CREDIT MEMO Sample Clauses
A Credit Memo clause outlines the process by which a seller issues a document to a buyer, crediting the buyer’s account for returned goods, overpayments, or other agreed adjustments. Typically, this clause specifies the circumstances under which a credit memo may be issued, such as product defects or billing errors, and details the method for applying the credited amount to future purchases or outstanding balances. Its core function is to provide a clear and standardized mechanism for adjusting accounts, thereby ensuring accurate financial records and resolving discrepancies between parties.
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CREDIT MEMO. From and after the date ninety (90) days following the Closing Date, Parent shall issue each Credit Memo within sixty (60) days following the end of the month to which such Credit Memo relates.
CREDIT MEMO. The term "Credit Memo" means the form reflecting a credit, other than a credit arising from a payment, to a Customer's Account.
CREDIT MEMO. (a) On or before April 15, 2004, Supplier will provide Customer with a credit memo (the "Credit Memo") entitling Customer to a credit (the "Credit") in an amount equal to (a) the sum of (i) the Discount Amount (as defined hereinafter)[***]. For the purposes of this paragraph, the term "Discount Amount" shall be the excess of (a) the amounts paid or payable by Customer for Products shipped during the period from January 1, 2004 to March 31, 2004 (the "First Quarter") at the prices in effect prior to the date of this Amendment over (b) the amounts that would have been paid or payable by Customer for Products shipped during the First Quarter had the prices set forth in Exhibit A to this Amendment been in effect for the First Quarter. [***]. The terms of the Credit Memo will entitle Customer to apply the amount thereof to outstanding accounts payable to Supplier.
(b) [***].
CREDIT MEMO. If a purchase order has been issued, a credit memo from the supplier shall be issued on goods returned to the supplier by the user departments. The user department should submit a written request for a change order to the Finance Department, noting the goods returned, and those received in exchange where applicable. The credit memo from the supplier will be entered into the financial management system to facilitate an electronic record of the credit on the returned goods. The system will apply the credit when future purchases are made with that supplier. After the department has verified that purchases will no longer be made with that vendor, Finance will contact the supplier to remit payment for any remaining credit balances.
CREDIT MEMO. Promptly after the execution of this Amendment, Seller shall issue to Buyer a credit memo in the amount of $***. Smart Sand and Buyer each acknowledges and agrees that, as of the date of this Amendment, the outstanding Deferred Tons is *** tons and the Deferral Balance is $***.
CREDIT MEMO. While this Agreement has an effective date of January 1, 2003, it is being signed at a later date. Within two (2) business days after the execution and delivery of this Agreement by Customer, Supplier will provide Customer with a credit [***] Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. memo to provide Customer with the benefit of the prices set forth in Exhibit A for all products shipped to Customer after January 1, 2003 under the Existing Agreement. The terms of the credit memo will entitle Customer to apply the amount thereof to outstanding accounts payable to Supplier.