Common use of Discounts, Rebates and Refunds Clause in Contracts

Discounts, Rebates and Refunds. 9.4.1 Cash discounts obtained on payments made by the Contractor shall accrue to the Department if: (i) before making such payment(s), the Contractor included them in an Application for Payment and received payment therefor from the Department; or (ii) the Department has deposited funds with the Contractor with which to make such payment(s). All other cash discounts shall accrue to the Contractor. Trade discounts, rebates, refunds and amounts received from sales of surplus materials and equipment shall accrue to the Department, and the Contractor shall make provisions so that such amounts can be secured.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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Discounts, Rebates and Refunds. 9.4.1 9.3.1. Cash discounts obtained on payments made by the Contractor Construction Manager shall accrue to the Department if: (i) before making such payment(s), the Contractor Construction Manager included them in an Application for Payment and received payment therefor from the Department; or (ii) the Department has deposited funds with the Contractor Construction Manager with which to make such payment(s). All other cash discounts shall accrue to the ContractorConstruction Manager. Trade discounts, rebates, refunds and amounts received from sales of surplus materials and equipment shall accrue to the Department, and the Contractor Construction Manager shall make provisions so that such amounts can be secured.

Appears in 2 contracts

Samples: Agreement, This Agreement

Discounts, Rebates and Refunds. 9.4.1 9.7.1 Cash discounts obtained on payments made by the Contractor shall accrue to the Department if: (i) before making such payment(s), the Contractor included them in an Application for Payment and received payment therefor from the Department; or (ii) the Department has deposited funds with the Contractor with which to make such payment(s). All other cash discounts shall accrue to the Contractor. Trade discounts, rebates, refunds and amounts received from sales of surplus materials and equipment shall accrue to the Department, and the Contractor shall make provisions so that such amounts can be secured.

Appears in 2 contracts

Samples: Agreement, Agreement

Discounts, Rebates and Refunds. 9.4.1 9.4.3 Cash discounts obtained on payments made by the Contractor shall accrue to the Department if: (i) before making such payment(s), the Contractor included them in an Application for Payment and received payment therefor from the Department; or (ii) the Department has deposited funds with the Contractor with which to make such payment(s). All other cash discounts shall accrue to the Contractor. Trade discounts, rebates, refunds and amounts received from sales of surplus materials and equipment shall accrue to the Department, and the Contractor shall make provisions so that such amounts can be secured.

Appears in 1 contract

Samples: Agreement

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Discounts, Rebates and Refunds. 9.4.1 Cash discounts obtained on payments made by the Contractor shall accrue to the Department if: (i) before making such payment(s), the Contractor included them in an Application for Payment and received payment therefor from the Department; or (ii) the Department has deposited funds with the Contractor with which to make such payment(s). All other cash discounts shall accrue to the Contractor. Trade discounts, rebates, refunds refunds, and amounts received from sales of surplus materials and equipment shall accrue to the Department, and the Contractor shall make provisions so that such amounts can be secured.

Appears in 1 contract

Samples: Agreement

Discounts, Rebates and Refunds. 9.4.1 Cash discounts obtained on payments made by the Contractor Construction Manager shall accrue to the Department if: (i) before making such payment(s), the Contractor Construction Manager included them in an Application for Payment and received payment therefor from the Department; or (ii) the Department has deposited funds with the Contractor Construction Manager with which to make such payment(s). All other cash discounts shall accrue to the ContractorConstruction Manager. Trade discounts, rebates, refunds and amounts received from sales of surplus materials and equipment shall accrue to the Department, and the Contractor Construction Manager shall make provisions so that such amounts can be secured.

Appears in 1 contract

Samples: Agreement

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