Promotional payment definition
Promotional payment means any payment, gift or other remuneration made directly or indirectly by a public utility to or for the account of any builder or other person to encourage or induce such builder or other person to install appliances including, but not limited to, space heaters, heat pumps, clothes dryers, water heaters and stoves and equipment which will consume any energy sold or marketed by such public utility;
Promotional payment shall have the meaning set forth in Section 4.1.
Examples of Promotional payment in a sentence
Promotional payment is incremental and depends on the number of qualified transactions (“milestones”).