Clearance Days. Clearance Days shall mean (i) three (3) business days for checks drawn on banks located within the United States and for all electronic funds transfers, and (ii) three (3) business days for all other payments. For all purposes and computations under this Agreement, Clearance Days will be added to the date on which any payment is received by SYSTRAN.
Appears in 3 contracts
Samples: Systran Financial Services (Gasel Transportation Lines Inc), Systran Financial Services (Gasel Transportation Lines Inc), Factoring Agreement (Gasel Transportation Lines Inc)
Clearance Days. Clearance Days shall mean (i) three (3) business days for checks drawn on banks located within the United States and for all electronic funds transfers, and (ii) three (3) business days for all other payments. For all purposes and computations under this Agreement, Clearance Days will be based on the Prime Plus Fee and added to the date on which any payment is received by SYSTRAN.
Appears in 2 contracts
Samples: Systran Financial Services Corporation Factoring Agreement (Crdentia Corp), Systran Financial Services Corporation Factoring Agreement (Crdentia Corp)
Clearance Days. Clearance Days shall mean (i) three -- (3--) business days for checks drawn on banks located within the United States and for all electronic funds transfers, and (ii) three -- (3--) business days for all other payments. For all purposes and computations under this Agreement, Clearance Days will be added to the date on which any payment is received by SYSTRAN.
Appears in 1 contract
Clearance Days. Clearance Days shall mean (i) three (3) business days for checks drawn on banks located within the United States and for all electronic funds transfers, and (ii) three (3) business days for all other payments. For all purposes and computations under this Agreement, Clearance Days will be added to the date on which any payment is received by SYSTRAN.
Appears in 1 contract
Samples: Systran Financial Services Corporation Factoring Agreement (Dyntek Inc)
Clearance Days. Clearance Days shall mean (i) three one (31) business days for checks drawn on banks located within the United States and for all electronic funds transfers, and (ii) three one (31) business days for all other payments. For all purposes and computations under this Agreement, Clearance Days will be based on Prime and added to the date on which any payment is received by SYSTRAN.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Galaxy Nutritional Foods Inc)