Dealer Discounts Sample Clauses

Dealer Discounts. The parties acknowledge that each Dealer has agreed or will be required to agree to accept a discount (the “Dealer Discount”), in a percentage agreed-upon with Sunlight, from the principal amount of each Loan to produce Loan Proceeds to be disbursed to such Dealer thereon. Upon Bank’s sale of any Loan or Participation Interests therein, whether to Sunlight, any other purchaser or any third party, or upon the prepayment or payment at maturity of any Loan when held by Bank on its balance sheet, Bank shall ensure that Sunlight receives or has received (x) the lesser of (i) the full Dealer Discount on such Loan and (ii) the excess of the Cash Purchase Price (or principal paid) for such Loan over the Purchase Price for such Loan less (y) any compensation to which Bank is entitled hereunder and/or under any applicable Loan Sale Agreement. For the avoidance of doubt: (i) Sunlight shall bear all Servicing Expense for any Loans; (ii) Bank is entitled to receive from each payment of any Loan equal to (A) the quotient of (I) the Cash Basis, divided by (II) the outstanding principal balance of such Loan, multiplied by (B) the portion of such payment that constitutes a payment in respect of the unpaid principal balance of such Loan; and (iii) Sunlight is entitled to receive from each payment of any Loan all other amounts included therewith, including the portion of such payment that constitutes a payment in respect of the accrued and unpaid interest on such Loan, any late fees, and any other cash flows from such Loans not described in clause (b) above.
Sample 1Sample 2
AutoNDA by SimpleDocs
Dealer Discounts. The parties acknowledge that each Dealer has agreed or will be required to agree to accept a discount (the “Dealer Discount”), in a percentage agreed-upon with Sunlight, from the principal amount of each Loan to produce net Loan Proceeds to be disbursed to such Dealer thereon; payment of such Dealer Discount will be managed by Sunlight with Bank’s approval; provided, however, that upon the request of any Dealer, Sunlight may agree, upon the prior written consent of Bank, not to deduct the Dealer Discount from the principal amount of such Loan prior to the funding thereof if such Dealer has requested to pay such Dealer Discount to Sunlight thereafter; provided, further, that (i) whether or not such Dealer has paid such undeducted Dealer Discount to Sunlight, Sunlight shall reimburse Bank for any such undeducted Dealer Discount on or before the tenth (10th) Business Day of the calendar month following the thirtieth (30th) day after Bank funds such Dealer Discount; provided that with respect to undeducted Dealer Discount funded by Bank on or prior to May 31, 2023, Sunlight shall reimburse the same to Bank on or prior to the tenth (10th) Business Day of July, 2023, and (ii) Bank shall have no obligation to fund any undeducted Dealer Discount if, after giving effect to such funding, the aggregate undeducted Dealer Discount funded by Bank and not yet reimbursed by Sunlight shall not at any time exceed $2,500,000. Upon Bank’s sale of any Loan or Participation Interests therein, whether to Sunlight, any other purchaser or any third party, or upon the prepayment or payment at maturity of any Loan when held by Bank on its balance sheet, Bank shall ensure that Sunlight receives or has received (x) the lesser of (i) the full Dealer Discount on such Loan and (ii) the excess of the Cash Purchase Price (or principal paid) for such Loan over the Purchase Price for such Loan less (y) any compensation to which Bank is entitled hereunder and/or under any applicable Loan Sale Agreement. The foregoing notwithstanding, with respect to any Required Retained Loan, on the Funding Date of such Loan, Bank shall (i) disburse to Sunlight the Required Retained Loan Funding Amount and (ii) retain the amount equal to the difference between the (a) Original Principal Balance of such Required Retained Loan and (b) the Required Retained Loan Funding Amount. Bank acknowledges and agrees that Sunlight shall retain from the Required Retained Loan Funding Amount the Required Retained Loan Disco...
Sample 1
Dealer Discounts. Dealer discount rates are structured so as to allow each dealer a sufficient profit margin to motivate sales of Ohenry products. Each dealer is eligible for the same discount rate from Ohenry, regardless of individual sales volume. Each dealer is responsible for promoting Ohenry products at the current retail prices reflected on the Ohenry website. However, the retail prices posted on the Ohenry website can be discounted at the dealer’s discretion for any high volume orders which the dealer may receive. The discount offered by the dealer to any particular customer does not affect the dealer’s cost from Ohenry. Any dealer offered discounts are left to the dealer’s discretion, and discounts offered will simply narrow or reduce the dealer’s margin of profit.
Sample 1
Dealer Discounts. Dealer discount rates are structured so as to allow each dealer a sufficient profit margin to motivate sales of AG products. Each dealer is eligible for discounts rate based on sales volume. Each dealer is responsible for promoting AG products at the retail MAP (Minimum Advertised Price) for all Internet promotional and/or Internet marketing pieces in accordance with pricing as dictated by AG. However, the retail prices may be verbally discounted at the dealer’s discretion. The dis- count offered by the dealer to any particular customer does not affect the dealer’s cost from AG. Any dealer offered dis- counts are left to the dealer’s discretion, and discounts offered will simply narrow or reduce the dealer’s margin of profit.
Sample 1
Dealer Discounts. The parties acknowledge that each Dealer has agreed or will be required to agree to accept a discount (the “Dealer Discount”), in a percentage agreed-upon with Sunlight, from the principal amount of each Loan to produce net Loan Proceeds to be disbursed to such Dealer thereon. Upon Bank’s sale of any Loan or Participation Interests therein, whether to Sunlight, any other purchaser or any third party, or upon the prepayment or payment at maturity of any Loan when held by Bank on its balance sheet, Bank shall ensure that Sunlight receives or has received the full Dealer Discount on such Loan less any compensation to which Bank is entitled hereunder and/or under any applicable Loan Sale Agreement.
Sample 1
Dealer Discounts. You shall receive for each sale of shares of the Fund, ---------------- except shares sold which are not subject to a sales charge, a discount in accordance with the table which follows, The amount of the discount is subject to change by us without notice. Sales Charge ------------ Allowed to As a As a Dealers as a Percentage of Percentage of Percentage of Amount of Purchase Offering Price Net Asset Value, Offering price Less than $100.000 4.50% 4.71% 4.00% 100,000 but less than 250,000 3.50% 3.63% 3.00% 250,000 but less than 500,000 2.50% 2.56% 2.25% 500,000 but less than 1,000,000 2.00% 2.04% 1.75% 1,000,000 and over .10% .10% .10% *Rounded to the nearest one-hundredth percent
Sample 1
Dealer Discounts. Dealer discount rates are structured so as to allow each dealer a sufficient profit margin to motivate sales of SHC products. Each dealer is eligible for discounts rate based on sales volume. Each dealer is responsible for promoting SHC products at the retail MAP (Minimum Advertised Price) for all Internet promotional and/or Internet marketing pieces in accordance with pricing as dictated by SHC. However, the retail prices may be verbally discounted at the dealer’s discretion. The discount offered by the dealer to any particular customer does not affect the dealer’s cost from SHC. Any dealer offered discounts are left to the dealer’s discretion, and discounts offered will simply narrow or reduce the dealer’s margin of profit.
Sample 1
AutoNDA by SimpleDocs

Related to Dealer Discounts

  • Sale or Discount of Receivables Except for receivables obtained by the Borrower or any Subsidiary out of the ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of business in connection with the compromise or collection thereof and not in connection with any financing transaction, the Borrower will not, and will not permit any Subsidiary to, discount or sell (with or without recourse) any of its notes receivable or accounts receivable.

  • Volume Discounts Contractor may offer volume discounts. Volume discounts may be applied per order. Volume discounts shall be defined and applied as follows: Volume discounts shall be additional discounts applied to individual orders over a specified dollar amount.

  • Price and Underwriting Discounts In the case of an underwritten Demand Registration or Underwritten Takedown requested by Holders pursuant to this Agreement, the price, underwriting discount and other financial terms of the related underwriting agreement for the Registrable Securities shall be determined by the Holders representing a majority of the Registrable Securities included in such underwritten offering.

  • Discounts, etc After notice from the Lender, the Borrower will not grant any discount, credit or allowance to any customer of the Borrower or accept any return of goods sold. The Borrower will not at any time modify, amend, subordinate, cancel or terminate the obligation of any account debtor or other obligor of the Borrower.

  • Discount In connection with any discount offered for early payment, time shall be computed from the date of the invoice. For the purpose of computing the discount earned, payment shall be considered to have been made on the date which appears on the payment check or the specified payment date if an electronic funds transfer payment is made.

  • Deferred Discount Payment Upon the consummation of the initial Business Combination, the Company will direct the Trustee to pay the Representatives, on behalf of the Underwriters, the Deferred Discount out of the proceeds of the Offering held in the Trust Account. The Underwriters shall have no claim to payment of any interest earned on the portion of the proceeds held in the Trust Account representing the Deferred Discount. If the Company fails to consummate its initial Business Combination within the time period required by its Amended and Restated Certificate of Incorporation, the Deferred Discount will not be paid to the Representatives and will, instead, be included in the Liquidation distribution of the proceeds held in the Trust Account made to the Public Stockholders. In connection with any such Liquidation, the Underwriters forfeit any rights or claims to the Deferred Discount.

  • Discounts The discounts offered and the methodology for their application are:

  • Accounts Receivable and Payable The accounts receivable reflected on the Financial Statements arose in the ordinary course of business and, except as reserved against on the Financial Statements, are collectible in the ordinary course of business and consistent with past practices, free of any claims, rights or defenses of any account debtor. No accounts payable of the Company are over forty-five (45) days old.

Time is Money Join Law Insider Premium to draft better contracts faster.