MERCHANT REBATES Sample Clauses

MERCHANT REBATES. (A) If through the efforts of the Consultant the Company's monthly merchant rebates (the "Merchant Rebates") (i) increase by Ten Thousand dollars ($10,000) but less than Twenty Thousand dollars ($20,000) over the average amount of merchant rebates the Company received in the trailing three month period and (ii) remain at such level for four consecutive months, then the Consultant shall be entitled to exercise a portion of the Warrant for the purchase of Forty Thousand (40,000) shares of Common stock; or (B) If through the efforts of the Consultant the Company's monthly Merchant Rebates (i) increase by Twenty Thousand dollars ($20,000) but less than Thirty Thousand dollars ($30,000) over the trailing three month period and (ii) remain at such level for four consecutive months, then the Consultant shall be entitled to exercise a portion of the Warrant for the purchase of Eighty Thousand (80,000) shares of Common stock; or (C) If through the efforts of the Consultant the Company's monthly Merchant Rebates (i) increase by Thirty Thousand dollars ($30,000) but less than Forty Thousand dollars ($40,000) over the trailing three month period and (ii) remain at such level for four consecutive months, then the Consultant shall be entitled to exercise a portion of the Warrant for the purchase of One Hundred Twenty Thousand (120,000) shares of Common stock; or (D) If through the efforts of the Consultant the Company's monthly Merchant Rebates (i) increase by Forty Thousand dollars ($40,000) but less than Fifty Thousand dollars ($50,000) over the trailing three month period and (ii) remain at such level for four consecutive months, then the Consultant shall be entitled to exercise a portion of the Warrant for the purchase of One Hundred Sixty Thousand (160,000) shares of Common stock; or (E) If through the efforts of the Consultant the Company's monthly Merchant Rebates (i) increase by Fifty Thousand dollars ($50,000) or more over the trailing three month period and (ii) remain at such level for four consecutive months, then the Consultant shall be entitled to exercise a portion of the Warrant for the purchase of Two Hundred Thousand (200,000) shares of Common stock; Pursuant to each of PARAGRAPH 4(a)(1)(ii), (iii) and (iv), only one vesting event may occur during any consecutive three-
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MERCHANT REBATES 
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Related to MERCHANT REBATES

  • Rebates Premium rebates given by the Employment Insurance Commission shall be paid directly to the employees by the Employer.

  • Chargebacks (a) If a Transaction is an Invalid Transaction as denoted in clause 5.2(c), or otherwise constitutes a valid Chargeback in accordance with this Agreement and any relevant Card Scheme Rules, we may in our sole discretion (without a request or demand from a Cardholder): (i) refuse to accept the Transaction; or (ii) if the Transaction has been processed, at any time within 180 days of the date of the Transaction, charge that Transaction back to you by debiting the Settlement Account or Fee Account or by otherwise exercising any right under this Agreement. (b) We may also refuse to accept or Chargeback any Transaction where: (i) the Cardholder claims the Transaction is invalid or disputes liability for any reason; (ii) you process a cancelled Recurring Transaction; or (iii) the Cardholder asserts a claim for set off or counterclaim. (c) A Transaction is an “Invalid Transaction” and may be subject to Chargeback if: (i) the Card was not valid at the time of the Transaction (for example, the Card has expired, is not yet valid, or has been cancelled or revoked); (ii) there is no signature on the Sales Receipt where required or the signature on the Sales Receipt is different to that on the Card; (iii) the Cardholder did not participate in or authorise the Transaction; (iv) you used replaced Supplied Equipment after being directed to discontinue such use; (v) the Sales Receipt has been altered without the Cardholder's authority; (vi) the Sales Receipt is incomplete or was not presented to us within the relevant timeframe; (vii) it is subject to dispute, set-off or counterclaim; (viii) it was processed to your own Card; (ix) Authorisation for the Transaction was declined for any reason; (x) it represents the refinance of an existing debt or the collection for a dishonoured cheque; (xi) it represents a transfer of funds, and not the supply of goods or services, or is a Cash Related Transaction; (xii) it is not entered into by you and the Cardholder or is not submitted by any authorised third party; (xiii) it is not processed in accordance with the Operating Procedures or any other term of this Agreement; (xiv) you issue a credit which does not have a previous offsetting sale; or (xv) it relates to or is in connection with, the sale of goods or services that are in contravention of the laws of Australia or are otherwise prohibited by us. (d) If we receive a payment from a Cardholder relating to an Invalid Transaction that has been subject to a Chargeback, we will credit the Settlement Account with an amount equal to that payment, less any amount we are entitled to withhold or set off under this Agreement. (e) Despite any contract, arrangement or understanding to the contrary, you acknowledge that a Cardholder is entitled to initiate a Chargeback of any Transaction where permitted in accordance with relevant Card Scheme Rules.

  • Merchant has the power and authority to authorize the automatic funds transfer provided for in the Merchant Agreement;

  • Rebates, Credits and Refunds The HSP: (a) acknowledges that rebates, credits and refunds it anticipates receiving from the use of the Funding have been incorporated in its Budget; (b) agrees that it will advise the Funder if it receives any unanticipated rebates, credits and refunds from the use of the Funding, or from the use of funding received from either the Funder or the Ministry in years prior to this Agreement that was not recorded in the year of the related expenditure; and (c) agrees that all rebates, credits and refunds referred to in (b) will be considered Funding in the year that the rebates, credits and refunds are received, regardless of the year to which the rebates, credits and refunds relate.

  • Billing Unless otherwise provided in the Grant Agreement, Grantee shall bill the System Agency in accordance with the Grant Agreement. Unless otherwise specified in the Grant Agreement, Grantee shall submit requests for reimbursement or payment monthly by the last business day of the month following the month in which expenses were incurred or services provided. Grantee shall maintain all documentation that substantiates invoices and make the documentation available to the System Agency upon request.