Common use of Product Discount Clause in Contracts

Product Discount. Based on the sales results and sales strategy, Bitmain is willing to offer the following discount as set forth in clause 4.1: 4.1. With respect of the signing of this Agreement, Bitmain offers the following discount 7 / 27 to the Purchaser: 4.1.1. The Products under this Agreement consists of six (6) batches and the discount amount of each batch shall be calculated separately. 4.1.2. Bitmain may provide different discounts to the Purchaser based on the actual amount of the prepayment and the payment time. Discount Amount = Amount of prepayment * 1% * Number of months prepaid. The amount of prepayment shall be calculated at the end of each month. The number of months prepaid shall be calculated from the month of payment without counting the month of estimated delivery. If delivery is delayed, delayed months shall not be counted in and the agreed delivery date shall prevail. For clarification, the payment date shall be the date as evidenced in the remittance copy of such payment, and the discount term shall be calculated when the respective amounts under this Agreement have been received by Bitmain in full and without further consideration of the remaining amount. Payment schedules may be further adjusted in accordance with the actual situations. 4.1.3. If the Purchaser fails to make the payments on time, the discount applicable to such batch shall be cancelled. 4.2. No discount will be offered by Bitmain to the Purchaser.

Appears in 2 contracts

Samples: Sales and Purchase Agreement (Lm Funding America, Inc.), Sales and Purchase Agreement (Lm Funding America, Inc.)

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Product Discount. Based on the sales results and sales strategy, Bitmain is willing to offer the following discount as set forth in clause 4.1this Clause 4 as follows: 4.1. With respect of the signing of this Agreement, Bitmain offers the following discount 7 / 27 to the Purchaser: 4.1.1. The Products under this Agreement consists of six (6) batches and the discount amount of each batch shall be calculated separately. 4.1.2. Bitmain may provide different discounts to the Purchaser based on the actual amount of the prepayment and the payment time. Discount Amount = Amount of prepayment * 1% * Number of months prepaid. The amount of prepayment shall be calculated at the end of each month. The number of months prepaid shall be calculated from the month of payment without counting the month of estimated delivery. If delivery is delayeddelayed (except for delays caused by Bitmain’s gross negligence, recklessness or willful misconduct), delayed months shall not be counted in and the agreed delivery date shall prevailcounted. For clarification, the payment date shall be the date as evidenced in the remittance copy of such payment, and the discount term shall be calculated when the respective amounts under this Agreement have been received by Bitmain in full and without further consideration of the remaining amount. Payment schedules may be further adjusted in accordance with the actual situations. 4.1.3. If the Purchaser fails to make the payments on time, the discount applicable to such batch shall be cancelled. 4.2. No additional discount beyond the discount set forth in this Section 4 will be offered by Bitmain to the Purchaser.

Appears in 1 contract

Samples: Sales and Purchase Agreement (Riot Blockchain, Inc.)

Product Discount. Based on the sales results and sales strategy, Bitmain is willing to offer the following discount discounts as set forth in clause 4.1: 4.1. With respect of the signing of this Agreement, Bitmain offers the following discount 7 / 27 to the Purchaser: 4.1.1. The Products under this Agreement consists of six four (64) batches and the discount amount of each batch shall be calculated separately. 4.1.2. Bitmain may provide different discounts to the Purchaser based on the actual amount of the prepayment and the payment time. Discount Amount = Amount of prepayment * 1% * Number of months prepaid. The amount of prepayment shall be calculated at the end of each month. The number of months prepaid shall be calculated from the month of payment without counting the month of estimated delivery. If delivery is delayed, delayed months shall not be counted in and the agreed delivery date shall prevail. For clarification, the payment date shall be the date as evidenced in the remittance copy of such payment, and the discount term shall be calculated when the respective amounts under this Agreement have been received by Bitmain in full and without further consideration of the remaining amount. Payment schedules may be further adjusted in accordance with the actual situations. 4.1.3. If the Purchaser fails to make the payments on time, the discount applicable to such batch shall be cancelled. 4.2. No discount will be offered by Bitmain to the Purchaser. 4.3. Bitmain shall offer [4%] discount to the Purchaser.

Appears in 1 contract

Samples: Sales and Purchase Agreement (Bit Digital, Inc)

Product Discount. Based on the sales results and sales strategy, Bitmain is willing to offer the following discount as set forth in clause 4.1: 4.1. With respect of the signing of this Agreement, Bitmain offers the following discount 7 / 27 to the Purchaser: 4.1.1. The Products under this Agreement consists of six three (63) batches and the discount amount of each batch shall be calculated separately.: April 2022 batch: 4.60% discount May 2022 batch: 4.85% discount June 2022 batch: 5.10% discount 4.1.2. Bitmain may provide different discounts to the Purchaser based on the actual amount of the prepayment and the payment time. Discount Amount = Amount of prepayment * 1% * Number of months prepaid. The amount of prepayment shall be calculated at the end of each month. The number of months prepaid shall be calculated from the month of payment without counting the month of estimated delivery. If delivery is delayed, delayed months shall not be counted in and the agreed delivery date shall prevailcounted. For clarification, the payment date shall be the date as evidenced in the remittance copy of such payment, and the discount term shall be calculated when the respective amounts under this Agreement have been received by Bitmain in full and without further consideration of the remaining amount. Payment schedules may be further adjusted in accordance with the actual situations. 4.1.3. If the Purchaser fails to make the payments on time, the discount applicable to such batch shall be cancelled. 4.2. No discount will be offered by Bitmain to the Purchaser.

Appears in 1 contract

Samples: Sales and Purchase Agreement (Ikonics Corp)

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Product Discount. Based on the sales results and sales strategy, Bitmain is willing to offer the following discount as set forth in clause Clause [4.1]: 4.1. 4.1 With respect of the signing of this Agreement, Bitmain offers the following discount 7 / 27 to the Purchaser: 4.1.1. 4.1.1 The Products under this Agreement consists of six (6) batches and the discount amount of each batch shall be calculated separately. 4.1.2. 4.1.2 If the Purchaser makes prepayments on any batch of Products, Bitmain may provide different discounts to the Purchaser based on the actual amount of the prepayment and the payment time. time in accordance with the following formula: Discount Amount = Amount of prepayment * 1% * Number of months prepaid. The amount of prepayment shall be calculated at the end of each month. The number of months prepaid shall be calculated from the month of payment without counting the month of estimated delivery. If delivery is delayed, such delayed months shall not be counted in and the agreed delivery date shall prevail. For clarification, the payment date shall be the date as evidenced in the remittance copy of such payment, and the discount term shall be calculated when the respective amounts under this Agreement have been received by Bitmain in full and without further consideration of the remaining amount. Payment schedules may be further adjusted in accordance with the actual situations. 4.1.3. If the Purchaser fails to make the payments on time, the discount applicable to such batch shall be cancelled. 4.2. 4.2 No discount will be offered by Bitmain to the Purchaser. 4.3 Bitmain shall offer [%] discount to the Purchaser.

Appears in 1 contract

Samples: Sales and Purchase Agreement (Ault Global Holdings, Inc.)

Product Discount. Based on the sales results and sales strategy, Bitmain is willing to offer the following discount as set forth in clause 4.1: 4.1. With respect of the signing of this Agreement, Bitmain offers the following discount 7 / 27 to the Purchaser: 4.1.1. The Products under this Agreement consists of six three (63) batches and the discount amount of each batch shall be calculated separately.: January 2022 batch: 3.85% discount February 2022 batch: 4.10% discount March 2022 batch: 4.35% discount 4.1.2. Bitmain may provide different discounts to the Purchaser based on the actual amount of the prepayment and the payment time. Discount Amount = Amount of prepayment * 1% * Number of months prepaid. The amount of prepayment shall be calculated at the end of each month. The number of months prepaid shall be calculated from the month of payment without counting the month of estimated delivery. If delivery is delayed, delayed months shall not be counted in and the agreed delivery date shall prevailcounted. For clarification, the payment date shall be the date as evidenced in the remittance copy of such payment, and the discount term shall be calculated when the respective amounts under this Agreement have been received by Bitmain in full and without further consideration of the remaining amount. Payment schedules may be further adjusted in accordance with the actual situations. 4.1.3. If the Purchaser fails to make the payments on time, the discount applicable to such batch shall be cancelled. 4.2. No discount will be offered by Bitmain to the Purchaser.

Appears in 1 contract

Samples: Sales and Purchase Agreement (Ikonics Corp)

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