Maytag Volume Rebate Sample Clauses

Maytag Volume Rebate. In addition to the Purchase Price, Buyer -------------------- shall pay to the Shareholders a portion of the annual volume rebate required to be paid by Maytag in respect of purchases of laundry machines during the twelve month period from November 1, 1997 to October 31, 1998 (the "Maytag Rebate ------------- Period") in an amount equal to the product of (i) the quotient of (A) the dollar ------ amount of laundry machine purchases made by the Company during the period from November 1, 1997 to the Closing Date, divided by (B) the combined dollar amount ------- of laundry machine purchases made by the Company and Buyer from Maytag during the Maytag Rebate Period, multiplied by (ii) the dollar amount of the volume ---------- rebate required to by paid by Maytag to the Company and/or Buyer in respect of laundry machine purchases made by the Company and/or Buyer during the Maytag Rebate Period. Such portion of the annual volume rebate shall be paid to the Shareholders within fifteen (15) days of Buyer's receipt thereof from Maytag.
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