Common use of Discount Fees Clause in Contracts

Discount Fees. Seller shall pay to Purchaser an initial Discount Fee of the amount or percentage (%) reflected in Schedule 1, as adjusted from time to time. If uncollected after 120 days from the Billing Date, the Billed Amount will be deemed uncollectible and a Rejected Receivable. The Discount Fees shall be deducted from the Advance Amount.

Appears in 2 contracts

Samples: Factoring and Security Agreement, Factoring and Security Agreement (Cordia Corp)

AutoNDA by SimpleDocs

Discount Fees. Seller shall pay to Purchaser an initial Discount Fee of the amount or percentage (%) reflected in Schedule 11 and Schedule 1 (A), as adjusted from time to time; additional Discount Fees will be charged at a rate specified in Schedule 1 and Schedule 1 (A). If uncollected after 120 days from the Billing Date, the Billed Amount will be deemed uncollectible and a Rejected Receivable. The Discount Fees shall be deducted from the Advance Amount.

Appears in 1 contract

Samples: Receivables Sales Agreement (Trinsic, Inc.)

Discount Fees. Seller shall pay to Purchaser an initial Discount Fee of the amount or percentage (%) reflected in Schedule 1, as adjusted from time to time. If uncollected after 120 days from the Billing Date, the Billed Amount will be deemed uncollectible and a Rejected Receivable. The Discount Fees shall be deducted from the Advance AmountAmount or from the Advance Amount related to the purchase of receivables of Cordia Corporation pursuant to the Factoring and Security Agreement with that company.

Appears in 1 contract

Samples: Factoring and Security Agreement (Cordia Corp)

AutoNDA by SimpleDocs

Discount Fees. Seller shall pay to Purchaser an initial Discount Fee of the amount or percentage (%) reflected in Schedule 1, as adjusted from time to time; additional Discount Fees will be charged for Purchased Receivables that remain uncollected after 30 days, at a rate specified in Schedule 1. If uncollected after 120 days from the Billing Date, the Billed Amount will be deemed uncollectible and a Rejected Receivable. The Discount Fees shall be deducted from the Advance Amount.

Appears in 1 contract

Samples: Factoring and Security Agreement (Teletouch Communications Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!