Net Due definition

Net Due shall have the meaning set forth in Section 2.5(c)(iv). [***]
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Net Due means the difference between (a) the sum of clauses (i) and (iv) of this section and (b) the sum of clauses (ii) and (iii) of this section. In addition to the items set forth in clauses (i) through (v) above, the Reinsured shall provide the Reinsurer with (a) within five (5) business days of receipt thereof, a copy of the bordereaux received from the Agent pursuant to Clause 4.2 of Appendix B of the Agency Agreement and (b) within 45 days of each Fiscal Year (as defined in the Agency Agreement) of the Underwriting Period, a detailed computation of the Profit Commission payable pursuant to Section 5.1 of the Agency Agreement.
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Examples of Net Due in a sentence

  • Notwithstanding Buyer’s obligations in Section 2.2(a), if the Net Due Date falls on a weekend or a holiday, the Net Due Date will be moved to the next business day (the “Reset Net Due Date”).

  • If Buyer initiates payment before such Reset Net Due Date and takes an early payment discount as set forth above, Buyer will be entitled to take the early payment discount based upon each day payment is initiated before the Reset Net Due Date.

  • Buyer shall be entitled, either directly or through an Affiliate (defined in subsection (c) below) of Buyer to take an early payment discount of […***…] (the “Daily Base Discount Rate”) for each day before the Net Due Date that payment is initiated.

  • If Buyer initiates payment before such Reset Net Due Date and takes an early payment discount as set forth above.

  • Buyer shall initiate payment on or before […***…] from the Payment Start Date (the “[…***…] Net Due Date”).

  • Buyer will be entitled to take the early payment discount based upon each day payment is initiated before the Reset Net Due Date.

  • Buyer shall be entitled, either directly or through an Affiliate (defined in subsection (c) below) of Buyer to take an early payment discount of 0.0333% of the gross invoice price (the “Daily Base Discount Rate”) for each day before the Net Due Date that payment is initiated.

  • Notwithstanding Licensee’s obligations in this Section 3(d), if the Net Due Date falls on a weekend or a holiday, the Net Due Date will be moved to the next business day (the “Reset Net Due Date”).

  • Buyer shall initiate payment on or before […***…] from the Payment Start Date (the […***…] Net Due Date”).

  • If Licensee initiates payment before such Reset Net Due Date and takes an early payment discount as set forth above, Licensee will be entitled to take the early payment discount based upon each day payment is initiated before the Reset Net Due Date.

Related to Net Due

  • Net Monthly Excess Cash Flow For any Distribution Date the amount remaining for distribution pursuant to subsection 4.01(a)(iii) (before giving effect to distributions pursuant to such subsection).

  • Net Monthly Excess Cashflow With respect to each Distribution Date, the sum of (a) any Overcollateralization Release Amount for such Distribution Date and (b) the excess of (x) Available Funds for such Distribution Date over (y) the sum for such Distribution Date of (A) the Monthly Interest Distributable Amounts for the Class A Certificates and the Mezzanine Certificates, (B) the Unpaid Interest Shortfall Amounts for the Class A Certificates and (C) the Principal Remittance Amount.

  • Consolidated Excess Cash Flow means, for any period, an amount (if positive) equal to:

  • Net Debt is calculated by adding short-term and long-term debt and subtracting cash and liquid assets.

  • Total Net Debt means, at any time, the aggregate amount of all obligations of members of the Group for or in respect of Borrowings at that time but: