Common use of Rebate Clause in Contracts

Rebate. For payment of any Bill including supplementary bill on or before Due Date, the Rebate shall be paid by the SECI to Buying Entity in the following manner a) A Rebate of 1.5% shall be payable to the Buying Entity for the payments made within a period of 5 days of presentation of bills through email. b) Any payments made beyond a period of 5 days upto and including the 20th Day from the date of presentation of bills through email, shall be allowed a rebate of 1%. c) Rebate shall be payable on the Bills raised on account of Change in Law relating to taxes, duties, cess etc.

Rebate. For payment of any Bill including supplementary bill on or before Due Date, the Rebate shall be paid by the SECI to Buying Entity in the following manner: a) A Rebate of 1.5% shall be payable to the Buying Entity for the payments made within a period of 5 days of presentation of bills through email. b) Any payments made beyond a period of 5 days upto and including the 20th Day from the date of presentation of bills through email, shall be allowed a rebate of 1%. c) No Rebate shall be payable on the Bills raised on account of Change in Law relating to taxes, duties, cess etc.

Rebate. For payment of any Bill including supplementary bill on or before Due Date, the Rebate shall be paid by the SECI to Buying Entity in the following manner: a) A Rebate of 1.5% shall be payable to the Buying Entity for the payments made within a period of 5 days of presentation of bills through email. b) Any payments made beyond a period of 5 days upto and including the 20th Day from the date of presentation of bills through email, shall be allowed a rebate of 1%. c) Rebate shall be payable on the Bills raised on account of Change in Law relating to taxes, duties, cess etc.

Rebate. For payment of any Bill including supplementary bill on or before Due Date, the following Rebate shall be paid by the SECI to Buying Entity in the following manner a) A Rebate of 1.5% shall be payable to the Buying Entity for the payments made within a period of 5 five (5) days of presentation of bills through email. b) Any payments made beyond a period of 5 days upto up to and including the 20th Day from the date of presentation of bills through email, shall be allowed a rebate of 1%. c) Rebate shall be payable on the Bills raised on account of Change in Law relating to taxes, duties, cess etc.