Customer Rebates Sample Clauses

Customer Rebates. The Supplier shall ensure that it pays the agreed Rebates to Contracting Bodies within the timescales agreed in this Framework Agreement.
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Customer Rebates. Provided the refund or rebate is not due to a service issue, there shall be no deduction to the employee’s gratuity.
Customer Rebates. In the event the Purchaser (or any Purchaser Designee) pays (including by offset of accounts receivable) any rebate to any customer of the Business resulting from deliveries of products by the Business on or prior to the Closing Date under any rebate or similar terms of customer Contracts assumed by the Purchaser (or any Purchaser Designee) hereunder, the Seller shall reimburse the Purchaser (or the applicable Purchaser Designee) for the payment of such rebate (the "Rebate Costs"). Any rebates paid by the Purchaser (or a Purchaser Designee) with respect to products delivered by the Business on or prior to the Closing Date and after the Closing Date shall be allocated between the Seller and the Purchaser (and Purchaser Designees) pro rata based on the amount of products delivered on or before the Closing Date, on the one hand, and after the Closing Date, on the other hand. Upon the receipt by the Seller of a written report from the Purchaser, including supporting documentation, setting forth the details of any Rebate Costs incurred by the Purchaser (or a Purchaser Designee) for which the Purchaser (or a Purchaser Designee) has not been reimbursed by the Seller, the Seller shall promptly, but in no event later than ten (10) Business Days after receipt of any such written report, reimburse the Purchaser (or the Purchaser Designee) for its Rebate Costs. The Seller reserves the right to make reasonable audits of the Purchaser's (and the Purchaser Designees') invoices with respect to any request for reimbursement pursuant to this Section 6.21, and the Purchaser (and each applicable Purchaser Designee) shall provide to the Seller such reasonable information and reasonable access to the Purchaser's (and the Purchaser Designees') records necessary to complete any such audit.
Customer Rebates. Subject to Section 6.21, all Liabilities for customer rebates payable to customers of the Business resulting from purchases of products from the Business;
Customer Rebates. MSC offers select customers a rebate as an incentive to generate a higher amount of sales, or as an alternative to consignment or discounted terms. A customer is entitled to receive a rebate if they meet the following conditions:  The customer has met the requirements for the rebate based on the terms of their signed national account contract agreement. The customer (Core or National Account) has < 7.5% of their receivable past due.  At MSC’s discretion, and provided there is a contract and it allows for it, MSC may apply any earned or unearned rebate to a customer account to offset past due balances.  With the approval of the Sr Director of Credit a rebate can be paid in full or partial increments if the above criteria are not met (specifically the past due percentage). However, with this exception, MSC requires a payment commitment with a definitive date for resolving the past due balance or the customer risks their account going on credit hold.  The above policy is intended to reduce the risk of a customer not paying its debt to MSC. The Credit Management Team will work closely with the Sales Team to ensure that all Credit Line and Terms extension proposals are compliant with this policy.  Any exceptions due to a potential business decision taking precedent over this policy should be referred to the SVP of Sales for review and discussion with the CFO.  Date: __________________, 202_ To: Xxxxx Fargo Bank, National Association, individually as a Purchaser and as Administrative Agent Regions Bank, as a Purchaser Bank of America, National Association, as a Purchaser Reference is hereby made to the Receivables Purchase Agreement dated as of December 19, 2022 (as amended, restated, supplemented or otherwise modified from time to time, the “Receivables Purchase Agreement”), among MSC A/R Holding Co., LLC (the “Seller”), MSC Industrial Direct Co., Inc., as initial Master Servicer (the “Servicer”), and the purchasers from time to time party thereto (the “Purchasers”), and Xxxxx Fargo Bank, National Association, as administrative agent for the Purchasers (in such capacity, together with its successors and assigns in such capacity, the “Administrative Agent”). Capitalized terms used herein shall have the meanings assigned to such terms in the Receivables Purchase Agreement.
Customer Rebates. Within 45 days after the end of each customer's Program Period, Buyer shall deliver to Seller a statement (the "Buyer's Rebate Statement") setting forth (a) the amount of sales on and after the Closing Date by the Business to such customer during such customer's Program Period (together with Seller's Pre-Closing Sales, such customer's "Annual Customer Sales"), (b) the total amount of rebates owed to such customer with respect to its Annual Customer Sales (such customer's "Annual Customer Rebate"), and (c) Seller's pro rata portion of such customer's Annual Customer Rebate (with respect to each such customer, "Seller's Rebate Obligation"), which shall equal the product of (i) such customer's Annual Customer Rebate and (ii) a fraction, the numerator of which shall equal such customer's Seller's Pre-Closing Sales and the denominator of which shall equal such customer's Annual Customer Sales. Any disputes regarding the determination of any Seller's Pre-Closing Sales or the determinations set forth in any Buyer's Rebate Statement shall be settled in accordance with the procedures set forth in Section 1.3(c), (d), (e) and (g). Within 3 days after Buyer's delivery of each Buyer's Rebate Statement for which there is no dispute, or, if Seller disputes such Buyer's Rebate Statement, within 3 days of the final resolution of such dispute pursuant to the preceding sentence, Seller shall pay to Buyer an amount equal to the Seller's Rebate Obligation by wire transfer of immediately available funds to an account designated by Buyer.

Related to Customer Rebates

  • Customer Relations A. Actively promote DCP Holding Company in all Marketing, Sales, Public Relations, and Community activity. B. Strategize that the DCP Holding Company product is placed effectively before the public with emphasis on “Agent/Broker” C. Continually monitor the success, quality and effectiveness of DCP Holding Company marketing

  • Customer Support If Customer is entitled to receive Customer Support as part of a separately purchased Service Plan, Sage warrants that while Customer’s Service Plan is in effect and if it has paid all required Service Plan fees, Sage will use qualified personnel to provide Customer Support in a professional manner consistent with industry standards. Customer’s sole remedy under this section 5.2 is limited to Sage’s re-performance of the Customer Support services giving rise to Customer’s claim.

  • Customer Care a) Contractor shall comply with the applicable requirements of the Americans with Disabilities Act and provide culturally competent customer service to all Covered California Enrollees in accordance with the applicable provisions of 45 C.F.R. § 155.205 and § 155.210, which refer to consumer assistance tools and the provision of culturally and linguistically appropriate information and related products. b) Contractor shall comply with HIPAA rules and other laws, rules and regulations respecting privacy and security.

  • Customer Focus Is dedicated to meeting the expectations and requirements of internal and external customers; gets first hand customer information and uses it for improvements in products and services; acts with customers in mind; establishes and maintains effective relationships with customers and gains their trust and respect

  • Customer The agency or eligible user that purchases commodities or contractual services pursuant to the Contract.

  • Customer List The Administrative Agent shall have received a true and complete customer list for the Borrower and its Subsidiaries, which list shall state the customer’s name, mailing address and phone number and shall be certified as true and correct by a Financial Officer.

  • Customer Content As part of the Services provided under this Agreement, Customer Data will be stored and processed in the data center region specified in the applicable Ordering Document. Axway shall not access Customer Content except in response to support or technical issues where Customer provides Axway with prior Customer’s written authorization required to access such Customer Content. Axway is not responsible for unauthorized access, alteration, theft or destruction of Customer Content arising from Customer’s own or its authorized users’ actions or omissions in contravention of the Documentation. Customer’s ability to recover any lost data resulting from Axway’s misconduct is limited to restoration by Axway from the most recent back-up.

  • Customer Complaints Each party hereby agrees to promptly provide to the other party copies of any written or otherwise documented complaints from customers of Dealer received by such party relating in any way to the Offering (including, but not limited to, the manner in which the Shares are offered by the Dealer Manager or Dealer), the Shares or the Company.

  • Customer Contracts 6.2.1 The Redistributor should ensure that its contracts with its Customers give it all necessary rights to control and monitor Data use. 6.2.2 The Redistributor is obliged to make the contents of this Schedule available to its customers.

  • Customer Equipment “Customer Equipment” means any Customer-owned or provided software, hardware or services that you elect to use in connection with the Service(s). You agree to allow us and our agents the rights to insert CableCARDs and other hardware in the Customer Equipment, send software and/or downloads to the Customer Equipment and install, configure, maintain, inspect and upgrade the Customer Equipment. You warrant you are either the owner of the Customer Equipment or that you have the authority to give us access to the Customer Equipment. You should call Customer Service at 0-000-XXX-XXXX to find out if it meets our technical, security and other requirements. We reserve the right to disallow the use of Customer Equipment that we determine is not compatible with our network. We shall have no obligation to provide, maintain, or service Customer Equipment, including, but not limited to, Customer Equipment to which the Company or a third party has sent software or downloads. If you use Customer Equipment, you agree that the following limitation of liability shall apply: THE COMPANY DOES NOT WARRANT THAT CUSTOMER EQUIPMENT WILL ENABLE YOU TO SUCCESSFULLY INSTALL, ACCESS, OPERATE, OR USE THE SERVICE(S). YOU ACKNOWLEDGE THAT ANY SUCH INSTALLATION, ACCESS, OPERATION, OR USE COULD CAUSE CUSTOMER EQUIPMENT TO FAIL TO OPERATE OR COULD CAUSE DAMAGE TO CUSTOMER EQUIPMENT, YOU, YOUR PREMISES OR COMPANY EQUIPMENT. NEITHER THE COMPANY NOR ANY OF ITS AFFILIATES, SUPPLIERS OR AGENTS SHALL HAVE ANY LIABILITY WHATSOEVER FOR ANY SUCH FAILURE OR DAMAGE, INCLUDING LACK OF 911/E911 CAPABILITY OR DIALING ASSOCIATED WITH A SECURITY SYSTEM. YOUR USE OF CUSTOMER EQUIPMENT MAY PREVENT PROVISION OF SERVICE. The foregoing limitation of liability is in addition to and shall not limit any other limitation of liability set forth in this Agreement.

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