Funds Due definition

Funds Due means CLIENT’s gross sale proceeds net of all applicable shipping and handling expenses, including, but not limited, to expenses such as ocean freight, warehousing, domestic freight, local delivery, insurance, federal and state taxes/duties, license and registration fees, administrative fees, legal fees, bank fees, and/or finance fees (the “Shipping and Handling Fees”), and the Service Fee (as defined below). In consideration of the Services provided by Pxxx Xxxxxx xxxxxxxxx, Xxxx Xxxxxx shall receive a “Service Fee” which shall mean the greater of the following: (i) two thousand five hundred dollars ($2,500) per month (“Minimum Fee”) or (ii) a per case fee (“Case Fee”) for each case (any size) of Product delivered from or picked up from a Park Street contracted warehouse (or other location, as the case may be) pursuant to this Agreement, which Case Fee shall be calculated as follows based on annual sales volume: IMPORTED SPIRITS Warehouse Orders (orders placed by wholesalers in the US and fulfilled by Park Street in the US) $3.50 per case for the first 15,000 cases, then $3.00 per case for 15,001 cases to 29,999 cases, then $2.50 per case for 30,000 cases to 59,999 cases, then $2.00 per case for 60,000 cases to 99,999 cases, then $1.50 per case for 100,000 cases to 149,999 cases, then $1.00 per case for over 150,000 cases park street imports, llc | 1000 Xxxxxxxx Xxxxxx, Xxxxx 000 Xxxxx, XX 00000 | tel: +0 000 000 0000 | fax: +0 000 000 0000 Direct Import Orders (orders placed by wholesalers in the US, processed by Park Street, and shipped by the supplier directly – minimum order size one (1) container); Direct Import/Direct Producer Orders less than one (1) container will be billed at the Warehouse Order rate $2.25 per case for the first 15,000 cases, then $1.75 per case for 15,001 cases to 29,999 cases, then $1.50 per case for 30,000 cases to 59,999 cases, then $1.25 per case for 60,000 cases to 99,999 cases, then $1.00 per case for 100,000 cases to 149,999 cases, then $0.75 per case for over 150,000 cases Retail Orders – in the event you request Park Street to serve as wholesaler (orders placed by retailers in the US and fulfilled by Park Street directly – available in Florida, New York, New Jersey, and California at this time) $7.50 per case for the first 15,000 cases, then $7.00 per case for 15,001 cases to 29,999 cases, then $6.50 per case for 30,000 cases to 59,999 cases, then $6.00 per case for 60,000 cases to 99,999 cases, then $5.75 per case for ...
Sample 1
Funds Due. CB are defined as the net wholesale selling price received less any applicable warehousing, ocean freight, delivery, federal & state (if applicable) taxes / duties, registration fees, insurance, promotional expenses, sales broker commission payments, etc. and the MHW service fee. At the express request of CB (and availability of Funds Due), MHW may also process supplier payments pertaining to CB brands imported by MHW on behalf of CB. Otherwise, CB shall satisfy all product supplier obligations. Any advances given to MHW for costs associated with CB brands will be credited to your account. MHW will keep you informed on the status of sales, receivables, collections, cash balances, and expenses associated with your activity and file reports as required by Section 7(b) of Distributor Agreement dated March 17, 1998, between CB and Gaelic Heritage Company Limited. As agreed, in the event a wholesaler refuses to pay on an order shipped to one of your accounts, MHW will not be liable for the payment. However, we will take necessary actions to try and secure payment from the wholesaler. In the event CB instructs MHW to institute legal action to collect the outstanding monies, MHW will agree to do so and to prosecute such action fully, in consultation with but at the sole cost of CB. Title to any products subject to contested sales as described above shall revert from MHW to CB. In consideration of the services to be performed by MHW, CB hereby agrees to indemnify MHW and its officers, directors and employees and hold it harmless against any claims, actions, demands, liabilities, damages, losses, costs and expenses (including reasonable attorneys' fees) arising out of, or arising from MHW's performance of its obligations, pursuant to this service agreement, for claims brought by third parties for product liability, infringement of intellectual property rights, or non-compliance with regulatory requirements. This indemnification does not cover any third party claims or actions against CB and/or its designated distributor or MHW arising through the act, omission, neglect of MHW, its officers, directors, employees, servants or agents. If you are in agreement with these terms, please sign below. This letter replaces the April 15, 1998, May 2, 2002 and December 1, 2003 letters between this firm and CB or its predecessors. We look forward to continuing to work with you and enjoying a mutually prosperous relationship.
Sample 1

Examples of Funds Due in a sentence

  • V.60 CONTRACT-050.20 Release of Funds Due to Delay in Final Inspection Not Due to the Fault of the Contractor (Oct 2006)If, after final inspection of the work, final completion is materially delayed through no fault of the Contractor, the Agency shall make payment of the balance due for that portion of the Work fully completed and accepted.

  • Additional Funds Due On N/A................................................................................................N/A C.

  • V.61 CONTRACT-050.20 Release of Funds Due to Delay in Final Inspection Not Due to the Fault of the Contractor (Oct 2006)If, after final inspection of the work, final completion is materially delayed through no fault of the Contractor, the Agency shall make payment of the balance due for that portion of the Work fully completed and accepted.

  • Additional Funds Due On N/A...............................................................................................

  • V.62 CONTRACT-050.20 Release of Funds Due to Delay in Final Inspection Not Due to the Fault of theContractor (Oct 2006)If, after final inspection of the work, final completion is materially delayed through no fault of the Contractor, the Agency shall make payment of the balance due for that portion of the Work fully completed and accepted.

  • Changes in Recognition of Own Funds Due to regulatory changes, certain existing capital instruments which may be issued by the Issuer in the future may be subject to (gradual) exclusion from own funds or reclassification as a lower category form of own funds.

  • Funds Due: General: Throughout this manual, fees and fines are identified and amounts defined.

  • Table 1CSI Program Budget by Program Administrator, 2007-2016 ($ millions)Program Administrator% of Total BudgetBudget (in millions)PG&E43.7%$ 946SCE46.0%$ 996CCSE2/SDG&E10.3%$ 223Total100%$ 2,165 1.1.1.2 Mechanisms to Forecast Remaining GM CSI Budget Funds Due to budgetary constraints (D.10.09.046), the Program Administrators may be unable to guarantee a CSI incentive once CSI funding becomes expended for a specific customer sector of a Program Administrator’s territory.

  • Additional Funds Due On N/A................................................................................................$0 C.

  • V.58 CONTRACT-050.20 Release of Funds Due to Delay in Final Inspection Not Due to the Fault of the Contractor (Oct 2006)If, after final inspection of the work, final completion is materially delayed through no fault of the Contractor, the Agency shall make payment of the balance due for that portion of the Work fully completed and accepted.

Related to Funds Due

  • Cost of Funds Rate means, for any Accrual Period and any Lender, the rate determined as set forth below:

  • Fed Funds Rate means, for any period, a fluctuating interest rate (expressed as a per annum rate and rounded upwards, if necessary, to the next 1/16 of 1%) equal for each day during such period to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rates are not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by BNPLC's Parent from three Federal funds brokers of recognized standing selected by BNPLC's Parent. All determinations of the Fed Funds Rate by BNPLC's Parent shall, in the absence of clear and demonstrable error, be binding and conclusive upon NAI.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • Funding Rate means any individual rate notified by a Lender to the Facility Agent pursuant to sub-paragraph (ii) of paragraph (a) of Clause 10.3 (Cost of funds).

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Available Funds Rate With respect to any Payment Date and the Notes, the per annum rate equal to the product of (1) (a) 360 divided by (b) the actual number of days in the Accrual Period, and (2) (a) Interest Funds for such Payment Date, divided by (b) the aggregate Class Principal Amount of the Notes as of the first day of the related Accrual Period.

  • Disbursement Date is defined in Section 2.6.2.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • Fed Funds Effective Rate means, in respect of a day, the rate of interest (expressed as an annual rate) as published in Federal Reserve Statistical Release H.15 (519) or Reuters Screen FEDFUNDS 1 Page or Bloomberg Page FEDL01 INDEX or any substituted publication therefor, charged for federal funds (dollars in immediately available funds borrowed by banks on an overnight unsecured basis) on that day or the immediately preceding day for which it had a value, or, if not available, ascertained from any other source as the Margin Loan Provider may deem appropriate.

  • Money Market LIBOR Loan means a loan to be made by a Bank pursuant to a LIBOR Auction (including such a loan bearing interest at the Base Rate pursuant to Section 8.01(a)).

  • Federal Funds Rate means, for any day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Fixed Rate Loans means CD Loans or Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Disbursement Rate means an annual rate of interest, as of the date of determination, equal to the greater of (a) eight percent (8%) and (b) the per annum rate for ten (10) year U.S. Treasury Obligations as published in The Wall Street Journal plus three hundred (300) basis points; provided, however, that in no event shall the Disbursement Rate exceed eleven and one-half percent (11.5%).

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Eurocurrency Payment Office of the Administrative Agent shall mean, for each Foreign Currency, the office, branch, affiliate or correspondent bank of the Administrative Agent for such currency as specified from time to time by the Administrative Agent to the Company and each Lender.

  • Eurocurrency Rate Advance means a Revolving Credit Advance denominated in Dollars or a Committed Currency that bears interest as provided in Section 2.07(a)(ii).

  • Eurocurrency Reserve Percentage means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurocurrency Rate for each outstanding Eurocurrency Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurocurrency Reserve Percentage.

  • Federal Funds Effective Rate means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Offshore Rate Loan means a Loan that bears interest based on the Offshore Rate.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.