Blocked Account Fee. In the event the Seller places a Stop-Payment on the Purchaser’s ACH or closes their bank account, a blocked account fee of $5,000 or Twenty-Five Percent (25%) of the outstanding balance shall be added. Purchaser may apply reasonable attorneys’ fees and up to 33% contingency fee of the amount demanded at the time of default.
Appears in 2 contracts
Samples: Future Receivables Sale and Purchase Agreement (First Person Ltd.), Future Receivables Sale and Purchase Agreement (First Person Ltd.)
Blocked Account Fee. In the event the Seller places a Stop-Payment on the Purchaser’s ACH or closes their bank account, a blocked account fee of $5,000 or Twenty-Five Percent (25%) of the outstanding balance shall be added. Purchaser may apply reasonable attorneys’ fees and up to 33% contingency fee of the amount demanded at the time of default.
Appears in 1 contract
Samples: Merchant Cash Advance Agreement (American Rebel Holdings Inc)
Blocked Account Fee. In the event the Seller places a Stop-Payment Stop -Payment on the Purchaser’s Purchaser 's ACH or closes their bank account, a blocked account fee of $5,000 or Twenty-Five Percent (25%) of the outstanding balance shall be added. Purchaser may apply reasonable attorneys’ fees and up to 33% contingency fee of the amount demanded at the time of default.
Appears in 1 contract
Samples: Future Receivables Sale and Purchase Agreement (Zerify, Inc.)
