Prompt Payment Discount definition

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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

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;

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.

Examples of Prompt Payment Discount in a sentence

• If a Contractor accepts a Prompt Payment Discount, then all authorized Resellers shall also accept a Prompt Payment Discount.

• If a Contractor offers a discount for prompt payment, the Contractor shall include the terms of the discount on all invoices, the amounts which are due if the Authorized User meets the terms, and the number of days for which the Prompt Payment Discount offer applies.

• Notwithstanding any other provision of this Agreement, University is entitled to a discount of % (Prompt Payment Discount) off of each payment that University submits within days after University’s receipt of Contractor’s invoice for that payment.

• State of Ohio Agencies, State institutions of higher education and properly registered members of the Cooperative Purchasing Program of the Department of Administrative Services are advised that the Order Size Discount provided for orders exceeding $ 300.00 on page 6 of this contract does not apply for purchases made at the Contractor’s retail stores and that the Prompt Payment Discount on page 6 of this contract does not apply for purchases made at the Contractor’s retail stores.

• Net thirty (30) days from the date of the invoice, or, a three (3) percent Prompt Payment Discount, the 25th of the month following may be applicable providing the account is in good standing and has a payment history to support such an initiative.

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.

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. 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 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. ______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. 1% 20 Days”).

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