We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Default Charge Clause in Contracts

Default Charge. the Default Charge, immediately upon its accrual, on: 3.2.2.1. all past due amounts due from Seller to Purchaser hereunder; and 3.2.2.2. the amount of any Reserve Shortfall.

Appears in 2 contracts

Samples: Factoring Agreement (Tri-S Security Corp), Factoring Agreement (Health & Nutrition Systems International Inc)

Default Charge. the Default Charge, immediately upon its accrual, on: 3.2.2.14.2.2.1. all past due amounts due from Seller to Purchaser hereunder; and 3.2.2.2. the amount of any Reserve Shortfall.

Appears in 1 contract

Samples: Factoring Agreement (Tri-S Security Corp)

Default Charge. the Default Charge, immediately upon its accrual, on: 3.2.2.1. 3.2.2.1 all past due amounts due from Seller to Purchaser hereunder; and 3.2.2.2. 3.2.2.2 the amount of any Reserve Shortfall.

Appears in 1 contract

Samples: Factoring and Security Agreement (Tri-S Security Corp)

Default Charge. the The Default Charge, immediately upon its accrual, on: 3.2.2.1. all All past due amounts due from Seller to Purchaser hereunder; and 3.2.2.2. the The amount of any Reserve Shortfall.

Appears in 1 contract

Samples: Receivables Purchase and Security Agreement (Lightpath Technologies Inc)