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. 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 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. 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. 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. 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.

  • Underwriting Discount In consideration of the services to be provided for hereunder, the Company shall pay to the Underwriters, with respect to any Offered Securities sold to investors in this Offering, a seven percent (7%) underwriting discount.

  • PAYMENT TERMS/DISCOUNTS The County’s payment terms are in accordance with Florida Statute 218, Local Government Prompt Payment Act. Cash discounts for prompt payment shall not be considered in determining the lowest net cost for bid evaluation purposes.

  • Volume Discounts The Company will pay to the Dealer Manager reduced selling commissions for purchases of more than $500,000 of Primary Shares by a single purchaser through the same participating broker-dealer as follows:

  • Quantity Discounts Contractor may offer additional discounts for one-time delivery of large single orders;

  • PROMPT PAYMENT DISCOUNTS If a Contractor offers a discount for prompt payment, the Contractor shall include the terms of the discount on all invoices, the amounts which are due if the Authorized User meets the terms, and the number of days for which the prompt payment discount offer applies.

  • Early Payment Discount The City of Houston’s standard payment term is to pay 30 days after receipt of invoice or receipt of goods or services, whichever is later, according to the requirements of the Texas Prompt Payment Act (Tex. Gov’t Code, Ch. 2251). However, the City will pay in less than 30 days in return for an early payment discount from Contractor as follows: Payment Time - 10 Days: 2% Discount Payment Time - 20 Days: 1% Discount

  • 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.

  • Additional Discounts? Do you offer additional discounts to TIPS members for large order quantities or large scope of work? Yes Years in Business as Proposing Company Years in business as proposing company? Resellers: Does the vendor have resellers that it will name under this contract? Resellers are defined as other companies that sell your products under an agreement with you, the awarded vendor of TIPS. EXAMPLE: BIGmart is a reseller of ACME brand televisions. If ACME were a TIPS awarded vendor, then ACME would list BIGmart as a reseller. (If applicable, Vendor should add all Authorized Resellers within the TIPS Vendor Portal upon award). No

  • 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.

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