Loyalty Payments definition

Loyalty Payments means an amount payable to the ▇▇▇▇▇▇ under a milk supply agreement because the agreement is not terminated before the end of the supply period of the agreement (whether or not the agreement describes the amount as a loyalty payment, and whether or not the payment is subject to other conditions). Levies means any levy or charge including government taxes and duties paid on your behalf by us as set out in Schedule 5. Milk means raw milk produced at the Dairy to be supplied under this agreement. Milk Price is defined in clause 4.1 (Milk Price) and includes the Minimum Price.

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Loyalty Payments means an amount payable to the Farmer under a milk supply agreement because the agreement is not terminated before the end of the supply period of the agreement (whether or not the agreement describes the amount as a loyalty payment, and whether or not the payment is subject to other conditions). Levies means any levy or charge including government taxes and duties paid on your behalf by us as set out in Schedule 5. Milk means raw milk produced at the Dairy to be supplied under this agreement. Milk Price means the price payable by us for Milk as calculated in accordance with Schedule 5. Minimum Price means the lowest price payable, for a period, under the agreement for milk supplied during the period, disregarding:

Loyalty Payments means an amount payable to the Farmer under a milk supply agreement because the agreement is not terminated before the end of the supply period of the agreement (whether or not the agreement describes the amount as a loyalty payment, and whether or not the payment is subject to other conditions). Levies means any levy or charge including government taxes and duties paid on your behalf by us as set out in Schedule 4. Milk means raw cow’s milk produced at the Dairy to be supplied under this agreement. Milk Supply Conditions means the conditions relating to best practice farming applicable to you in the production of Milk contained in Schedule 5. Milk Year means the 12-month period ending on 30 June each year.

Examples of Loyalty Payments in a sentence

• The Loyalty Payments as at the Commencement Date are set out in Schedule 2.

• Loyalty Payments applicable at the time the Supplier signs a Milk Supply Agreement will be identified in the Agreement.

• The representations and warranties of the Issuer contained in Section 4 shall be true and correct on and as of the Closing with the same effect as though such representations and warranties had been made on and as of the date of such Closing (other than representations and warranties that relate only to a certain date, which shall be true as of such date).

• Norco may increase Loyalty Payments during the Term by notice to the Supplier.

• The price payable by Norco to the Supplier for milk that complies with the Required Specifications comprises the Base Price and, if the Supplier satisfies certain requirements, Bonus Payments and Loyalty Payments.

• Pay Rate & Fee Notice A written notice published by Norco from time to time setting out the price payable for milk that complies with the Required Specifications, comprising: (a) the Base Price; (b) Loyalty Payments; and (c) Bonus Payments together with the rates of all Fees that may apply.

• Suppliers will be given notice of any changes in the Loyalty Payments.

• Norco may, at its discretion, pay Loyalty Payments to the Supplier in addition to the Base Price.

• Guaranteed Supply Period Each successive period during which the Supplier must supply milk exclusively to Norco under this agreement in order to qualify for Loyalty Payments.

• Norco may, at its discretion, pay Loyalty Payments to the Supplier in addition to the Agreed Volume Price.

More Definitions of Loyalty Payments

Loyalty Payments means an amount payable to the ▇▇▇▇▇▇ under a milk supply agreement because the agreement is not terminated before the end of the supply period of the agreement (whether or not the agreement describes the amount as a loyalty payment, and Levies means any levy or charge including government taxes and duties paid on your behalf by us as set out in Schedule 5. Milk means raw milk produced at the Dairy to be supplied under this agreement. Milk Price means the price payable by us for Milk as calculated in accordance with Schedule 5. Minimum Price means the lowest price payable, for a period, under the agreement for milk supplied during the period, disregarding:

Loyalty Payments means that payment or payments made by the Company prior to the Closing Date in an aggregate amount equal to $1,570,000 and payable to those employees of the Company as approved in writing by Buyer prior to Closing, which such consent shall not be unreasonably withheld.