Reduced Invoice Amount definition

Reduced Invoice Amount means the amount specified as such in Seller’s invoice due on February 10, 2022, March 10, 2022, April 10, 2022, May 10, 2022 or June 10, 2022, the calculation of which is set forth in Section 2.2.1 and as such amount may be adjusted pursuant to any IPA True-up Adjustment as set forth in Section 2.2.1 and as such amount is payable as set forth in Section 2.2.1. Any Reduced Invoice Amount so adjusted by an IPA True-up Adjustment shall be an Adjusted Reduced Invoice Amount.”
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Reduced Invoice Amount means the amount specified as such in Seller’s invoice due on March 10, 2022 or June 10, 2022, the calculation of which is set forth in Section 2.2.1 and as such amount may be adjusted pursuant to any IPA True-up Adjustment as set forth in Section 2.2.1 and as such amount is payable as set forth in Section 2.2.1. Any Reduced Invoice Amount so adjusted by an IPA True-up Adjustment shall be an “Adjusted Reduced Invoice Amount”.”
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Examples of Reduced Invoice Amount in a sentence

  • Seller is required to acknowledge its agreement with the Adjusted Reduced Invoice Amount via reply email by June 28, 2022.

  • If the IPA True-up Adjustment amount is negative, such amount will be subtracted from the Reduced Invoice Amount paid by Buyer to Seller on the last Business Day of June 2022, resulting in a lower payment on the last Business Day of June 2022.

  • Using the IPA True-up Adjustment rate provided by the IPA, Buyer calculates the Adjusted Reduced Invoice Amount and the Adjusted Deferred Payment Amount applicable to the June 2022 invoice.

  • A positive adjustment (increase) in the Reduced Invoice Amount shall result in a corresponding negative adjustment (decrease) in the Deferred Payment Amount, and vice-versa.

  • If the IPA True-up Adjustment amount is positive, such amount will be added to the Reduced Invoice Amount paid by Buyer to Seller on the last Business Day of June 2022, resulting in a higher payment on the last Business Day of June 2022.

  • Buyer emails Seller its calculated Adjusted Reduced Invoice Amount by June 24, 2022.

  • This exhibit is provided for Seller’s convenience to show, step-by-step, how Seller is to calculate the Reduced Invoice Amount and the Deferred Payment Amount in connection with the preparation of its invoices.

  • For purposes of the payment deferral, Seller shall indicate on the invoice (in addition to the requirements set forth in Section 2.2): (a) the Reduced Invoice Amount and (b) the Deferred Payment Amount.