Supplier Settlement Date definition

Supplier Settlement Date means the date for payment by IBM GF to the Supplier of a Settlement Amount, depending, in the case of each individual Receivable, on the date when such Receivable is included in a Credit Report as a Purchased Receivable and is the number of days (corresponding to the table in Schedule A) after the Sunday of the applicable Download Week relating to the relevant Receivable (unless such date for payment is not a Business Day, in which case the Supplier Settlement Date shall be the next occurring Business Day).
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Supplier Settlement Date means the date payment of the Settlement Amount by IBM GF is due to the Supplier, which shall be the date which is 15 calendar days after the Sunday of the applicable Download Week (unless such date is not a Business Day in which case the Supplier Settlement Date shall be the next occurring Business Day).
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Examples of Supplier Settlement Date in a sentence

  • IBM GF shall send a separate invoice to the Supplier for Handling Fees (by the 8th day of each month) in respect of all Invoices Over Limit (if any) that, in the preceding month, have passed the last possible Supplier Settlement Date applicable to each such Invoice Over Limit.

  • IBM GF shall remit to Supplier any Unfunded Collections no later than the date of the next scheduled Supplier Settlement Date, regardless of whether a Settlement Amount is due on such date.

  • Any sums of money received by IBM GF from a Buyer and applied to a Recourse Receivable which has been repurchased by the Supplier shall be held in trust for the benefit of the Supplier and promptly transferred to the Supplier by IBM GF either in cash or, at IBM GF’s option, added to the Settlement Amount payable to IBM GF on the next Supplier Settlement Date.

  • Debit Notes To the extent not already credited in the calculation of any Settlement Amount, the amount of any Credit Notes issued relating to a Purchased Receivable and not included in such calculation shall be applied to reduce the Settlement Amount owed by IBM GF to the Supplier on the next Supplier Settlement Date.

  • Any sums of money received by IBM UK from a Buyer and applied to a Recourse Receivable which has been repurchased by the Supplier shall be held in trust for the benefit of the Supplier and promptly transferred to the Supplier by IBM UK either in cash or, at IBM UK’s option, added to the Settlement Amount payable to IBM UK on the next Supplier Settlement Date.

  • Receivables IBM UK shall pay the Settlement Amount in cleared funds to the bank account of the Supplier stated in Schedule A on the Supplier Settlement Date.

  • Receivables IBM GF shall pay the Settlement Amount in cleared funds to the bank account of the Supplier stated in Schedule A on the Supplier Settlement Date.

  • Notes To the extent not already credited in the calculation of any Settlement Amount, the amount of any Credit Notes issued relating to a Purchased Receivable and not included in such calculation shall be applied to reduce the Settlement Amount owed by IBM UK to the Supplier on the next Supplier Settlement Date.

Related to Supplier Settlement Date

  • Scheduled Settlement Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Remarketing Settlement Date means the date of the settlement of any Successful Remarketing, which will be three Business Days after such Remarketing.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Purchase Contract Settlement Date means [ ].

  • Final Settlement Date has the meaning set forth in Section 2.4(c).

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour.

  • Monthly Settlement Date means the 25th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

  • Termination Settlement Date means, for any Terminated Obligation, the date customary for settlement, substantially in accordance with the then-current market practice in the principal market for such Terminated Obligation (as determined by the Calculation Agent), of the sale of such Terminated Obligation with the trade date for such sale occurring on the related Termination Trade Date.

  • Physical Settlement Date means the date (which may occur after the Scheduled Maturity Date) specified as such in the Intended Physical Settlement Notice falling 10 Business Days after the date of the Intended Physical Settlement Notice.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • Early Settlement Date has the meaning specified in Section 5.9(a).

  • TARGET Settlement Day means any day on which TARGET2 is open for the settlement of payments in euro;

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • First Settlement Date means the date set forth in footnote 3 under "Summary of Essential Financial Information" in the Prospectus Part I for a Trust.

  • Subscription Settlement Date means the second Valuation Date after the Subscription Trade Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Settlement Date means, with respect to the Called Principal of any Note, the date on which such Called Principal is to be prepaid pursuant to Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires.

  • Gross Settlement Amount means $240,000 which is the total amount Standard agrees to pay under the Settlement, except as provided in Paragraph 8 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Standard Settlement Period means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Exercise.

  • Mandatory Settlement Date means the earliest of:

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Cash Settlement Averaging Period means (a) with respect to any Conversion Date occurring on or after the 24th Scheduled Trading Day immediately preceding the Maturity Date, the twenty (20) consecutive Trading Day period ending on, and including, the third Scheduled Trading Day immediately preceding the Maturity Date and (b) in all other cases, the twenty (20) consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the relevant Conversion Date.

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of: