Prompt Payment Discount definition

Prompt Payment Discount. 10 days (e. g. 1% 10 days, 2% 10 days)

Prompt Payment Discount means any discount or reduction, given in respect of the relevant year (quantified on the assumption of 3300 kWh annual consumption for a Standard Domestic Tariff, and on the basis of 6600 kWh annual consumption for a Domestic Economy 7 Tariff), for the prompt or timely payment of bills by cash or cheque, compared with the charge which would be made where payment is not made promptly or on time.

Prompt Payment Discount means the discount provided to Customers for the purchase of Caphosol within the US only, where the Customer pays their outstanding liability for product within thirty-one (31) days of receipt of that product;

Examples of Prompt Payment Discount in a sentence

• PROMPT PAYMENT DISCOUNT, IF APPLICABLE, SHALL BE SHOWN ON THE INVOICE.

• Please indicate whether or not you are able to meet this requirement YES YES NO Vendor Please Type Vendor Name in the yellow shaded box Superior Bakery NOTE: ALL PRICES PROPOSED BELOW ARE BASED OFF NET 30 DAY TERMS NOTE: ALL VENDORS RESPONDING TO THE WITHIN SOLICITATION MUST COMPLETE A PROMPT PAYMENT DISCOUNT (“PPD”) FORM AS PART OF THIS MASTER PRICE AGREEMENT SOLICITATION.

• NOTE: ALL VENDORS RESPONDING TO THE WITHIN SOLICITATION MUST COMPLETE A PROMPT PAYMENT DISCOUNT (“PPD”) FORM AS PART OF THIS MASTER PRICE AGREEMENT SOLICITATION.

• IX BID STANDARD TERMS AND CONDITIONS IX TERMS AND CONDITIONS FOR THIS BID IX PPD - PROMPT PAYMENT DISCOUNT CLAUSE IX MULTI YEAR AWARD IX PURCHASE AGREEMENT BID IX RIVIP INFO - BID SUBMISSION REQUIREMENTS IX Terms and Conditions BID STANDARD TERMS AND CONDITIONS TERMS AND CONDITIONS FOR THIS BID PPD - PROMPT PAYMENT DISCOUNT CLAUSE NOTE: All vendors responding to the within solicitation must complete the attached prompt payment discount "PPD" form as part of this master price agreement solicitation.

• VII BID STANDARD TERMS AND CONDITIONS VII TERMS AND CONDITIONS FOR THIS BID VII PPD - PROMPT PAYMENT DISCOUNT CLAUSE VII MULTI YEAR AWARD VII PURCHASE AGREEMENT BID VII RIVIP INFO - BID SUBMISSION REQUIREMENTS VII Terms and Conditions BID STANDARD TERMS AND CONDITIONS TERMS AND CONDITIONS FOR THIS BID PPD - PROMPT PAYMENT DISCOUNT CLAUSE NOTE: All vendors responding to the within solicitation must complete the attached prompt payment discount "PPD" form as part of this master price agreement solicitation.

More Definitions of Prompt Payment Discount

Prompt Payment Discount means any discount or reduction, given in respect of the relevant year (quantified on the assumption of 3300 kWh annual consumption for a Standard Domestic Charge, and on the basis of 6600 kWh annual consumption for a Domestic Economy 7 Charge), for the prompt or timely payment of bills by cash or cheque, compared with the charge which would be made where payment is not made promptly or on time. "RPI\\t\\" means the percentage change (whether of positive or a negative value) in the arithmetic average of the Retail Price Index numbers published or determined with respect to each of the six months July to December (inclusive) in relevant year t-l and the arithmetic average of the Retail Price Index numbers published or determined with respect to the same months in relevant year t-2.

Prompt Payment Discount. 1% 20 Days”). 14. Totals for each order. Each invoice shall have a total for all orders, a total for all credits, and amount due from each agency. 15. Any other mutually agreed upon requirements the State may later deem necessary. Within 15 days from contract award, the Contractor must submit a preliminary copy of their invoice to the Lead State Procurement Officer for approval. The Lead State shall review and determine acceptability of the invoice and the authorized copy shall become the standard for this Master Agreement. Other Participating Entities may have their own invoicing requirements. M Requirement # Requirement Description Type Meets Yes No Proposal Number

Prompt Payment Discount. The reduction of the sponsor’s invoice by an agreed upon percentage when the contractor receives payment within a specified number of days.

Prompt Payment Discount. ______days. (If no discount is offered, Net 30 will apply.) Please check the following blanks which apply to your company: Ownership of firm (51% or more): Non-minority Hispanic African-American --- --- --- Other Minority (specify) --- ------------------------------- Female Owned Handicapped Owned --- --- Small Business (less than $1 million annual receipts or 100 employees) --- Indicate Status: Partnership X Corporation Sole Proprietorship --- --- --- Other (specify) --- ------------------------- FOR CITY USE ONLY AWARD ------------------------------------------------------------------------------- Items Accepted: Ordinance No: Date: Amount: ------------------------------------------------------------------------------- Approved: CITY OF SAN ANTONIO ----------------------------

Prompt Payment Discount has the meaning given to it in paragraph 5.8 of Schedule 5 (Payment Mechanism);

Prompt Payment Discount means any discount or reduction, given in respect of the relevant year (quantified on the assumption of 3300 kWh annual consumption for a Standard Domestic Charge, and on the basis of 6600 kWh annual consumption for a Domestic Economy 7 Charge), for the prompt or timely payment of bills by cash or -71-

Prompt Payment Discount means a provision in a procurement contract that enables the procuring entity to receive a discount in return for payment earlier than required by the contract; and