Common use of Default Fee Clause in Contracts

Default Fee. In the event the Seller breaches this Agreement for any reason, a default fee of the greater of $2,500 or Twenty-Five Percent (25%) of the outstanding balance shall be added.

Appears in 2 contracts

Samples: Future Receivables Sale and Purchase Agreement (First Person Ltd.), Future Receivables Sale and Purchase Agreement (First Person Ltd.)

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Default Fee. In the event the Seller breaches this Agreement for any reason, a default fee of the greater of $2,500 5,000.00 or Twenty-Five Percent (25%) of the outstanding balance shall be added.

Appears in 1 contract

Samples: Future Receivables Sale and Purchase Agreement (American Rebel Holdings Inc)

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Default Fee. In the event the Seller breaches this Agreement for any reason, a default fee of the greater of $2,500 of$ I 0,000 or Twenty-Five Percent (25%) of the outstanding balance shall be added.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Zerify, Inc.)

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