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 to the Purchaser: 4.1.1. The Products under this Agreement consists of twelve (12) batches and the discount amount of each batch shall be calculated separately. 4.1.2. Bitmain may provide difference 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 delivery. 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 (Cleanspark, Inc.), Sales and Purchase Agreement (Integrated Ventures, 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 to the Purchaser:
4.1.1. The Products under this Agreement consists of twelve (12) batches and the discount amount of each batch shall be calculated separately.
4.1.2. Bitmain may provide difference 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 delivery. 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 (Applied Blockchain, 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 to the Purchaser:
4.1.1. The Products under this Agreement consists of twelve six (126) batches and the discount amount of each batch shall be calculated separately.
4.1.2. Bitmain may provide difference 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. 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
Product Discount. Based on the sales results and sales strategy, Bitmain Xxxxxxx is willing to offer the following discount as set forth in clause [4.1]:
4.1. 4.1 With respect of the signing of this Agreement, Bitmain Xxxxxxx offers the following discount to the Purchaser:
4.1.1. 4.1.1 The Products under this Agreement consists of twelve (12) batches and the discount amount of each batch shall be calculated separately.
4.1.2. 4.1.2 Bitmain may provide difference 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 delivery. 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. 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.
Appears in 1 contract