Payment Rebate definition

Payment Rebate means an amount due to the Authority from the Contractor as a result of a failure to meet the applicable KPI Target;
Payment Rebate means an amount due to the Authority from the Contractor as a result of a failure to meet the applicable KPI Target; The Contractor shall deliver Contractor Deliverables ordered pursuant to this Contract and work with the Authority in order to meet the applicable KPI Target indicated in the tables below. The Authority shall measure and provide the Contractor with a report detailing the Contractors performance against the KPIs in the preceding month and cumulatively from the beginning of the Contract Year to the end of the preceding month. The report shall be an agenda item for discussion at the quarterly meeting. Within 30 days from the end of the Contract Year the Authority shall provide the Contractor with a report detailing the Contractors performance against the KPIs over the Contract Year (“Performance Report”). The report shall be discussed and agreed at the quarterly meeting. Following agreement of the Performance Report the Authority shall be entitled to claim any Payment Rebate due. The Contractor shall credit any Payment Rebate claimed against invoices raised in the month following receipt of the Authority’s claim. The Payment Rebate for each KPI in the Contract Year shall be determined from the applicable percentage factor detailed in the Tables below that relates to the performance level achieved during the Contract Year against that KPI (“Percentage Factor”). The Percentage Factor shall be applied to the total price of Contractor Deliverables invoiced by the Contractor in the Contract Year to determine the amount of the Payment Rebate for the relevant KPI. The amount of any Payment Rebate for all KPIs shall not exceed in aggregate an amount greater than 5% of the total price of Contractor Deliverables invoiced by the Contractor during the Contract Year.
Payment Rebate means an amount due to the Authority from the Contractor

Examples of Payment Rebate in a sentence

  • The Authority shall measure the performance of the Contractor with reference to the Key Performance Indicators detailed at paragraph 8 below and shall be entitled to claim a Payment Rebate in the event that the Contractor fails to meet the KPI Targets.

  • The Authority shall measure the performance of the Contractor with reference to the Key Performance Indicators detailed at Annex C and shall be entitled to claim a Payment Rebate in the event that the Contractor fails to meet the KPI Targets.

  • The Authority shall measure the performance of the Contractor with reference to the Key Performance Indicators detailed at paragraph 8 below and shall be entitled to claim a Payment Rebate in the event that the Contractor fails to meet the KPI targets.

  • For every 0.25% change in the Bank of England Base Rate from the Effective Date, the Early Payment Rebate will be adjusted in the same direction as the Bank of England Base Rate change by 0.25% multiplied by the number of days an Invoiced Debt is paid early divided by 365 days.

  • Interest benefits due the lender may be calculated by using either the average daily balance or actual accrual methods in 34 CFR sections 682.304(b) and (c).Consolidation Loan Interest Payment Rebate Fee Consolidation loan interest payment rebate fees are required on a monthly basis from lenders that hold Federal consolidation loans with first disbursements after October 1, 1993.

  • The builder has denied the Timely Payment Rebate on the ground that in spite of service of demand letter dated 29.12.2011, the amount due was not deposited till last date i.e. 18.01.2012, rather it was deposited on 27.01.2012 (without including the amount of interest accrued on it in the meantime).

  • Prompt Payment Rebate/ Rebate for online payment: In accordance with Clause IV of Terms & Conditions of Supply as provided in Section A11 of this Tariff Order.

  • The Petitioner also proposed to apply Prompt Payment Rebate to be varying with the date of payment starting from 2% for payment within 2 days from the date of presentation of the bill and reducing thereafter in stages and discontinuation of such rebate for payment beyond 28 days from the date of presentation of the bill.

  • The builder has simultaneously provided various benefits to the buyers, i.e. Advance Payment Rebate in the shape of interest at the rate of 13% p.a. on the amount in excess of 35% of sale price as on 26.03.2009, 5% discount of basic sale price, increase of approximately 5% area and compensation for delayed possession @ Rs.10/­ per Sq. ft.

  • The Developer may give Early Payment Rebate/ Discount in the basic sale price of the said Apartment equivalent to simple interest @ 12% on such payment received in advance of any installment falling due later.


More Definitions of Payment Rebate

Payment Rebate means an amount due to the Authority from the Contractor as a result of a failure to meet the applicable KPI target; The Contractor shall deliver Contractor Deliverables ordered pursuant to this Contract and work with the Authority in order to meet the applicable KPI Target indicated in the tables below. The Authority shall measure and provide the Contractor with a report detailing the Contractors performance against the KPIs upon completion of Contract. Within 30 days from the end of the Contract Year the Authority shall provide the Contractor with a report detailing the Contractors performance against the KPIs over the Contract Year (“Performance Report”). The report shall be discussed and agreed at the quarterly meeting. Following agreement of the Performance Report the Authority shall be entitled to claim any Payment Rebate due. The Contractor shall credit any Payment Rebate claimed. The Payment Rebate for each KPI during the Contract shall be determined from the applicable percentage factor detailed in the Tables below that relates to the performance level achieved during the Contract against that KPI (“Percentage Factor”). The Percentage Factor shall be applied to the total price of Contractor Deliverables invoiced by the Contractor during the Contract period to determine the amount of the Payment Rebate for the relevant KPI. The amount of any Payment Rebate for all KPIs shall not exceed in aggregate an amount greater than 5% of the total price of Contractor Deliverables invoiced by the Contractor during the Contract period.
Payment Rebate means an amount due to the Authority, from the Contractor, as a results of a failure to meet the applicable KPI Target; The Contractor shall deliver Contractor Deliverables ordered pursuant to this Contract and work with the Authority to meet the applicable KPI Target indicated in the tables below. The Authority shall measure and provide the Contractor with a report detailing the Contractor’s performance against KPIs in the preceding month. The report shall be an agenda item for discussion at the quarterly meeting. Within 30 days from the end of the Contract Year the Authority shall provide the Contractor with a report detailing the Contractor’s performance against the KPIs over the Contract Year (“Performance Report”). The report shall be discussed and agreed at the quarterly meeting. Following agreement of the Performance Report the Authority shall be entitled to claim any Payment Rebate due. The Contractor shall credit any Payment Rebate claimed against invoices raised in the month following receipt of the Authority’s claim. The Payment Rebate for each KPI in the Contract Year shall be determined from the applicable percentage factor detailed in the tables below that relates to the performance level achieved during the Contract Year against that KPI (“Percentage Factor”). The Percentage Factor shall be applied to the total price of Contractor Deliverables invoiced by the Contractor in the Contract Year to determine the amount of the Payment Rebate for the relevant KPI. The amount of any Payment Rebate for all KPIs shall not exceed in aggregate an amount greater than 5% of the total price of Contractor Deliverables invoiced by the Contractor during the Contract Year. The KPI Descriptions, Targets and applicable Payment Rebates are as follows: KPI No 1 Delivery Performance KPI Description The number of order lines completed by the agreed delivery date expressed as a percentage of the total number of order lines delivered in the period. KPI Target: More than or equal to 98% Performance Level More than or equal to 98% Less than 98% but more than or equal to 95% Less than 95% but more than or equal to 90% Less than 90% Payment Rebate Nil 1.5% 2.0% 2.5% KPI No 2 New Stores Rejects KPI Description The number of New Stores Rejects raised (where it is agreed that the Contractor is liable) as a percentage of the total number of order lines delivered in the period. KPI Target: Less than or equal to 1% Performance Level Less than or equal to 1% More than 1% but les...
Payment Rebate means an amount due to the Authority from the Contractor as a result of a failure to meet the applicable KPI target.

Related to Payment Rebate

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

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

  • Payment means any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable pursuant to this Agreement or otherwise.