Common use of Factoring Fee Clause in Contracts

Factoring Fee. Seller shall pay to Buyer upon purchase of Receivables by Buyer, a Factoring Fee (“Factoring Fee”), calculated by taking one and eight-tenths of one percent (1.80%) of the gross face value of a Purchased Receivable for the first thirty (30) day period from the date said Purchased Receivable is first purchased by Buyer, and a Factoring Fee of sixty-five hundredths of one percent (0.65%) per ten (10) days thereafter (“Fee Period”) until the date said Purchased Receivable is paid in full or otherwise repurchased by Seller or otherwise written off by Buyer within the Write Off Period.

Appears in 2 contracts

Samples: Factoring Agreement, Factoring Agreement (Stellar Acquisition III Inc.)

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Factoring Fee. Seller shall pay to Buyer upon purchase of Receivables by Buyer, a Factoring Fee (“Factoring Fee”), calculated by taking one and eight-nine tenths of one percent (1.800.90%) of the gross face value of a Purchased Receivable for the first thirty (30) day period from the date said Purchased Receivable is first purchased by Buyer, and a Factoring Fee of sixty-five hundredths three tenths of one percent (0.650.30%) per ten (10) days thereafter (“Fee Period”) until the date said Purchased Receivable is paid in full or otherwise repurchased by Seller or otherwise written off by Buyer within the Write Off Period.

Appears in 1 contract

Samples: Factoring Agreement (MR2 Group, Inc.)

Factoring Fee. Seller shall pay to Buyer upon purchase of Receivables by Buyer, a Factoring Fee ("Factoring Fee"), calculated by taking one and eight-tenths thirty five hundredths of one percent (1.801.35%) of the gross face value of a Purchased Receivable for the first thirty (30) day period from the date said Purchased Receivable is first first: purchased by Buyer, and a Factoring Fee of sixty-forty five hundredths of one percent (0.650.45%) per ten (10) days thereafter (“Fee Period”) until the date said Purchased Receivable is paid in full lull or otherwise repurchased by Seller or otherwise written off by Buyer within the Write Off Period.

Appears in 1 contract

Samples: Factoring Agreement (Monster Digital, Inc.)

Factoring Fee. Seller shall pay to Buyer upon purchase of Receivables by Buyer, a Factoring Fee ("Factoring Fee"), calculated by taking one and eight-tenths five hundred seventy five thousandths of one percent (1.800.575%) of the gross face value of a Purchased Receivable for the first thirty (30) day period from the date said Purchased Receivable is first purchased by Buyer, and a Factoring Fee of sixty-five hundredths three tenths of one percent (0.650.30%) per ten fifteen (1015) days thereafter (“Fee Period”) until the date said Purchased Receivable is paid in full or otherwise repurchased by Seller or otherwise written off by Buyer within the Write Off Period.

Appears in 1 contract

Samples: Factoring Agreement (Recruiter.com Group, Inc.)

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Factoring Fee. Seller shall pay to Buyer upon purchase of Receivables by Buyer, a Factoring Fee (“Factoring Fee”), calculated by taking one and eight-tenths forty five hundredths of one percent (1.800.45%) of the gross face value of a Purchased Receivable for the first thirty (30) day period from the date said Purchased Receivable is first purchased by Buyer, and a Factoring Fee of sixty-five hundredths one quarter of one percent (0.650.25%) per ten fifteen (1015) days thereafter (“Fee Period”) until the date said Purchased Receivable is paid in full or otherwise repurchased by Seller or otherwise written off by Buyer within the Write Off Period.

Appears in 1 contract

Samples: Factoring Agreement (High Wire Networks, Inc.)

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