Vendor Rebates Clause Samples
The Vendor Rebates clause defines the terms under which a vendor provides financial incentives or refunds to the buyer based on certain purchasing thresholds or performance metrics. Typically, this clause outlines how rebates are calculated, the conditions that must be met to qualify, and the process for payment or crediting of the rebate, such as achieving a specified volume of purchases within a set period. Its core function is to encourage higher purchase volumes or loyalty from the buyer while providing a clear mechanism for financial rewards, thereby aligning the interests of both parties and reducing ambiguity around rebate entitlements.
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Vendor Rebates. By December 15 of each year, Supplier will provide LESCO with a reasonable estimate of anticipated third party vendor or supplier rebates, refunds or similar payments for the immediately succeeding year. In accordance with CAS, Supplier's Standard Cost shall be net of such estimated rebates, refunds or payments. On the 15th of each month of such succeeding year, LESCO shall pay Supplier 1/12th of such estimated annual rebates. LESCO shall pay simple interest at the rate of {REDACTED}% per month, accrued daily, in the event it fails to pay on such date. Subject to Section 6(d) hereof, within 15 days of Supplier's receipt of any such vendor or supplier rebates, refunds or similar payments (to the extent such rebates, refunds or payments have been netted from Standard Cost), it shall pay such amounts to LESCO. Any amounts that remain unpaid by Supplier when due under this subsection shall accrue simple interest at the rate of {REDACTED}% per month, accrued daily. To the extent that actual vendor or supplier rebates, refunds or similar payments are greater or less than the amount netted from Standard Costs, such amounts shall be trued-up at the end of each year in connection with the true-up of actual costs relative to Standard Costs as provided in Attachment D.
Vendor Rebates. To the extent not included in the Closing Working Capital, following the Closing Date, and within ten days of receipt, the Purchaser shall remit to each Shareholder his Pro Rata Share of all rebates received after the Closing Date from the Company’s vendors that relate to rebates earned by the Company for periods up to and including the Closing Date, excluding any rebates earned by the Company under the Purchaser’s vendor rebate program.
Vendor Rebates. SHOPPE COMPANY shall have the right to periodically enter into agreements with vendors, suppliers and distributors, who provide products and services to FRANCHISEE, contemplating the payment of a rebate or other consideration to SHOPPE COMPANY on account of FRANCHISEE'S purchases. SHOPPE COMPANY will have the right to use rebates, and other monetary consideration received, for any purpose for which it may use the GENERAL MARKETING CONTRIBUTION under Section 9.7.3. or for any other purpose SHOPPE COMPANY desires, without regard to whether such purpose is of any direct or indirect benefit to FRANCHISEE.
Vendor Rebates. Premier LP shall pay directly to applicable Member Facilities, in the manner provided in the Premier Program Contracts, all Rebates actually received by Premier LP from Vendors during the preceding quarter with respect to purchases by those Member Facilities under such Premier Program Contracts.