Payment Terms Discounts definition

Payment Terms Discounts means all discounts from the Listed Wholesale Price actually given by LICENSEE to its customers for timely payment, that are customary in the trade and the terms of which are specified on the face of such customer's invoice.

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Examples of Payment Terms Discounts in a sentence

• There shall be no additional discounts, including Allowances, Payment Terms Discounts or Closeout Discounts granted to Perfumania.

• All Payment Terms Discounts, Allowances and Closeout Discounts must be itemized as a percentage of sales.

• Without limitation to any other rights that GUESS may have under this Agreement, if (i) Allowances, Payment Terms Discounts, and Closeout Discounts exceed the permitted percentage described in subsection (a) above for a Contract Year; GUESS shall have the right in each case to adjust LICENSEE's Net Sales requirement upward by the amount of the overage, and LICENSEE shall promptly pay the increased Trademark Royalties and Advertising expenditures owed as a result thereof.

• Within thirty (30) days after the end of each Contract Year LICENSEE shall also provide to GUESS a composite royalty statement showing the aggregate Gross Sales, Returns, Allowances, Payment Terms Discounts and Closeout Discounts and any other deduction taken pursuant to Section 12.4 above to arrive at the Net Sales price of all Products sold by LICENSEE.