Payment Rebate definition

Payment Rebate means an amount due to the Authority from the Contractor as a result of a failure to meet the applicable KPI Target;
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Payment Rebate means an amount due to the Authority from the Contractor as a result of a failure to meet the applicable KPI Target; The Contractor shall deliver Contractor Deliverables ordered pursuant to this Contract and work with the Authority in order to meet the applicable KPI Target indicated in the tables below. The Authority shall measure and provide the Contractor with a report detailing the Contractors performance against the KPIs in the preceding month and cumulatively from the beginning of the Contract Year to the end of the preceding month. The report shall be an agenda item for discussion at the quarterly meeting. Within 30 days from the end of the Contract Year the Authority shall provide the Contractor with a report detailing the Contractors performance against the KPIs over the Contract Year (“Performance Report”). The report shall be discussed and agreed at the quarterly meeting. Following agreement of the Performance Report the Authority shall be entitled to claim any Payment Rebate due. The Contractor shall credit any Payment Rebate claimed against invoices raised in the month following receipt of the Authority’s claim. The Payment Rebate for each KPI in the Contract Year shall be determined from the applicable percentage factor detailed in the Tables below that relates to the performance level achieved during the Contract Year against that KPI (“Percentage Factor”). The Percentage Factor shall be applied to the total price of Contractor Deliverables invoiced by the Contractor in the Contract Year to determine the amount of the Payment Rebate for the relevant KPI. The amount of any Payment Rebate for all KPIs shall not exceed in aggregate an amount greater than 5% of the total price of Contractor Deliverables invoiced by the Contractor during the Contract Year.
Sample 1Sample 2Sample 3
Payment Rebate means an amount due to the Authority from the Contractor
Sample 1Sample 2Sample 3

Examples of Payment Rebate in a sentence

  • The Authority shall measure the performance of the Contractor with reference to the Key Performance Indicators detailed at Annex C and shall be entitled to claim a Payment Rebate in the event that the Contractor fails to meet the KPI Targets.

  • The Developer may give Early Payment Rebate/ Discount in the basic sale price of the said Apartment equivalent to simple interest @ 12% on such payment received in advance of any installment falling due later.

  • The Authority shall measure the performance of the Contractor with reference to the Key Performance Indicators detailed at paragraph 8 below and shall be entitled to claim a Payment Rebate in the event that the Contractor fails to meet the KPI Targets.

  • The Payment Rebate for each KPI during the Contract Duration shall be determined from the applicable percentage factor detailed in the Tables below that relates to the performance level achieved during the Contract Duration against that KPI (“Percentage Factor”).

  • The Percentage Factor shall be applied to the total price of Annex B invoiced by the Contractor during the Contract Duration to determine the amount of the Payment Rebate for the relevant KPI.The amount of any Payment Rebate for all KPIs shall not exceed in aggregate an amount greater than 2.5% of the total price of Articles invoiced by the Contractor during the Contract Duration.

  • The Contractor shall credit any Payment Rebate raised in the month following receipt of the Authority’s claim.

  • Following agreement of the Performance Report the Authority shall be entitled to claim any Payment Rebate due.

  • Interest benefits due the lender may be calculated by using either the average daily balance or actual accrual methods in 34 CFR sections 682.304(b) and (c).Consolidation Loan Interest Payment Rebate Fee Consolidation loan interest payment rebate fees are required on a monthly basis from lenders that hold Federal consolidation loans with first disbursements after October 1, 1993.

  • The Authority shall measure the performance of the Contractor with reference to the Key Performance Indicators detailed at paragraph 8 below and shall be entitled to claim a Payment Rebate in the event that the Contractor fails to meet the KPI targets.

  • In such a multinational constellation the equal claim of all citizens to be recognized as members of self- governing political communities can only be realized through political autonomy for the minority, i.e. by drawing an internal political boundary and devolving political powers to government institutions that will be controlled by the minority.


More Definitions of Payment Rebate

Payment Rebate means an amount due to the Authority, from the Contractor, as a results of a failure to meet the applicable KPI Target; The Contractor shall deliver Contractor Deliverables ordered pursuant to this Contract and work with the Authority to meet the applicable KPI Target indicated in the tables below. The Authority shall measure and provide the Contractor with a report detailing the Contractor’s performance against KPIs in the preceding month. The report shall be an agenda item for discussion at the quarterly meeting. Within 30 days from the end of the Contract Year the Authority shall provide the Contractor with a report detailing the Contractor’s performance against the KPIs over the Contract Year (“Performance Report”). The report shall be discussed and agreed at the quarterly meeting. Following agreement of the Performance Report the Authority shall be entitled to claim any Payment Rebate due. The Contractor shall credit any Payment Rebate claimed against invoices raised in the month following receipt of the Authority’s claim. The Payment Rebate for each KPI in the Contract Year shall be determined from the applicable percentage factor detailed in the tables below that relates to the performance level achieved during the Contract Year against that KPI (“Percentage Factor”). The Percentage Factor shall be applied to the total price of Contractor Deliverables invoiced by the Contractor in the Contract Year to determine the amount of the Payment Rebate for the relevant KPI. The amount of any Payment Rebate for all KPIs shall not exceed in aggregate an amount greater than 5% of the total price of Contractor Deliverables invoiced by the Contractor during the Contract Year. The KPI Descriptions, Targets and applicable Payment Rebates are as follows: KPI No 1 Delivery Performance KPI Description The number of order lines completed by the agreed delivery date expressed as a percentage of the total number of order lines delivered in the period. KPI Target: More than or equal to 98% Performance Level More than or equal to 98% Less than 98% but more than or equal to 95% Less than 95% but more than or equal to 90% Less than 90% Payment Rebate Nil 1.5% 2.0% 2.5% KPI No 2 New Stores Rejects KPI Description The number of New Stores Rejects raised (where it is agreed that the Contractor is liable) as a percentage of the total number of order lines delivered in the period. KPI Target: Less than or equal to 1% Performance Level Less than or equal to 1% More than 1% but les...
Sample 1
Payment Rebate means an amount due to the Authority from the Contractor as a result of a failure to meet the applicable KPI target; The Contractor shall deliver Contractor Deliverables ordered pursuant to this Contract and work with the Authority in order to meet the applicable KPI Target indicated in the tables below. The Authority shall measure and provide the Contractor with a report detailing the Contractors performance against the KPIs upon completion of Contract. Within 30 days from the end of the Contract Year the Authority shall provide the Contractor with a report detailing the Contractors performance against the KPIs over the Contract Year (“Performance Report”). The report shall be discussed and agreed at the quarterly meeting. Following agreement of the Performance Report the Authority shall be entitled to claim any Payment Rebate due. The Contractor shall credit any Payment Rebate claimed. The Payment Rebate for each KPI during the Contract shall be determined from the applicable percentage factor detailed in the Tables below that relates to the performance level achieved during the Contract against that KPI (“Percentage Factor”). The Percentage Factor shall be applied to the total price of Contractor Deliverables invoiced by the Contractor during the Contract period to determine the amount of the Payment Rebate for the relevant KPI. The amount of any Payment Rebate for all KPIs shall not exceed in aggregate an amount greater than 5% of the total price of Contractor Deliverables invoiced by the Contractor during the Contract period.
Sample 1Sample 2
Payment Rebate means an amount due to the Authority from the Contractor as a result of a failure to meet the applicable KPI target.
Sample 1

Related to Payment Rebate

  • Payment Item means each check, draft or other item of payment payable to a Borrower, including those constituting proceeds of any Collateral.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Payment Ahead means, with respect to a Precomputed Receivable and a Collection Period, any Excess Payment (not representing, when added to any Deferred Prepayment with respect to such Precomputed Receivable, a prepayment in full of such Precomputed Receivable) which the Servicer, in accordance with its customary servicing practices, will apply towards the payment of Scheduled Payments due in one or more future Collection Periods.

  • Contingent Payments has the meaning set forth in Section 2.02(a).

  • Progress Payments County shall make periodic progress payments consist with the Contract Price on the basis of Contractor's Applications for Payments, as provided in paragraph

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Payment Recipient has the meaning assigned to it in Section 8.09(a).

  • Contract Adjustment Payments means amounts payable by the Company on each Contract Adjustment Payment Date in respect of each Purchase Contract, at a rate per year of 2.725% on the Stated Amount per Purchase Contract.

  • Progress Payment means a payment by a public agency to a contractor for work in place under the terms of a construction contract.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Payment request means any request for contract financing payment or invoice payment submitted by the contractor under this contract.

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Contingent Payment has the meaning set forth in Section 4.2 (Contingent Payments).

  • PURCHASE PAYMENTS [We reserve the right to reject any Purchase Payment.] Minimum Subsequent Purchase Payment: [$500 for both Non-Qualified and Qualified, unless you have elected an automatic sweep program.]

  • Payment Requirement means the amount specified as being applicable to the Reference Entity in the Standard or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, USD 1,000,000 or its equivalent in the relevant Obligation Currency) in either case as of the occurrence of the relevant Failure to Pay or Potential Failure to Pay, as applicable.

  • Settlement Receivable means any general intangible, payment intangible, or instrument representing or reflecting an obligation to make payments to or for the benefit of a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Payment means any payment or distribution in the nature of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for the benefit of the Executive, whether paid or payable pursuant to this Agreement or otherwise.

  • Royalty Payment has the meaning set forth in Section 6.1.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • Premium payment plan means a benefit plan whereby state and

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Debit Payment means a particular transaction where a debit is made.