Loyalty Payments definition

Loyalty Payments means an amount payable to the Xxxxxx under a milk supply agreement because the agreement is not terminated before the end of the supply period of the agreement (whether or not the agreement describes the amount as a loyalty payment, and whether or not the payment is subject to other conditions). Levies means any levy or charge including government taxes and duties paid on your behalf by us as set out in Schedule 5. Milk means raw milk produced at the Dairy to be supplied under this agreement. Milk Price is defined in clause 4.1 (Milk Price) and includes the Minimum Price.
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Loyalty Payments means an amount payable to the Xxxxxx under a milk supply agreement because the agreement is not terminated before the end of the supply period of the agreement (whether or not the agreement describes the amount as a loyalty payment, and whether or not the payment is subject to other conditions). Levies means any levy or charge including government taxes and duties paid on your behalf by us as set out in Schedule 5. Milk means raw milk produced at the Dairy to be supplied under this agreement. Milk Price means the price payable by us for Milk as calculated in accordance with Schedule 5. Minimum Price means the lowest price payable, for a period, under the agreement for milk supplied during the period, disregarding:
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Loyalty Payments means the Productivity Incentive, the SMR Backpay and SMR Step-Ups.
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Examples of Loyalty Payments in a sentence

  • Loyalty Payments applicable at the time the Supplier signs a Milk Supply Agreement will be identified in the Agreement.

  • The Loyalty Payments as at the Commencement Date are set out in Schedule 2.

  • Norco may increase Loyalty Payments during the Term by notice to the Supplier.

  • Norco may, at its discretion, pay Loyalty Payments to the Supplier in addition to the Agreed Volume Price.

  • Loyalty Payments are payable by Norco if the Supplier continues to supply the Agreed Volume of milk during the Supply Period.

  • Suppliers will be given notice of any change in Loyalty Payments.

  • Norco may increase Loyalty Payments during a financial year by notice to the Supplier.

  • Loyalty Payments apply to the Agreed Volume of in-specification milk supplied throughout the Supply Period.

  • Pay Rate & Fee Notice A written notice published by Norco from time to time setting out the price payable for milk that complies with the Required Specifications, comprising: (a) the Base Price; (b) Loyalty Payments; and (c) Bonus Payments together with the rates of all Fees that may apply.

  • The Loyalty Payments will be paid by Norco in arrears on or before the 15th day of the month following the month of supply.


More Definitions of Loyalty Payments

Loyalty Payments means that payment or payments made by the Company prior to the Closing Date in an aggregate amount equal to $1,570,000 and payable to those employees of the Company as approved in writing by Buyer prior to Closing, which such consent shall not be unreasonably withheld.
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Related to Loyalty Payments

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.

  • Third Party Payments means the payment made through instruments issued from an account other than that of the beneficiary investor mentioned in the application form. However, in case of payments from a joint bank account, the first named applicant/investor has to be one of the joint holders of the bank account from which payment is made.

  • Payments has the meaning set forth in Section 8.11.

  • Net Sales means [***].

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

  • Overpayments as used in this Section include payments (i) made by the System Agency that exceed the maximum allowable rates; (ii) that are not allowed under applicable laws, rules, or regulations; or (iii) that are otherwise inconsistent with this Contract, including any unapproved expenditures. Xxxxxxx understands and agrees that it will be liable to the System Agency for any costs disallowed pursuant to financial and compliance audit(s) of funds received under this Contract. Xxxxxxx further understands and agrees that reimbursement of such disallowed costs shall be paid by Grantee from funds which were not provided or otherwise made available to Grantee under this Contract.

  • Sales Taxes means any sales, use, consumption, goods and services, value added or similar tax, duty or charge imposed pursuant to Applicable Law.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Royalty means an interest in an oil and gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).