Rebate Pool definition

Rebate Pool shall be determined by using the table below. The rebate level entered below opposite each shall apply incrementally to that tier only. No rebate level in any tier shall be applicable to prior or subsequent tiers. Accrued Fees (in a Term Year in US$) Rebate Level (applicable to this tier only) Less than $1,500,000 0.0% Equal to or greater than $1,500,000 but less than $5,000,000 7.5% Equal to or greater than $5,000,000 but less than $10,000,000 10.0% Equal to or greater than $10,000,000 12.5% The “Rebate Eligible Percentage” shall be determined by dividing: (y) the total Fees paid by Company (or any member of the Company Group) to Deluxe for all Services excluding: (i) the “Television Retainer” and the “Worldwide Product Fulfillment (WPF) Retainer”, and (ii) the first $6,000,000 of services per Term Year of this Agreement provided by Deluxe pursuant to the Deluxe Drissi Creative Contract, by (z) the total Fees paid by Company (or any member of the Company Group) to Deluxe for all Services. The “Rebate Amount” to be paid by Deluxe to Company shall be determined by multiplying the Rebate Pool by the Rebate Eligible Percentage. By way of example only, if Deluxe earned $10 million in total Fees from Company (including any member of the Company Group), $5.55 million of which was for services under the Deluxe Drissi Creative Contract and $450,000 was from the Television Retainer and the Worldwide Product Fulfillment (WPF) Retainer combined, the Rebate Pool would be:
Sample 1

Examples of Rebate Pool in a sentence

  • Rebate Pool has the meaning given in Schedule 2 of these Protocols.

  • In addition, if the Rebate per Tonne for all Slots is zero, the Rebate Pool will be distributed equally across all tonnes acquired at Auction in respect of the relevant Port Terminal (and which are actually shipped), and will be rebated to Clients on that basis.

  • The councils have been allocated funding through the county Business Rates Rebate Pool for walking and cycling which will be used to improveinfrastructure, projects and communication programmes on active travel.

  • Year End Adjustment (YEA) The Year End Adjustment for the User (YEAu) will be calculated in respect of each Financial Year as follows:- where:- RTu is the Reference Tonnage for the User for the Financial Year; ART is the Aggregate Reference Tonnage for the Financial Year; and RP is the Rebate Pool for the Financial Year calculated at Schedule 2, Part B, Section 2.

  • The Year End Adjustment (if any) payable to each Access Holder “u” with Reference Tonnage (YEAu) will be calculated in respect of each Financial Year as follows:- where:-RTu is the Reference Tonnage for the Access Holder for the Financial Year;ART is the Aggregate Reference Tonnage for the Financial Year; andRP is the Rebate Pool for the Financial Year calculated at Schedule C, Part B, Section 2.

  • The Rebate Pool for a particular Port Terminal, Rebate Poolp, equals:Auction Premiumsp + Interestp − Auction Costsp − Booking Adjustmentspso long as the above calculation gives a number greater than zero.

  • The Auction Fee or Declared Auction Fee does not form part of the Rebate Pool.

  • However, if Viterra requests a Client to move a Booking for operational reasons, and the Client accepts and actually ships through the new Slot, it still earns a Rebate per Tonne determined by its original Booking (i.e. it continues to participate in the Rebate Pool and Auction Premium Rebate calculation as if it had not agreed to move its Booking).

  • The Rebate Pool (RP) for each Financial Year will be calculated as follows:- where:-ECu is the Excess Charge (if any) for each RTAHu for the Financial Year calculated at Schedule C, Part B, Section 7;n is the number of RTAHs which together hold all ART for the Financial Year;PI is the Provisional Increment calculated at Schedule C, Part B, Sub-Section 4 (b) for the Financial Year; andATA is the Additional Tonnage Amount calculated at Schedule C, Part B, Section 9 for the Financial Year.

  • The Rebate Pool depends on tonnes of Capacity that Clients buy across the Auctions, rather than on what they actually ship.2.2 InterestThe interest for a Rebate Pool for a Port Terminal, Interestp, is the interest accruing to the separate account in which that Port Terminal’s Auction Premiums are held between the time that Clients’ Auction Premium payments are received into the Rebate Pool and the time that Clients’ rebates are paid from the Rebate Pool.

Related to Rebate Pool

  • Mortgage Pool The pool of Mortgage Loans, identified on Schedule 1 from time to time, and any REO Properties acquired in respect thereof.

  • Delinquent Receivable means any Receivable that is not a Liquidated Receivable and which the related Obligor fails to make at least 90% of the related Scheduled Receivables Payment by the date on which it is due and remains unpaid for more than sixty (60) days from the original payment due date.

  • 60-Day Delinquent Receivables means, as of any date of determination, all Receivables (other than Repurchased Receivables and Defaulted Receivables) that are sixty (60) or more days delinquent as of such date (or, if such date is not the last day of a Collection Period, as of the last day of the Collection Period immediately preceding such date), as determined in accordance with the Servicer’s Customary Servicing Practices.

  • Wave pool means a swimming pool of special shape and design which is provided with wave-generating equipment.

  • Unbilled Receivable means, at any time, any Receivable as to which the invoice or xxxx with respect thereto has not yet been sent to the Obligor thereof.

  • Cut-off Date Pool Principal Balance The aggregate Stated Principal Balances of all Mortgage Loans as of the Cut-off Date.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • Eligible Unbilled Receivable means, at any time, any Unbilled Receivable if (a) the related Originator has recognized the related revenue on its financial books and records under GAAP, and (b) not more than thirty (30) days have expired since the date such Unbilled Receivable arose.

  • Principal Receivables means all Receivables other than Finance Charge Receivables.

  • Delinquency Advance As defined in Section 8.09(a) hereof.

  • Purchased Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

  • Delinquent Mortgage Loan The meaning ascribed thereto in Section 11.02.

  • Principal Receivable means each Receivable other than Finance Charge -------------------- Receivables and Receivables in Defaulted Accounts. A Principal Receivable shall be deemed to have been created at the end of the day on the Date of Processing of such Receivable. In calculating the aggregate amount of Principal Receivables on any day, the amount of Principal Receivables shall be reduced by the aggregate amount of credit balances in the Accounts on such day. Any Principal Receivables which Seller is unable to transfer as provided in Section 2.5(c) of -------------- the Transfer and Servicing Agreement shall not be included in calculating the aggregate amount of Principal Receivables.

  • Available Collections means, for any Distribution Date, (i) all Obligor payments received with respect to the Receivables during the preceding Collection Period, (ii) all Liquidation Proceeds received with respect to the Receivables during the preceding Collection Period, (iii) all interest earned on funds on deposit in the Collection Account during the preceding Collection Period, (iv) the aggregate Purchase Amount deposited in the Collection Account on the Business Day preceding such Distribution Date, (v) all prepayments received with respect to the Receivables during the preceding Collection Period attributable to any refunded item included in the Amount Financed (including amounts received as a result of rebates of extended service plan contract costs and insurance premiums and proceeds received under physical damage, theft, GAP, credit life and credit disability insurance policies), and (vi) all Simple Interest Advances deposited into the Collection Account by the Servicer on the Business Day preceding such Distribution Date; provided, however, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to any Purchased Receivable the Purchase Amount for which was included in Available Collections for a previous Distribution Date; provided further, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to any Receivable to the extent that the Servicer has made an unreimbursed Simple Interest Advance with respect to such Receivable and is entitled to reimbursement from such payments or other amounts pursuant to Section 4.4 of the Sale and Servicing Agreement; and, provided further, that Available Collections for any Distribution Date shall not include any payments or other amounts (including Liquidation Proceeds) received with respect to the Receivables that are retained by the Servicer as reimbursement for Unreimbursed Servicer Advances pursuant to Section 4.4 of the Sale and Servicing Agreement; provided, further, however, that Available Collections for any Distribution Date will exclude any Supplemental Servicing Fees.

  • Delinquency Amount means, as of any Distribution Date, the Principal Balance of all Contracts that were delinquent 60 days or more as of the end of the related Due Period (including Contracts in respect of which the related Motorcycles have been repossessed and are still in inventory).

  • Liquidated Receivable means any Receivable liquidated by the Servicer through the sale or other disposition of the related Financed Equipment or that the Servicer has, after using all reasonable efforts to realize upon the Financed Equipment, determined to charge off without realizing upon the Financed Equipment.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Delinquency proceeding means a proceeding instituted against an insurer for the purpose of liquidating, rehabilitating, reorganizing or conserving the insurer, and a summary proceeding under section 507C.9 or 507C.10. “Formal delinquency proceeding” means any liquidation or rehabilitation proceeding.

  • Principal Recovery Amount With respect to each Payment Date, the sum of: (a) the aggregate amount of Credit Event Net Losses for all Reversed Credit Event Reference Obligations for the related Reporting Period; (b) subsequent recoveries on any Reference Obligation that became a Credit Event Reference Obligation on a prior Payment Date; (c) the aggregate amount of the Credit Event Net Gains of all Credit Event Reference Obligations for the related Reporting Period; (d) the Origination Rep and Warranty/Servicing Breach Settlement Amount for such Payment Date; and (e) the Projected Recovery Amount.

  • Mortgage Pool Assets (i) The Mortgage Loans (including all Substitute Mortgage Loans) identified on the Mortgage Loan Schedule, and all rights pertaining thereto, including the related Mortgage Notes, Mortgages, Cooperative Stock Certificates, Cooperative Leases, Security Agreements, Assignments of Proprietary Lease, and Recognition Agreements, and all Monthly Payments due after the Cut-Off Date and all other payments and distributions collected with respect to the Mortgage Loans on or after the Cut-Off Date; (ii) the Certificate Account, the Investment Account, and all money, instruments, investment property, and other property credited thereto, carried therein, or deposited therein (except amounts constituting the Servicing Fee); (iii) the Custodial Accounts for P&I and any Buydown Fund Account (to the extent of the amounts on deposit or other property therein attributable to the Mortgage Loans), and all money, instruments, investment property, and other property credited thereto, carried therein, or deposited therein (except amounts constituting the Servicing Fee); (iv) all property that secured a Mortgage Loan and that has been acquired by foreclosure or deed in lieu of foreclosure or, in the case of a Cooperative Loan, a similar form of conversion, after the Cut-Off Date; and (v) each FHA insurance policy, Primary Insurance Policy, VA guaranty, and other insurance policy related to any Mortgage Loan, and all amounts paid or payable thereunder and all proceeds thereof.

  • Priority of Payments The meaning specified in Section 11.1(a).

  • 60+ Day Delinquent Mortgage Loan (i) Each Mortgage Loan with respect to which any portion of a Scheduled Payment is, as of the last day of the prior Due Period, two months or more past due (without giving effect to any grace period), including, without limitation, such Mortgage Loans that are subject to bankruptcy proceedings, (ii) each Mortgage Loan in foreclosure and (iii) all REO Property.

  • Delinquency Percentage means, for any Payment Date and the related Collection Period, an amount equal to the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of all 60-Day Delinquent Receivables as of the last day of such Collection Period to (ii) the Pool Balance as of the last day of such Collection Period.