Resale Payment definition

Resale Payment means the payment to Grower based on Savimbo’s percentage of gross revenue from the resale of Ecological Credits generated by Grower’s participation in the Program. The Resale Payment is based on the percentage of gross revenue specified in the Savimbo Ecological Credits Program at the time of annual contract signature (and, in the event of a contract renewal, at the date of renewal) for the resold Ecological Credits, minus any micropayments already made to Grower. ● “Savimbo Rating System” or “SRS” (available online at ▇▇▇.▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇▇ means the pricing system (based on geographic norms and ecological data) for current micropayments offered by Savimbo as Ecological Credits to Qualified Participants in the Program.
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Examples of Resale Payment in a sentence

  • In the event that the Purchaser and the Vendor resolve in writing all such disagreements, the amount for the Cash Resale Payment so agreed in writing by the Purchaser and the Vendor will be final, conclusive and binding upon, and non-appealable, by the Parties.

  • If the Company fails to make such Limited Resale Payment within two (2) business days of the Original Warrants Exercise Date, the amount owned by the Company to the Holder hereunder shall increase by one percent (1%) of the principal amount owed, accrued on a daily basis until the Limited Resale Payment is made.

  • Upon receipt of the Limited Resale Payment pursuant to this section, the Holder shall promptly deliver this Warrant to the Company for cancellation.

  • In the event that the Purchaser and the Vendor resolve in writing all such disagreements, the amount for the Cash Resale Payment so agreed in writing by the Purchaser and the Vendor will be final, conclusive and binding upon, and non- appealable, by the Parties.

  • This Limited Resale Payment shall be due and paid by the Company within two (2) business days of the Original Warrants Exercise Date via wire transfer of immediately available funds to an account designated by the Holder, or as may otherwise be agreed in writing between the parties.