Common use of Loyalty Payments Clause in Contracts

Loyalty Payments. 22. Norco may, at its discretion, pay Loyalty Payments to the Supplier in addition to the Base Price. The Loyalty Payments as at the Commencement Date are set out in Schedule 2. Norco may increase Loyalty Payments during a financial year by notice to the Supplier.

Loyalty Payments. 2223. In recognition of the benefit derived by Norco mayfrom having certainty of supply throughout each Guaranteed Supply Period, at its discretionNorco agrees to pay the Supplier, pay Loyalty Payments to the Supplier in addition to the Base PricePrice or Second Grade Price (as the case may be). The Loyalty Payments as at will be paid by Norco in arrears on or before the Commencement Date are set out in Schedule 2. Norco may increase Loyalty Payments during a financial year by notice to 15th day of the Suppliermonth following the month of supply.