Extended Payment Terms definition

Extended Payment Terms means the terms of payment in Section 2 of the EPA applicable to the Extended Payments.
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Extended Payment Terms means terms of sale permitting payment in excess of 60 days up to 105 days from invoice date.
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Extended Payment Terms means the extended payment terms granted by the Company to certain of its Customers from time to time (refer clause 6.3 below);
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Examples of Extended Payment Terms in a sentence

  • Administrator will notify SPP of all Extended Payment Terms Contracts sold by Dealer on forms approved by SPP and Administrator, on weekly basis.

  • The Dealer hereby indemnifies and holds Administrator, the Insurance Company and SPP, and their respective employees, agents and assigns, free and harmless against any and all claims, actions, demands or liabilities, including reasonable attorney fees, whether well founded or not that may be asserted against all or any of them by reason of or relating to any Extended Payment Terms Contract sold or allegedly sold by Dealer and not reported to the Administrator.

  • SPP reserves the right to offset against any amount it owes to Dealer any amount owed to SPP by the Administrator or the Insurance Company for the Accounts of Dealer, which are the result of SPP not receiving a pro rata refund of the Dealer Cost (the Initial Payment) SPP advanced on the Extended Payment Terms Contract.

  • Each Vehicle Service Contract sold with a Payment Plan Agreement is hereinafter referred to as an "Extended Payment Terms Contract" and each prospective purchaser of a Vehicle Service Contract is hereinafter referred to as the “Purchaser”.

  • If you opt to use an Extended Payment Terms Offer, we will apply it to all Purchases made in that Monthly Statement Period.

  • If during the term of the Payment Plan Agreement an Extended Payment Terms Contract shall be canceled, either at the request of the Purchaser or at the request of SPP, the SPP Fee will only be the earned SPP Fee, as described in Section 3 above for that contract, and the Dealer will credit SPP for the cancellation refund.

  • Subject to section 8 below, we will not charge interest on any Extended Payment Terms Balances before the end of the Extended Payment Terms Offer period notified to you.

  • The term of this Agreement shall commence on the Effective Date and shall continue on a Product-by-Product basis until the expiration of all Royalty Terms and Extended Payment Terms under this Agreement, unless earlier terminated pursuant to Section 16.1 (the “Term”).

  • The Extended Payment Terms Balance will then not accrue interest during that Monthly Statement Period or during the next further 2 Monthly Statement Periods after that.

  • Dealer shall require and receive from the Purchaser a minimum down payment of 10% of the Total Sale Price (defined below) for each such Extended Payment Terms Contract.

Related to Extended Payment Terms

  • Excluded Payments means (i) indemnity payments paid or payable by Lessee to or in respect of Owner Participant, or Owner Trustee in its individual capacity, their respective Affiliates, successors and permitted assigns and their directors, officers, employees, servants and agents pursuant to Section 9 of the Participation Agreement or any corresponding payments under the Lease, (ii) proceeds of public liability insurance paid or payable as a result of insurance claims made, or losses suffered, by Owner Trustee in its individual capacity or by Owner Participant, that are payable directly to Owner Trustee in its individual capacity, or Owner Participant, respectively, for their own account, (iii) proceeds of insurance maintained with respect to the Aircraft by Owner Participant or any Affiliate thereof for its or their own account or benefit (whether directly or through Owner Trustee) and permitted under Section 11.2 of the Lease, (iv) all payments required to be made under the Tax Indemnity Agreement by Lessee whether or not denominated as Supplemental Rent, (v) any Transaction Expenses paid or payable by the Lessee to the Owner Trustee (to the extent for its sole benefit) or the Owner Participant pursuant to the Lease or the Participation Agreement, (vi) any amount payable to the Owner Participant by any transferee as the purchase price of the Owner Participant's interest in the Trust Estate, (vii) any interest that pursuant to the Operative Agreements may from time to time accrue in respect of any of the amounts described in clauses (i) through (vi) above, (viii) any right to enforce the payment of any amount described in clauses (i) through (vii) above (PROVIDED, that the rights referred to in this clause (viii) shall not be deemed to include the exercise of any remedies provided for in the Lease other than the right to ▇▇▇ for specific performance of any covenant to make such payment or to ▇▇▇ for damages in respect of the breach of any such covenant) and (ix) any right to exercise any election or option or make any decision or determination, or to give or receive any notice, consent, waiver or approval, or to take any other action in respect of, but in each case, only to the extent relating to, any Excluded Payments.

  • Payment Terms for a Supply Point means the Payment Method and Payment Period for it;

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Reduced payment means a payment that is for less than the amount agreed upon in a subcontract in accordance with its terms and conditions, for supplies and services for which the Government has paid the prime contractor.

  • Specified Payment means any Permitted Acquisition, Investment, loan, advance, incurrence of or payment with respect to Indebtedness or other transaction made subject to satisfaction of the Payment Conditions or any component thereof.