Rebate definition
Examples of Rebate in a sentence
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 Lessee does not qualify for the small issuer Rebate Exemption described above, and the Lessee hereby certifies and covenants that it will account for, keep the appropriate records of, and pay to the United States, the rebate amount, if any, earned from the investment of gross proceeds of this Lease and the Advances to be made hereunder, at the times, in the amounts, and in the manner prescribed in Section 148(f) of the Code and the applicable Regulations promulgated with respect thereto.
This Amendment and the Term terminate automatically upon the termination of the Rebate Program by Kentucky Education Co-op or us, and upon termination of the Card Agreement by you or us.
Accordingly, the Lessee will qualify for the Rebate Exemption granted to governmental units issuing less than $5,000,000 under Section 148(f)(4)(D) of the Code ($15,000,000 for the financing of public school facilities construction as described above), and the Lessee shall be treated as meeting the requirements of Paragraphs (2) and (3) of Section 148(f) of the Code relating to the required rebate of arbitrage earnings to the United States with respect to this Lease and the Advances to be made hereunder.
We will determine the Qualified Volume, Aggregate Qualified Volume and your Rebate for each Calendar Year based on the Qualified Volume and related data reported to us by Mastercard for that Calendar Year.