Common use of Retention of Rebate Clause in Contracts

Retention of Rebate. Should Affiliate fail or refuse, for 30 days of the specified deadline, to comply with provisions a), b), c), d), and e) of this section, the Academy shall retain all subsequent Rebates until compliance is forthcoming. In the event the affiliate is not compliant within a fiscal year, compliance for the subsequent fiscal year will be required before additional rebates are distributed.

Retention of Rebate. Should Affiliate fail or refuse, for refuse to comply within 30 days of the any specified deadline, to comply with provisions a), b), c), d), and e) of its obligations under this section, the Academy shall retain all subsequent Rebates until compliance is forthcoming. In the event the affiliate is not compliant within a fiscal year, compliance for the subsequent fiscal year will be required before additional rebates are distributed.

Retention of Rebate. Should Affiliate fail or refuse, for 30 days of the specified deadline, to comply with provisions a), b), c), d), and e) of this section, the Academy shall have the right to retain all subsequent Rebates until compliance is forthcoming. In the event the affiliate is not compliant within a fiscal year, compliance for the subsequent fiscal year will be required before additional rebates are distributed.