CREDIT NET definition
CREDIT NET means each Credit Net Obligor and "CREDIT NET MEMBER" means any one of these.
Examples of CREDIT NET in a sentence
Subject to the provisions of this subsection, as of the effective date of this Agreement, Company’ credit terms with respect to Distributor shall be [CHOOSE ONE: [CASH UPON DELIVERY] [NET THIRTY (30) DAYS FROM THE INVOICE DATE WITH DOCUMENTARY COLLECTION] [NET THIRTY (30) DAYS FROM INVOICE DATE WITH LETTER OF CREDIT] [NET THIRTY (30) DAYS FROM THE INVOICE DATE].].
It is (1) the SALES DRAFT NET AMOUNT (2) Less the CREDIT NET AMOUNT (3) Less the CHARGEBACK AMOUNT (4) Less the PROCESSING FEES (5) Less the amounts to be credited to the RESERVE ACCOUNT.
CREDIT NET AMOUNT is the amount of the CREDITs less the CARD FEE.