Term Discounts Sample Clauses
The Term Discounts clause establishes the conditions under which a buyer is entitled to receive a reduction in the total price if payment is made within a specified period. Typically, this clause outlines the percentage of the discount, the time frame in which payment must be received to qualify, and any exceptions or limitations. Its core practical function is to incentivize prompt payment by offering a financial benefit, thereby improving the seller’s cash flow and reducing the risk of late payments.
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Term Discounts. Term discounts for Circuits will be provided based on the length of the commitment. The discounts shall be applicable to a two year commitment and may increase for each year of commitment up to five years. The amount of term discount may vary by state and by city. If Purchaser terminates a Circuit other than in accordance with Section 17.1, then Purchaser shall be liable for termination payments equal to the difference between the charges that would have applied, calculating term discounts as of the actual term elapsed, and the charges that Purchaser actually paid.
Term Discounts. The length of each service term between a Subscribing Entity and the Service Provider determines the MRC discount, as shown in the Pricing Schedule set forth in Section 5 (g) below.