Common use of Discount Amount Clause in Contracts

Discount Amount. 4.1.1. The Products under this Agreement consists of 12 batches and the discount amount of each batch shall be calculated separately. 4.1.2. Bitmain may provide different discounts to the Purchaser based on the actual amount of the prepayment and the payment time. Discount Amount = Amount of prepayment *1%*Number of months prepaid. The amount of prepayment shall be calculated at the end of each month. The number of months prepaid shall be calculated from the month of payment without counting the month of delivery. The prepayment date shall be the date as evidenced in the remittance copy of such payment. Discount amount shall be calculated when the respective amounts have been received by Bitmain in full according to the agreed payment schedule. Different clients may have different payment schedules. No discount amount shall be calculated on the remaining amount. 4.1.3. If the Purchaser fails to make the payments on time, the discount applicable to such batch shall be cancelled.