Days”). 14. Totals for each order. Each invoice shall have a total for all orders, a total for all credits, and amount due from each agency. 15. Any other mutually agreed upon requirements the State may later deem necessary. Within 15 days from contract award, the Contractor must submit a preliminary copy of their invoice to the Lead State Procurement Officer for approval. The Lead State shall review and determine acceptability of the invoice and the authorized copy shall become the standard for this Master Agreement. Other Participating Entities may have their own invoicing requirements. M Requirement # Requirement Description Type Meets Yes No Proposal Number
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Prompt Payment Discount has the meaning given to it in paragraph 5.8 of Schedule 5 (Payment Mechanism);
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Prompt Payment Discount means any discount or reduction, given in respect of the relevant year (quantified on the assumption of 3300 kWh annual consumption for a Standard Domestic Charge, and on the basis of 6600 kWh annual consumption for a Domestic Economy 7 Charge), for the prompt or timely payment of bills by cash or -71-
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Prompt Payment Discount. ______days. (If no discount is offered, Net 30 will apply.) Please check the following blanks which apply to your company: Ownership of firm (51% or more): Non-minority Hispanic African-American --- --- --- Other Minority (specify) --- ------------------------------- Female Owned Handicapped Owned --- --- Small Business (less than $1 million annual receipts or 100 employees) --- Indicate Status: Partnership X Corporation Sole Proprietorship --- --- --- Other (specify) --- ------------------------- FOR CITY USE ONLY AWARD ------------------------------------------------------------------------------- Items Accepted: Ordinance No: Date: Amount: ------------------------------------------------------------------------------- Approved: CITY OF SAN ANTONIO ----------------------------
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Related to Prompt Payment Discount

  • Proposed Discounted Prepayment Amount has the meaning specified in Section 2.05(d)(ii).

  • Solicited Discounted Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Moody’s Discount Factor means, for purposes of determining the Discounted Value of any Moody’s Eligible Asset, the percentage determined by reference to the rating on such asset and the shortest Exposure Period set forth opposite such rating that is the same length as or is longer than the Moody’s Exposure Period, in accordance with the table set forth below: Exposure Period Aaa* Aa* A* Baa* Other** (V)MIG-1*** SP-1+**** Unrated***** 7 weeks 151% 159% 166% 173% 187% 136% 148% 225% 8 weeks or less but greater than seven weeks. 154 161 168 176 190 137 149 231 9 weeks or less but greater than eight weeks 158 163 170 177 192 138 150 240 * Mxxxx’x rating. ** Municipal Obligations not rated by Moody’s but rated BBB by S&P. *** Municipal Obligations rated MIG-1 or VMIG-1, which do not mature or have a demand feature at par exercisable in 30 days and which do not have a long-term rating. **** Municipal Obligations not rated by Moody’s but rated SP-1+ by S&P, which do not mature or have a demand feature at par exercisable in 30 days and which do not have a long-term rating. ***** Municipal Obligations rated less than Baa3 or not rated by Moody’s and less than BBB or not rated by S&P, not to exceed 10% of Moody’s Eligible Assets. Notwithstanding the foregoing, (i) except as provided in clause (ii) below, the Moody’s Discount Factor for short-term Municipal Obligations will be 115%, so long as such Municipal Obligations are rated at least MIG-1, VMIG-l or P-1 by Moody’s and mature or have a demand feature at par exercisable in 30 days or less, or 125%, as long as such Municipal Obligations are rated at least A-1+/AA or SP-1+/AA by S&P and mature or have a demand feature at par exercisable in 30 days or less, (ii) the Moody’s Discount Factor for residual interest municipal bonds and structured notes shall be the product of (x) the percentage determined by reference to the rating on the security underlying such residual interest municipal bond multiplied by (y) 1.25 (provided that the trust in which such residual interest municipal bond is held may be terminated within five business days), and (iii) except as provided in clause (ii) above, no Moody’s Discount Factor will be applied to cash, Receivables for Municipal Obligations Sold, or futures, options and similar instruments (to the extent such securities are Moody’s Eligible Assets); provided, however, that for purposes of determining the Moody’s Discount Factor applicable to a Municipal Obligation, any Municipal Obligation (excluding any short-term Municipal Obligation) not rated by Moody’s but rated by S&P shall be deemed to have a Mxxxx’x rating which is one full rating category lower than its S&P rating.

  • Discount Range Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Discount Amount means initially $6,549,982; provided that following any issuance of additional Class C(2020-5) Notes in accordance with Section 2.09, the Discount Amount shall mean the amount specified in the Notice of Additional Issuance.

  • Specified Discount Proration has the meaning set forth in Section 2.05(a)(v)(B)(3).

  • Specified Discount Prepayment Amount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • Solicited Discounted Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Specified Discount has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Fitch Discount Factor means the discount factors set forth in the Fitch Guidelines for use in calculating the Agency Discounted Value of the Company’s assets in connection with Fitch’s ratings then assigned on the Preferred Shares.

  • Solicited Discounted Prepayment Notice means an irrevocable written notice of a Borrower Solicitation of Discounted Prepayment Offers made pursuant to Section 2.11(a)(ii)(D) substantially in the form of Exhibit M.

  • Submitted Discount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Merchant discount means the fee or negotiated discount charged to a merchant by the financial institution for the privilege of participating in a program whereby a credit card is accepted in payment for merchandise or services sold to the credit card holder.

  • Solicited Discounted Prepayment Offer means the irrevocable written offer by each Term Lender, substantially in the form of Exhibit O, submitted following the Administrative Agent’s receipt of a Solicited Discounted Prepayment Notice.

  • Discounted Prepayment Determination Date has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Solicited Discount Proration has the meaning set forth in Section 2.05(a)(v)(D)(3).

  • Specified Discount Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(B)(1).

  • Discount Range Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Age-based discount means a discount offered on selected hospital policies for persons and/or their partners aged between 18 and 29. The discount is two per cent for each year that the person is aged under 30, to a maximum of 10 per cent. Providing the person remains on an applicable hospital cover, they are entitled to the discount until they turn 41 at which time the discount will decrease at the rate of two per cent per year for up to five years, so that no age-based discounts are available after the age of 45.

  • Discount Factor means the percentage discount applied to additional APCs when more than one APC is provided during the same visit (including the same APC provided more than once). Not all APCs are subject to a discount factor.

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Offered Discount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • Specified Discount Prepayment Response means the irrevocable written response by each Term Lender, substantially in the form of Exhibit K, to a Specified Discount Prepayment Notice.

  • Rating Agency Discount Factor means the Fitch Discount Factor (if Fitch is then rating Preferred Shares) or an Other Rating Agency Discount Factor, whichever is applicable.