Mandatory Contracts Sample Clauses
Mandatory Contracts. For warranties and maintenance agreements which are mandatory and part of the purchase price of the item the warranty covers, in most cases the seller must collect sales tax on the total purchase price. When the warranty is taxed in this manner, no additional sales or use tax is due from the seller or buyer on the materials used in performing the maintenance.
Mandatory Contracts. If Seller uses the Enterprise Cash System to sell Mortgages to ▇▇▇▇▇▇▇ Mac, Seller must enter into Mandatory Contracts. Under a Mandatory Contract, the Seller: (i) must sell Mortgages to ▇▇▇▇▇▇▇ Mac that meet all of the contract requirements and have an aggregate unpaid principal balance equal to the contract amount (subject to the purchase tolerance for cash contracts in the Guide); (ii) must have completed all requirements for the sale of the Mortgages by the expiration date of the contract; and (iii) will be assessed a pair-off fee at the contract expiration if the contract amount has not been fulfilled by Seller.
Mandatory Contracts. Hyatt from time to time, negotiates contracts with vendors or providers of services which, under their terms, provide for mandatory participation by all Hyatt Hotels, or by certain Hyatt Hotels (e.g., hotels in a certain business segment).
Mandatory Contracts. The Hyatt Group from time to time negotiates contracts (“Mandatory Contracts”) with vendors or providers of services that necessitate mandatory participation by all Franchise System Hotels (such as credit card acceptance agreements, music license agreements and certain telecommunications agreements) or by certain Franchise System Hotels (e.g. hotels in a certain business segment). While the Hyatt Group currently does not receive any fees, rebates or commissions under, or with respect to, these Mandatory Contracts, certain of the Mandatory Contracts may provide for promotional or other allowances that are then allocated among Participating Hotels as the Hyatt Group determines (or as required by the vendor or supplier in question) or utilized for promotional activities benefiting all or substantially all Participating Hotels.