Purchase Power definition

Purchase Power a revolving credit payment facility, allowing payment in arrears for postage and/or Consolidated Billing. “Repudiation”- when your actions indicate that you no longer intend to keep to this Agreement and, due to which, we may give you notice that we have terminated your right to possession of the Products and are arranging for their recovery. “Scheme” - the Royal Mail Scheme for Franking Letters and Parcels, as issued by Royal Mail from time to time.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Purchase Power a revolving credit payment facility, allowing payment in arrears for postage and/or Consolidated Billing which will be subject to separate terms and conditions. “Scheme” – the specifications outlined in the Royal Mail Scheme for Franking Letters and Parcels, as issued by Royal Mail from time to time. “Start Date” – The date shown on the Order Form at which this Agreement takes effect.

Purchase Power payment facility, allowing payment in arrears for postage and/or Consolidated Billing. "Rentals" - rental and/or service and/or other charges as set out on the Order Form payable on a periodic basis in accordance with this Agreement.

Examples of Purchase Power in a sentence

• In order to participate in the Purchase Power program (the “Program”), you must provide the information described in paragraph (h) below.

• If you participate in any PBI, PBGFS, or Bank postage advance programs (such as Purchase Power), we will advance payment on your behalf to the USPS, subject to repayment by you under the terms of the postage advance program and billed separately from your Meter Services fees.

• Any amounts due by you to us under the Purchase Power arrangement will become immediately due and payable on cancellation.

• Any amounts due by you to us under the Purchase Power arrangement will become immediately due and payable on termination.

• The Purchase Power Agreement (hereinafter sometimes termed "Agreement") shall consist of (1) Company’s form of Purchase Power Agreement when signed by Seller and accepted by Company, (2) the applicable Schedule for the purchase of electricity as specified in the Purchase Power Agreement, and (3) these Terms and Conditions for the Purchase of Electric Power (hereinafter referred to as "Terms and Conditions"), and all changes, revisions, alterations therein, or substitutions therefor lawfully made.

• The estimated annual energy production from the Facility specified in the Purchase Power Agreement shall be the estimated total annual kilowatt-hours registered or computed by or from Company's metering facilities for each time period during a continuous 12-month interval.

• In the event that (i) you do not maintain a Reserve Account or a Purchase Power account with the Bank or (ii) you do not have available funds in a Reserve Account and do not have available credit under a Purchase Power account, all such fees and charges will be charged to your credit card together with a convenience fee of 3 ½% of the amount of all Shipping Charges and you authorize us to do so.

• A Purchase Power Agreement shall not be transferred and assigned by Seller to any person, firm, or corporation that is party to any other purchase agreement under which a party sells or seeks to sell power to the Company from another Qualifying Facility that is located within one-half mile, as measured from the electrical generating equipment.

• The following provisions apply to the Purchase Power Program (the “Program”).

• For all other charges for postage or for the sending of parcels through the Service, including, without limitation, any charges imposed by a Carrier for which the charges paid by you were insufficient (all such charges are called “Shipping Charges”) and all fees for the use of the Service, we will charge your Reserve Account, if established, with any remaining unpaid balance being charged to your Purchase Power account, if any.

More Definitions of Purchase Power

Purchase Power payment facility, allowing payment in arrears for postage and/or Consolidated Billing. "Rentals" - rental and/or service and/or other charges as set out on the Order Form payable on a periodic basis in accordance with this Agreement. "Services" - services provided for under this Agreement and set out on the Order Form. "Service Charges" - service charge amounts set out on the Order Form, including an unlimited number of Meter resets each year "Service Cover"- provides (i) a during Normal Business Hours next day response to emergency calls (ii) all emergency repairs, labour, spare parts (iii) for IntelliLink® range of Equipment, unlimited update to tariff increases and (iv) for non IntelliLink® range of Equipment capable of rate determination, a maximum of 2 tariff increases will be covered within a 2 month period starting with the Date of First Payment shown on the Order Form and, thereafter, a maximum of 2 postal rate changes will be covered without charge for the 12 month period following each anniversary of the Date of First Payment during this Agreement. Technical assistance will be provided in the first instance through our knowledge base web support. This can be accessed by logging on to ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇.▇▇ and visiting the My Account pages.

Purchase Power payment facility, allowing payment in arrears for postage (see Clause 11 below).

Purchase Power a payment facility providing a method of payment for postage. "Service Cover"- provides, a during Normal Business Hours, next day response to emergency calls during Normal Business Hours next day response to emergency calls all emergency repairs, labour, spare parts and unlimited update to tariff increases. Technical assistance will be provided in the first instance by visiting our support pages at ▇▇▇.▇▇.▇▇▇/▇▇/▇▇▇▇▇▇▇ If ink is included, as indicated on the Order Form, AutoInk is provided as a service to you as part of the Service Cover you chose. "Start Date" - The date shown on the Order Form at which this Agreement takes effect. "Vault" - PB Postage revenue security device; "Warranty Period" - 3 months from installation of the Equipment.

Purchase Power refers to a credit line that grants the Borrower a maximum credit limit, as approved by the Bank, at any given time. This credit line is determined based on an evaluation of the Borrower's creditworthiness and is applicable to various credit products accessible through the Digital Portal. The Borrower may use this to make withdrawals and UPI payments to Merchants all within the approved credit limit, subject to the terms and conditions established by the Bank.