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Disbursement Agreement Deutsch

Ministers agreed to meet again on 13 December, when the results of the buyback operation are clear and all necessary national procedures are completed to formally approve the next payment of financial aid to Greece. A merchant agreement generally defines the terms of sale of products purchased by the distributor, the expected obligations and responsibilities of the distributor, and the circumstances under which the contract may be terminated. A merchant contract can also determine the means of payment, the date of delivery and the extent of the merchant`s territorial rights. Even for existing loans, KfW will not make further disbursements from the 2014/15 winter semester. The manufacturer or seller must also determine whether the distribution contract is exclusive or not exclusive. In an exclusivity agreement, the specified distributor is the only distributor with the right to sell the product in a geographic region or in several regions. If the agreement is not exclusive, the manufacturer or seller can supply other distributors who sometimes compete in the same market. Suppliers who use channel partners as part of their distribution network can use a one- or two-step distribution channel. In a one-step distribution system, the provider develops relationships with channel companies such as VARs, System Integrators (SIs) and Managed Service Providers (MSPs) — which sell to end customers. In a two-tier system, the supplier sells products to an independent distributor who in turn supplies products to channel partners who then package solutions for end customers.

The two-step model requires dealer agreements to facilitate relationships between distributors and channel partners. In addition, the manufacturer or lender must define a distribution strategy if it takes into account the nature of the agreements to be concluded. A selective strategy requires a small group of distribution points to cover the channel`s target markets. An intensive strategy aims to place the product through a wide distribution in front of as many potential buyers as possible. This last point generally applies to consumer products rather than commercial markets. As a general rule, payments are made monthly to the recipient. These payments, including interest, must then be repaid to the creditor. The payment of these funds to the government depends on the progress of reforms and, in this regard, budgetary and public funding systems are high a priority. Essential elements of a distribution agreement include the duration (period during which the contract is in effect), delivery conditions and distribution areas covered by the agreement (regions located in the United States and/or international markets).

Distributors, such as retailers or value-added resellers (VARs), purchase products from merchants who then sell them to their end customers. In the merchant-distributor relationship, the distributor acts as an intermediary between a supplier and a distributor. This relationship therefore requires a contractual agreement different from the one described above. The payment agreement governs the manner, date and conditions of payment of subsidies and must be fully implemented before each payment. The first payment – 30 billion euros – is pre-financed and kept in reserve by the EFSF, which will be used in the Spanish banking sector in case of urgent need, before knowing the results of the stress tests. The total payment amounts to 43.7 billion euros, of which 34.4 billion euros will be paid in December.