Net Rebate definition

Net Rebate means discounts from pharmaceutical manufacturers that are not considered administrative fees which are not passed to the Member at the point of sale.
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Examples of Net Rebate in a sentence

  • Net Rebate / (Tip Fee) = Value Share Percentage minus the Processing Fee.

  • A Rebate or Net Rebate Amount, if applicable and as appropriate, is payable by the Bank to the Company at the end of the Annual Rebate Period.

  • In the event the Rebate or Net Rebate Amount as calculated by the Bank differs from any calculation carried out by Company, the amount determined by the Bank shall be deemed correct and final.

  • Should Company not be entitled to a Rebate as set out in the Rebate Calculation section of this Agreement or should the total amount of the Rebate be less than the aggregate amount of all Delinquent Cardholder overdue debts, finance charges, other unpaid amounts, and Fraud Losses, that is, the Net Rebate Amount is equal to $0 or less, no Rebate nor Net Rebate Amount shall be paid to the Company by the Bank.