PRO Advance definition

PRO Advance an A/R Advance, with a PRO Advance Term, made by IBM Credit to itself on behalf of Customer to repay all or a portion of a Product Advance that is due and payable.
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PRO Advance as defined in Section 4.2 of this Addendum.
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Examples of PRO Advance in a sentence

  • Notwithstanding any other provision of this Agreement, Customer shall not (i) request more than one PRO Advance in respect of any Product Advance; and (ii) request a PRO Advance for any Common Due Date on which Customer will take a discount offered by IBM Credit for invoice amounts paid in full within fifteen days of the invoice date under IBM Credit's High Turnover Option ("HTO") Program.

  • Payment for the PRO Advance shall be due on the last day of the PRO Term.

  • The Rescheduled Request must state the PRO Advance amount requested, and the month, day and year of the Common Payment Due Date, as set forth in Customers’ applicable monthly billing statement from IBM Credit, or the Product Advance or part thereof to be rescheduled.

  • If a Reschedule Request is approved by IBM Credit, the PRO Term shall commence on the Common Due Date for the Product Advance or part thereof being paid by the PRO Advance and shall end on the last day of the approved PRO Term.

  • Customer shall provide IBM Credit with a written request ("Reschedule Request") for an Advance ("PRO Advance") for periods of 10 day increments ("PRO Term") up to the maximum approved term set forth in Exhibit A ("Maximum PRO Term").

  • From and after maturity, the delinquent portion of a PRO Advance shall accrue a Delinquency Fee in accordance with Paragraph 2.8 hereof.

  • From and after maturity, the delinquent portion of a PRO Advance shall accrue a Delinquency Fee in accordance with Section 2.8 hereof.

  • Notwithstanding any other provision of this Agreement, Borrower shall not (i) request more than one PRO Advance in respect of any Product Advance; and (ii) request a PRO Advance for any Common Due Date on which Borrower will take a discount offered by IBM Credit for invoice amounts paid in full within fifteen days of the invoice date under IBM Credit's High Turnover Option ("HTO") Program.

  • Each PRO Advance shall accrue a finance charge during the period commencing on the date such Advance is made to maturity at the per annum rate specified in Exhibit A as the "FPP PRO Financing Charge".

  • The Reschedule Request must state the PRO Advance amount requested, and the month, day and year of the Common Due Date, as set forth in Customer's applicable monthly billing statement from IBM Credit, of the Product Advance or part thereof to be rescheduled.