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.