Factoring Commission. For its services hereunder, Factor shall receive a commission equal to three-tenths of one percent (0.3%) percent of the gross amount of Receivables, less any discount reflected on the face of the invoice; provided, however, a) in the case of any Receivables due from a customer who is a debtor-in-possession, Factor shall receive an additional commission equal to no less than one (1%) percent for 15 day selling terms and two (2%) percent for 30 day selling terms, of the gross invoice amount of each Receivable, less any discount reflected on the face of the invoice, all of which commissions shall be due and payable as of the date a Receivable arises, and shall then be chargeable to Client’s account. In addition, and with prior notice to Client, Factor may from time to time impose a commission surcharge on other high-risk customers and on customers located outside the United States.
Factoring Commission. For its services hereunder, Factor shall receive a commission equal to one tenth (.001) of one percent of the gross amount of Receivables.
Factoring Commission. For its services hereunder, Factor shall receive a Commission equal to four percent (4.0%) of the gross amount of Receivables purchased hereunder. In the case of any Receivables from a customer who is a debtor-in-possession, Factor shall receive an additional commission equal to two percent (2.0%) of the gross invoice amount of each Receivable, which commission shall be due and payable as of the date a Receivable arises, and shall then be chargeable to Client's account.
Factoring Commission. For its services hereunder, (a) Factor shall receive a Commission equal to the following applicable amount: (i) one (1.0%) percent of the gross amount of Receivables purchased Annually (as defined hereinbelow) hereunder if such gross amount is Ten Million Dollars ($10,000,000) or less, (ii) three-quarters of one percent (0.75%) of the gross amount of Receivables purchased Annually hereunder if such gross amount is in excess of Ten Million Dollars ($10,000,000) but less than Fifty Million Dollars ($50,000,000), or (iii) one-half of one percent (0.50%) of the gross amount of Receivables purchased Annually hereunder if such gross amount is in excess of Fifty Million Dollars ($50,000,000); and (b) in the case of any Receivables from a customer who is a debtor-in-possession, Factor shall receive an additional commission equal to no less than one (1%) percent for 15 day selling
Factoring Commission. You shall pay us a commission in an amount equal to eight tenths of one percent (0.80%) of the net amount of each account receivable. Factoring commissions payable to us hereunder are based on your usual and regular selling terms which do not exceed ninety (90) days. If the selling terms on an account receivable exceed such ninety (90) days selling terms, you shall pay us an additional factoring commission equal to one quarter of one percent (0.25%) of the net amount of such account receivable for each thirty (30) days or part thereof the selling terms thereof exceed such ninety (90) days selling terms. However, no such increase in terms or dating shall be granted without our prior written approval. Notwithstanding any provisions herein to the contrary, in no event shall the factoring commission paid by you be less than $3.00 per invoice. In order to induce us to provide you with credit approval on certain accounts which we may not otherwise credit approve, you agree that we shall have the right to impose an additional factoring commission (a "surcharge") or other charges on any such accounts on which we deem it necessary. The amount of such surcharge shall be in any amount to be determined by us in our sole discretion on any such account which you request us to credit approve and which we agree to credit approve. The accounts subject to a surcharge are those accounts where the account debtor is the subject of a pending bankruptcy proceeding, the account debtor is not adequately capitalized in our opinion or the account debtor is viewed by us (on the basis of various economic factors considered by us) as being substantially more unlikely to timely pay the account than other account debtors whose accounts are then being credit approved by us. Nothing in this SECTION 23 shall require us to credit approve any account, even if you agree that we can charge you a surcharge in connection with such account. All factoring commissions or surcharges are due when posted and charged to the Factoring Account. INTEREST CHARGE (AVERAGE NET DAILY OUTSTANDING) Interest calculated on the basis of the Average Net Daily Outstanding (ANDO) Method plus three (3) Business Days shall be charged on the average net daily balance of advances made to you pursuant to Section 2 of this Agreement, and shall be payable monthly on the last day of each calendar month. INTEREST RATE
Factoring Commission. In compensation for the factoring service, a commission calculated based o the amount of the subrogated invoices, credit notes, and payments received by NATIXIS FACTOR shall be deducted for every invoice to an acquired customer that is not transferred. The rate of this commission is set at 0.45%*, subject to transmission of the invoices by CREANCExpress. It is applied as defined in the chart below. The rate of this factoring commission has been determined for a maximum number of 60 open purchaser accounts. Beyond that threshold, NATIXIS FACTOR shall revise the chart below. < 3 0.55 % 0.50 % 0.45 % 3-4 0.50 0.45 % 0.42 % > 4 0.45 % 0.42 % 0.38 % The commission rate will be adjusted each year on the anniversary date of CREANCExpress activation by applying the chart above, based on the applicable sales (sales in millions of euros) and on the average amount of the customer’s invoices (Avg. Inv. Amt. in thousands of euros) during the twelve months prior to the adjustment. If CREANCExpress is not activated, the anniversary date used shall be that on which the contract is signed. This revision shall be applied retroactively to the same period. [* Originally 0.48%, changed to 0.45% and change initialed in the margin.] Natixis Factor 10-00, xxxxxx Xxxxxxx Xxxxxxxxx – 94676 Charenton-le-Pont Cedex France – Telephone: +00 0 00 00 00 00 – Fax: +00 0 00 00 00 00 [logo] BANQUE POPULAIRE The parameters contained in the table above that affect the applicable commission rate, as well as the minimum commission, are considered established in constant euros; they will therefore be revalued each year based on the monthly consumer price index. General service index (item 47 of the monthly INSEE bulletin). The reference index shall be the last index published on the date the contract is signed. The annual minimum amount of factoring commission before taxes cannot be less than 10,000 euros. If the contract is terminated, this minimum commission amount becomes payable immediately upon notice of the termination of the contract. This amount is due on the calendar year in progress when the advance notice deadline expires.
Factoring Commission. In respect of its services, the Factor will receive commission calculated on the tax inclusive amount of the transferred invoices, its rate is, like the annual minimum, specified in the Special Conditions. The accumulated amount of the factoring commissions received in a calendar year will not in any case be lower than the minimum annual amount. At the start of the second calendar half-year, the Factor will be able to withdraw, if there is one, the difference between the accumulation of the factoring commissions deducted since the start of the year and half of the annual minimum. In case of termination on the Factor’s initiative, the minimum amount set out above is only due for the six months current on expiration of the time limit of the notice. In all other cases, termination without notice or on the Company’s initiative, the annual minimum becomes payable immediately from notification of termination of the contract.
Factoring Commission a) The following conditions are construed to be: · Annual invoicing for: 76.000 KEuros (VAT incl.) · A number of Buyers of: 250 · A maximum annual number of Balance reloads: 36 Upon each Balance transfer, Crédit Agricole Leasing & Factoring will charge a Factoring Commission of 0.12% to be applied to the amount of the transferred balance. Simultaneously, Crédit Agricole Leasing & Factoring shall restore to the client a share of the Factoring Commission equal to 0.12% of the Residual Balance of the previously transferred Balance. In the event of the total revocation of the Authorisation of Management and Recovery as provided in section 4-2
Factoring Commission. For payment and guarantee of debts, their payment and their collection, Crédit Agricole Leasing & Factoring will charge a factoring commission calculated on the total amount of the invoices at the rate specified in the Special Conditions. Crédit Agricole Leasing & Factoring charges a minimum annual factoring commission determined in the special conditions. On this basis, provisions may be made at any time. This minimum annual commission takes effect on the date of signature of the contract, then at each anniversary date of said contract, even in the event of subsequent amendment, except otherwise provided in said amendment. It is due in full for any year started and becomes immediately due and payable upon termination of the factoring contract or of court ordered insolvency proceedings against the Client. The parameters which determine changes to the factoring commission rate may be reviewed on January 1st and July 1st of each year on the basis of changes in the Consumer Price Index (CPI). The same will apply with respect to the annual minimum factoring commission.
Factoring Commission. (a) For Factor’s services hereunder, Client shall pay to Factor a commission equal to the Factoring Commission Percentage set forth on the Fee Schedule annexed thereto multiplied by the gross invoice amount of each Account purchased hereunder, which commission shall be due and payable as of the date of each such Account’s creation and shall be chargeable to Client’s account by Factor on such date of creation as an Advance. In no event shall the factoring commission charged by Factor for any single invoice be less than the Minimum Per Invoice Factoring Commission set forth on the Fee Schedule annexed hereto.
(b) Notwithstanding anything to the contrary set forth herein, Factor may from time to time impose surcharges upon the commissions set forth in Section 3.1(a) of this Agreement with respect to invoices owing by certain customers (“Surcharge Customers”). Factor’s schedule of Surcharge Customers and the corresponding surcharges are set forth in Client’s internet accessible account information or, at Factor’s option, shall be delivered to Client in compliance with Section 10.11 of this Agreement. Factor may make, in its sole discretion, and Client hereby agrees to, changes to Factor’s schedule of Surcharge Customers and the corresponding surcharges from time to time, each such change to be effective upon notation in Client’s internet accessible account information or notification in compliance with Section 10.11 of this Agreement.
