MEMBER REBATES Sample Clauses

MEMBER REBATES. If the Member purchases supplies through any of the Suppliers, and the Member holds a level of membership that provides access to rebates, then the Member may be entitled to rebates that have been negotiated with the Suppliers in respect of purchases made by that Member (Member Rebates) and Supply Clusters will collect and administer those Member Rebates as follows: a) The Member will be entitled to receive 50% of any Member Rebates that are collected by Supply Clusters from the relevant Suppliers; b) Member Rebates payable to the Member will be calculated each 6 months in respect of any Member Rebates received by Supply Clusters during the previous 6 month period (Calculation Period), and will be paid into the Member’s nominated bank account as set out in clause 7.(e); c) Supply Cluster’s share of Member Rebates will be capped at $6,000 per 6 month Calculation Period. For clarity, during each 6 month Calculation Period, the Member will be entitled to 100% of the Member Rebate for every Member Rebate dollar generated over $12,000 in a Calculation Period; d) The six month Calculation Periods are: i. April – September inclusive, and ii. October – March inclusive Supply Clusters reserves the right to alter the 6 month Calculation Periods by notice in writing, in which case it will notify the Member at least 60 days prior to implementing any such change, and will take all reasonable steps necessary to ensure that the Member is not disadvantaged by the change; e) Subject to clause 7.(f), and where the relevant Suppliers have complied with all of their obligations to provide data and rebate payments to Supply Clusters, Supply Clusters will process to the Member’s nominated bank account any applicable Member Rebates within 60 days from the end of each 6 month Calculation Period; f) The Member acknowledges and agrees that Supply Cluster’s ability to pay the Member Rebates within the time period set out in (e) above, and at all, is dependent on: i. each Supplier’s timely provision of both data and Member Rebate payments. Supply Clusters is not responsible for any resulting delays in the payment of Member Rebates, or resulting failure in the payment of Member Rebates; ii. the Member providing its nominated bank account to Supply Clusters within 12 months from the end of the six month Calculation Period. In the event that a nominated bank account is not provided within 12 months from the end of the six month Calculation Period the right to the rebate will be forfeite...
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Related to MEMBER REBATES

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