Net Credit Sales definition

Net Credit Sales means, for any Fiscal Year, Fiscal Month or Business Day, an amount equal to (i) gross credit sales on Accounts (including gift card sales, sales tax, delivery charges, Licensee sales and any other amount included in the full amount charged by Cardholders) during such Fiscal Year, Fiscal Month or Business Day, minus (ii) the sum of credits for returned goods and cancelled services and other credits granted at the point of sale (such as concessions, discounts and adjustments) on Accounts during such Fiscal Year, Fiscal Month or Business Day.”

Net Credit Sales means, (i) for any Business Day, an amount equal to (A) gross credit sales on Accounts (including gift card sales, sales tax, delivery charges, Licensee sales and any other amount included in the full amount charged by Cardholders) reflected in the NMG Charge Transaction Data since the preceding Business Day, minus (B) the sum of credits for returned goods and cancelled services and other credits (such as concessions, discounts and adjustments) on Accounts reflected in the NMG Charge Transaction Data since the preceding Business Day and (ii) for any Fiscal Year, an amount equal to (A) gross credit sales on Accounts (including gift card sales, sales tax, delivery charges, Licensee sales and any other amount included in the full amount charged by Cardholders) reflected in the NMG Charge Transaction Data since the preceding Fiscal Year, minus (B) the sum of credits for returned goods and cancelled services and other credits (such as concessions, discounts and adjustments) on Accounts reflected in the NMG Charge Transaction Data since the preceding Fiscal Year.

Net Credit Sales means, for any date or measurement period, an amount equal to (A) gross credit sales on Accounts (including gift card sales, sales tax, delivery charges, Licensee sales and any other amount included in the full amount charged by Cardholders) charged by Cardholders in respect of any Account since the Retail Day preceding such date or the beginning of such measurement period, minus (B) the sum of credits for returned goods and cancelled services and other credits on Accounts reflected in the Charge Transaction Data since the Retail Day preceding such date or the beginning of such measurement period.

Examples of Net Credit Sales in a sentence

• Without limiting the foregoing, as a strategic priority for the Program, the Bank shall facilitate the Company's efforts to improve the effectiveness of the Loyalty Program in driving Transactions in all Company Channels by actively proposing to the Company possible improvements in Loyalty Program features and functionality, and providing at the Bank's cost reasonable analyses of the projected effects of such proposed improvements on Net Credit Sales.

• Each Credit Party has filed all material tax returns required to have been filed and has paid all material Taxes shown to be due and payable on such returns and all other material Taxes which are payable by such party, to the extent the same have become due and payable.

• It is a ratio between net credit purchase and the average amount of creditors outstanding during the year it is computed as underCredit turnover ratio =Net Credit Sales Average CreditorsAverage creditors = Average of creditors outstanding at the beginning at the end of the yearThe creditors turnover ratio is an vital tool of analysis as a company or concern can reduce its requirement of current assets by relying on suppliers credit.

• Debtor Turnover Ratio = Net Credit Sales / Average Trade Debtors Net credit sales consist of gross credit sales minus sales return.

• Bank’s good faith estimate shall be based on Macy’s’ then most recent projections of Net Credit Sales and shall take into account, among other things, holidays and seasonal and other sales fluctuations.

More Definitions of Net Credit Sales

Net Credit Sales means, for any Fiscal Year or Fiscal Month, an amount equal to (i) gross credit sales on Accounts (including gift card sales, sales tax, delivery charges, Licensee sales and any other amount included in the full amount charged by Cardholders) during such Fiscal Year or Fiscal Month, minus (ii) the sum of credits for returned goods and cancelled

Net Credit Sales means, for any date or measurement period, an amount equal to (A) gross credit sales on Accounts (including gift card sales, sales tax, delivery charges and any other amount included in the full amount charged by Cardholders) reflected in the Charge Transaction Data since the Retail Day preceding such date or the beginning of such measurement period, minus (B) the sum of credits for returned goods and cancelled services and other credits (such as concessions, discounts or down payments and adjustments) on Accounts reflected in the Charge Transaction Data since the Retail Day preceding such date or the beginning of such measurement period. [****]

Net Credit Sales means, for any date or measurement period, an amount equal to (A) gross credit sales on Accounts (****) minus (B) the sum of credits for returned goods and cancelled services and other credits (****) on Accounts(****) (****).

Net Credit Sales means Purchases, less credits or refunds for Goods and/or Services, all as shown in the Transaction Data (as corrected by Bank in the event of any computational error), calculated each Business Day.

Net Credit Sales means, for any Fiscal Year, Fiscal Month or Business Day, an amount equal to

Net Credit Sales means, for any date or measurement period, an amount equal to (i) gross credit sales on Accounts (including gift card sales, sales tax, delivery charges, Licensee sales and any other amount included in the full amount charged by Cardholders) since the Retail Day preceding such date or the beginning of such measurement period, minus (ii) the sum of credits for returned goods and cancelled services and other credits (such as concessions, discounts and adjustments) on Accounts since the Retail Day preceding such date or the beginning of such measurement period.

Net Credit Sales means, for any calendar year, an amount equal to (a) gross credit sales on Accounts during such calendar year, minus (b) the sum of credits for returned goods and cancelled services and other credits related to the price of Goods and/or Services (such as concessions, discounts and adjustments) on Accounts during such calendar year.