Vendor Credits Sample Clauses

The Vendor Credits clause establishes the terms under which a vendor provides credits to a customer, typically as compensation for service issues, delays, or unmet performance standards. These credits may be applied to future invoices or used to offset specific charges, and the clause often outlines the process for requesting and applying such credits, including any limitations or expiration dates. Its core practical function is to offer a predefined remedy for service shortcomings, ensuring both parties have a clear and efficient mechanism for addressing minor breaches or disruptions without resorting to more formal dispute resolution.
Vendor Credits. If after the Commencement Date for an item of Equipment, Lessee finds such item of Equipment to be inoperable, Lessee will seek recourse solely against the vendor of the Equipment for resolution of any problems concerning performance of the Equipment. If the item of Equipment is replaced by the vendor, Lessee agrees to provide Lessor with the serial number for the replacement equipment within 10 days of replacement. Lessor will not process any invoices associated with the Equipment being returned to vendor or the replacement equipment. Notwithstanding the foregoing, if after the Commencement Date for an item of Equipment, Lessee finds that (i) the vendor has over-charged for an item of Equipment, or (ii) the vendor has shipped an incorrect item of Equipment, upon 30 days prior written notice from Lessee, Lessor agrees to process any credits received from the vendor and apply the credits to the Rent hereunder. The rental adjustment will be effective on Lessor's next billing cycle following the 30 day notice period.
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Vendor Credits. Dealer authorizes CDF to collect Vendor Credits directly from Vendors and, upon request of CDF, shall instruct Vendors to pay CDF directly. Vendor Credits shall be paid and applied in accordance with Section 2.26(i) of the Credit Agreement.
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Vendor Credits. If In The Loop cancels an event, Vendors will receive a Vendor credit of equal value to attend an In The Loop event in the future. Vendors will be required to apply for the future event of their choice to ensure availability in their craft category. Vendors will have 1 year from the event date to redeem their credit. All future events will be listed on In The Loop’s website at ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. If a Vendor should cancel an event more than one week prior to the event date, they will have 90 days from the event date to redeem their credit. Credits may be used ONE TIME ONLY. If vendor should cancel again, for any reason, their credit will become invalid.
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Vendor Credits. (a) Seller represents that it has certain credit rights known as co-op credits, MDF credits, stock rotation credits, price protection credits and promotional credits, of which an amount not to exceed $60,000 are listed on Schedule 10.3 (collectively, the "Credits," and individually, a "Credit" and relate to a particular "Credit Holdback Vendor"). which Seller has deducted from its accounts payable balances before payment pursuant to Section 4.12. (b) At the Closing, Buyer shall be entitled to a credit on the Closing Statement in an amount equal to the Credits (the "Credit Holdback"); (c) In the event that any Credit Holdback Vendor of Seller listed on Schedule 10.3 (a "Vendor") asserts a claim against Buyer for any unpaid account payable, then Buyer may pay such unpaid account payable amount, after notifying Seller at least seven (7) days prior thereto and granting Seller the opportunity within such seven (7) days the ability to satisfy its obligation to such Credit Holdback Vendor. For the purpose of this paragraph, a claim by a Credit Holdback Vendor need not be a legal proceeding, but must be more than a request for payment. The term "claim" will include any legal proceeding or threat thereof, any credit hold or threat thereof, and any cancellation or other substantial alteration of the business relationship between the Credit Holdback Vendor and the Buyer or threat thereof. Payments by Buyer made under this subsection shall reduce the Credit Holdback. (d) As and when Seller delivers to Buyer credit memos or other proper written evidence that the Credit Holdback Vendor has agreed to the Credit having been applied to the accounts payable balance, as described in Section 10.3(a), then Buyer shall promptly pay the amount of the Credit to Seller, until the Credit Holdback is exhausted. (e) If there is any Credit Holdback remaining on June 1, 1997, then Buyer shall promptly pay such amount to Seller. (f) In no event shall payments by Buyer hereunder be more than the original Credit Holdback.
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Vendor Credits. To the extent the Vendor gives credits toward future purchases of goods or services, financial incentives, discounts, value points or other benefits based on the purchase of the materials or services provided for under this Contract, such credits belong to the County and not any specific Using Agency. Vendor shall reflect any such credits on its invoices and in the amounts it invoices the County.
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Related to Vendor Credits

  • Service Credits Employees on pregnancy leave shall be entitled to normal accumulation of service credits for the duration of the pregnancy leave.

  • Service Level Credits If Verint does not meet the Uptime Percentage levels specified below, Customer will be entitled, upon written request, to a service level credit (“Service Level Credit”) to be calculated, with respect to the applicable Hosted Environment, as follows: • If Uptime Percentage is at least 99.95% of the month’s minutes, no Service Level Credits are provided; or • If Uptime Percentage is 99.75% to 99.94% (inclusive) of the month’s minutes, Customer will be eligible for a credit of 5% of a monthly average fee derived from one-twelfth (1/12th) of the then-current annual fee paid to Verint; or • If Uptime Percentage is 99.50% to 99.74% (inclusive) of the month’s minutes, Customer will be eligible for a credit of 7.5% of a monthly average fee derived from one-twelfth (1/12th) of the then-current annual fee paid to Verint; or • If Uptime Percentage is less than 99.50% of the month’s minutes, Customer will be eligible for a credit of 10.0% of a monthly average fee derived from one-twelfth (1/12th) of the then-current annual fee paid to Verint. Customer shall only be eligible to request Service Level Credits if Customer notifies Verint in writing within thirty (30) days from the end of the month for which Service Level Credits are due. All claims will be verified against Verint’s system records. In the event after such notification Verint determines that Service Level Credits are not due, or that different Service Level Credits are due, Verint shall notify Customer in writing on that finding. With respect to any Services Level credits due under Orders placed directly by Customer on Verint, Service Level Credits will be applied to the next invoice following Customer’s request and Verint’s confirmation of available credits; with respect to any Service Level Credits due for SaaS Services under Orders placed on Verint by a Verint authorized reseller on Customer’s behalf, Service Level Credits will be issued by such reseller following Customer’s request and Verint’s confirmation of available credits and such Services Level Credits may only be used by Customer with respect to subsequent purchases of Verint offerings through that reseller. Service Level Credits shall be Customer’s sole and exclusive remedy in the event of any failure to meet the Service Levels. Verint will only provide records of system availability in response to Customer’s good faith claims.

  • Customer Accounts The Bank agrees to establish and maintain the following accounts (“Accounts”): (a) A custody account in the name of the Customer (“Custody Account”) for any and all stocks, shares, bonds, debentures, notes, mortgages or other obligations for the payment of money, bullion, coin and any certificates, receipts, warrants or other instruments representing rights to receive, purchase or subscribe for the same or evidencing or representing any other rights or interests therein and other similar property whether certificated or uncertificated as may be received by the Bank or its Subcustodian (as defined in Section 3) for the account of the Customer (“Securities”); and (b) A deposit account in the name of the Customer (“Deposit Account”) for any and all cash in any currency received by the Bank or its Subcustodian for the account of the Customer, which cash shall not be subject to withdrawal by draft or check. The Customer warrants its authority to: 1) deposit the cash and Securities (“Assets”) received in the Accounts and 2) give Instructions (as defined in Section 11) concerning the Accounts. The Bank may deliver securities of the same class in place of those deposited in the Custody Account. Upon written agreement between the Bank and the Customer, additional Accounts may be established and separately accounted for as additional Accounts under the terms of this Agreement.

  • Linked Accounts All accounts with the Bank that you enroll in a service will be linked by the tax identification numbers of the persons authorized to access the account. The linked accounts will appear together without regard to the ownership of the accounts. For example, if an authorized user of a linked account accesses the Service, that authorized user will be able to view and access at a single time the following accounts: • the accounts of the business for which that person is an authorized user; • the accounts of any other business for which that person is an authorized user; and • any consumer accounts for which the person is a co-owner or authorized signer.

  • Credits An employee shall earn sick leave credits at the rate of nine decimal three seven five (9.375) hours for each calendar month for which such employee receives pay for at least seventy-five (75) hours.