Common use of Factoring Fee Clause in Contracts

Factoring Fee. For each Purchased Receivable, Seller shall pay to Buyer a factoring fee (Factoring Fee) equal to the sum of: (a) an amount equal to the Factoring Fee Percentage multiplied by the face value of the Purchased Receivable; and (b) if the Purchased Receivable is not paid in full within thirty (30) days from the date it is first purchase by Buyer, for each fifteen (15) day period or partial fifteen day period thereafter, an amount equal to the Additional Fee Percentage multiplied by the face value of the Purchased Receivable, until it is paid in full, repurchased by Seller or written off by Buyer. Notwithstanding the preceding, if the Factoring Fee is less than the Minimum Factoring Fee, then Seller shall pay to Buyer the Minimum Factoring Fee in place of the Factoring Fee for said Purchased Receivable.

Factoring Fee. For each Purchased Receivable, Seller shall pay to Buyer a factoring fee (Factoring Fee) equal to the sum of: (a) an amount equal to the Factoring Fee Percentage multiplied by the face value of the Purchased Receivable; and (b) if the Purchased Receivable is not paid in full within thirty (30) days from the date it is first purchase by Buyer, for each fifteen (15) day period or partial fifteen day period thereafter, an amount equal to the Additional Fee Percentage multiplied by the face value of the Purchased Receivable, until it is paid in full, repurchased by Seller or written off by BuyerXxxxx. Notwithstanding the preceding, if the Factoring Fee is less than the Minimum Factoring Fee, then Seller shall pay to Buyer the Minimum Factoring Fee in place of the Factoring Fee for said Purchased Receivable.

Factoring Fee. For each Purchased Receivable, Seller shall pay to Buyer a factoring fee (Factoring Fee) equal to the sum of: (a) an amount equal to the Factoring Fee Percentage multiplied by the face value of the Purchased Receivable; and (b) if the Purchased Receivable is not paid in full within thirty twenty (3020) days from the date it is first purchase by Buyer, for each fifteen (15) day period or partial fifteen day period thereafter, an amount equal to the Additional Fee Percentage multiplied by the face value of the Purchased Receivable, until it is paid in full, repurchased by Seller or written off by BuyerXxxxx. Notwithstanding the preceding, if the Factoring Fee is less than the Minimum Factoring Fee, then Seller shall pay to Buyer the Minimum Factoring Fee in place of the Factoring Fee for said Purchased Receivable.