1B BUSINESS PRACTICES Sample Clauses

1B BUSINESS PRACTICES. The Business Practices functional discounts are intended to encompass various transactional aspects of the Seco/Distributor relationship. The two components of the Business Practices discount are the prompt payment of invoices and the utilization of electronic commerce. SIX MONTH PURCHASES $0-$149,000 VOLUME ($M) $150,000 & UP Base Discount Group A 27% 33% Base Discount Group B 25% 31% Base Discount Group C 23% 29% Functional Discounts Business Practices Prompt Pay 3% 3% Electronic Commerce 2% 2% Market Data 4% 4% GoldStar Distributor 3% 3% Subtotal Functional Discount 12% 12% Total Discount Group A 39% 45% Total Discount Group B 37% 42% Total Discount Group C 35% 41% Qualification for prompt payment of invoices is as follows: • Payment of all invoices must be in good U.S. funds and received in our lockbox within 30 days after the invoice date. The frequency of payment within these parameters is at the Dis- tributor’s discretion. • A suggested payment schedule to maintain payment within terms is located in the xxxxx- xxx. • Any condition which results in less than full payment must be brought to the attention of the Credit Department within this same 30 day period and fully resolved within 60 days after the invoice date. Payments in dispute under the Monthly Return Practice, which may result in the loss of the Business Practices functional discount, are subject to resolution in accor- dance with the Monthly Return Practice (Sec- tion 2.7). • Orders for meeting competitive situations (see 1.6) and orders for contract accounts (see 1.7) are also subject to the prompt payment requirements. A 1% discount reduction will be applied to all contract and meet comp order discounts for distributors who fail to qualify for the prompt pay discount. Remitting by check: Seco Tools, LLC Dept CH 19622 Palatine, IL 60055-9622 Remitting by overnight courier service: Seco Tools, LLC Lockbox 19622 0000 X. Xxxxxxxxxx Xxx, Xxx 000 At the end of each calendar quarter, the amount of Seco inventory that you have on hand must be reported to the Distribution Development Department using the Quarterly Inventory Reporting Form (# QCF-92) to: xxx.xx@xxxxxxxxx.xxx.
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Related to 1B BUSINESS PRACTICES

  • Business Practices 1. Parties recognise that certain business practices of service suppliers, other than those falling under Article 14 (Monopolies and Exclusive Service Suppliers), may restrain competition and thereby restrict trade in services.

  • Unfair Business Practices Contractor represents and warrants that it has not been the subject of allegations of Deceptive Trade Practices violations under Chapter 17 of the Texas Business and Commerce Code, or allegations of any unfair business practice in any administrative hearing or court suit and that Contractor has not been found to be liable for such practices in such proceedings. Contractor certifies that it has no officers who have served as officers of other entities who have been the subject of allegations of Deceptive Trade Practices violations or allegations of any unfair business practices in an administrative hearing or court suit and that such officers have not been found to be liable for such practices in such proceedings.

  • Ethical Business Practices The Contractor shall work in partnership with the State to ensure a successful and valuable contract, and ethical practices are required of State employees, Contractors, and all parties representing the Contractor. All work performed under this Contract will be subject to review by the Inspector General of the State of Florida, and any findings suggesting unethical business practices may be cause for termination or cancellation.

  • Deceptive Trade Practices; Unfair Business Practices 1) Vendor represents and warrants that neither Vendor nor any of its Subcontractors has been (i) found liable in any administrative hearing, litigation or other proceeding of Deceptive Trade Practices violations as defined under Chapter 17, Texas Business & Commerce Code, or (ii) has outstanding allegations of any Deceptive Trade Practice pending in any administrative hearing, litigation or other proceeding.

  • Past Practices (a) The Parties recognize the Employer’s full right to direct the work force and to issue work orders and rules and that these rights are diminished only by the law and this Agreement, including arbitrator’s awards which may evolve pursuant to this Agreement, or for temporary employees, decisions resulting from dispute resolution procedures which may evolve pursuant to this Agreement.

  • Practices The practices used or to be used by the Servicer, to monitor collections with respect to the Trust Property and repossess and dispose of the Financed Vehicles related to the Trust Property will be, in all material respects, in conformity with the requirements of all applicable federal and State laws, rules and regulations, and this Agreement. The Servicer is in possession of all State and local licenses (including all debt collection licenses) required for it to perform its services hereunder, and none of such licenses has been suspended, revoked or terminated, except where the failure to have such licenses would not be reasonably likely to have material adverse effect on its ability to service the Loans or Contracts or on the interest of the Indenture Trustee, the Trust Collateral Agent or the Noteholders.

  • HAZARDOUS PRACTICES No barbeque grills of any kind are permitted on balconies or in the unit. No open flames ie. Candle burning is permitted on balconies or in the unit. Do not dismantle smoke detectors as they are there for your protection. Use the overhead stove fan when cooking to avoid accidental, activation of smoke detector alarm. ABSOLUTELY NO PETS with the exception of Service Animals are allowed. If evidence of a pet(s) is found in the unit or on the premises you will be asked to vacate immediately with no refund of rent. FAMILY RENTAL ONLY Reservations made for teenagers or young single groups will not be honored without any accompanying adult staying in the unit at ALL times. All guests must be 25 or older unless their parent is in the condo. Any violators will be evicted according to Florida Statute 508.141 with forfeiture of all monies. FALSIFIED RESERVATION any reservation obtained under false pretense will be subject to forfeiture of reservation deposit, damage deposit, and/or balance of rental payment.

  • Best Practices The Recipient acknowledges they may or may not have access to the Owner’s Confidential Information and agrees that it shall not directly or indirectly divulge, disclose, or communicate any of the Confidential Information to any third party, except as may be required during any formal business association or dealings on behalf of the Owner for any event, with the prior written approval of the Owner. The Recipient acknowledges that no license of the Confidential Information, by implication or otherwise, is granted to the Recipient by reason of this Agreement. Additionally, the Recipient acknowledges that it may only use the Confidential Information in connection with its business dealings with the Owner and for no other purpose without the prior written consent of the Owner.

  • EXISTING PRACTICES 6.1 Benefits or privileges respecting terms or conditions of employment that are reasonable, certain, and known but not covered by this Agreement will continue to be available to Members in so far as is practicable and reasonable within the limits of the University budget and resources and the terms of this Agreement.

  • Data Practices The Parties acknowledge that this Agreement is subject to the requirements of Minnesota’s Government Data Practices Act, Minnesota Statutes, Section 13.01

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