Settlement Discount Clause Samples
A Settlement Discount clause provides a financial incentive for a party to pay an invoice or outstanding amount before its due date. Typically, this clause specifies a percentage reduction in the total amount owed if payment is made within a certain period, such as a 2% discount for payment within 10 days. The core function of this clause is to encourage prompt payment, thereby improving cash flow for the party receiving payment and reducing the risk of late payments.
Settlement Discount. The date of payment for receipted goods will be calculated from the end of the month in which the invoice is received by WIS. The settlement discount is based upon the total receipted value (including GST) excluding Rebates and Customer Price Support. Unconditional Rebate will be calculated on the total dollar value of purchases receipted exclusive of GST. GST will be added at time of invoicing. WIS will provide you with information to claim your GST input tax credit. The Vendor agrees to provide a Fund for each 12 month period. This Fund is intended for normal promotional and or advertising events which occur during the course of trading with WIS. Significant national projects are excluded from this Fund. WIS and the Vendor will discuss funding of such projects separately. The Fund will be calculated on the total dollar value of purchases receipted exclusive of GST. WIS will work with the Vendor to allocate the Fund accordingly. Where appropriate all Fund allocations are to be authorised by the persons or position named below. NAME POSITION Company EMAIL ADDRESS ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ NCM Protector Alsafe Blackwoods ▇▇▇▇▇.▇▇▇▇▇▇@protectoralsafe.com.au ▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇@blackwoods.com.au ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ International Sales Manager Director of Sales and Marketing, Asia Pacific Vendor ▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇ ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇ The amount of Fund will be calculated every month end and automatically debited from the Vendor trading account. YES Details will be shown on the remittance notice. GST will be added to all Fund claims and WIS will provide information to allow the Vendors to claim GST input tax credit The balance of any unused Fund will be calculated at the end of each 12 month period. An invoice will be issued and the amount owing will be deducted off the Vendors trading account, details of which will be shown on the remittance notice.
Settlement Discount. A settlement discount of 2.5% will be given for payment within 15 days of invoice date.
Settlement Discount i For the semimonthly issuances of China Marketing each month, the settlement discount rates for underwriting that Party B received from Party A are:
Settlement Discount. Staff consider that the exemplary cooperation during this investigation as well as the early settlement by BTFL and BV merit a significant discount of 35% to the amount referred to in Step 3. The application of Step 4 results in a total administrative penalty of $2,506,011.80.
Settlement Discount i National distribution discount (except ii-vi) 58% ii All domestic airports: 50%