Common use of Consecutive Payment Discount Clause in Contracts

Consecutive Payment Discount. (A.) If Libre receives three (3) consecutive monthly Program Fee payments from You or the Detainee, on time and in full by each applicable Payment Due Date, Your subsequent monthly Program Fee payments will be reduced by ten percent (10%) from the original payment amount described in Section 1.2, above, for each month that You or the Detainee continue to make such payments on time and in full by each applicable Payment Due Date. (B.) If Libre receives six (6) consecutive monthly Program Fee payments from You or the Detainee, on time and in full by each applicable Payment Due Date, Your subsequent monthly Program Fee payments will be reduced by twenty percent (20%) from the original payment amount described in Section 1.2, above, for each month that You or the Detainee continue to make such payments on time and in full by each applicable Payment Due Date. Libre will identify Your eligibility for this Consecutive Payment Discount on the 15th day following January 1 and the 15th day following July 1 in each calendar year. Upon Libre’s identification that Your payment history qualifies for this discount, the appropriate credit shall be applied to Your account by the next full month following Libre’s identification. Your discount will be backdated to include all applicable months starting from Your initial time of compliance for the appropriate period. Libre may, in its sole discretion, terminate this Consecutive Payment Discount at any time on or after February 9, 2024, by notifying You in writing.