Common use of Finance Fees Clause in Contracts

Finance Fees. Seller shall pay to Purchaser on each Settlement Date, a finance fee in an amount equal to eight-tenths of one percent (.8%) per month of the average daily Account Balance outstanding during the Settlement Period ending on such Settlement Date (the “Finance Fees”). Such accrued Finance Fees shall be netted against the Reserve as described in Section 3.3.

Appears in 2 contracts

Sources: Factoring Agreement, Factoring Agreement (Lexar Media Inc)

Finance Fees. Seller shall pay to Purchaser on each Settlement Date, a finance fee in an amount equal to eight-tenths of one 1.2 percent (.81.2%) per month of the average daily Account Balance outstanding during the Settlement Period ending on such Settlement Date (the "Finance Fees"). Such accrued Finance Fees shall be netted against the Reserve as described in Section 3.3.

Appears in 1 contract

Sources: Factoring Agreement (Centura Software Corp)

Finance Fees. Seller shall pay to Purchaser on each Settlement Date, a finance fee in an amount equal to eight-tenths of one ONE percent (.81%) per month of the average daily Account Balance outstanding during the Settlement Period ending on such Settlement Date (the "Finance Fees"). Such accrued Finance Fees shall be netted against the Reserve as described in Section 3.3.

Appears in 1 contract

Sources: Factoring Agreement (Primix)

Finance Fees. Seller shall pay to Purchaser on each Settlement Date, a finance fee in an amount equal to eight-tenths of one and one quarter percent (.81.25%) per month of the average daily Account Balance outstanding during the Settlement Period ending on such Settlement Date (the "Finance Fees"). Such accrued Finance Fees shall be netted against the Reserve as described in Section 3.3.

Appears in 1 contract

Sources: Factoring Agreement (Resourcephoenix Com)

Finance Fees. Seller shall pay to Purchaser on each Settlement Date, a finance fee in an amount equal to eight-tenths of one percent EIGHT TENTHS OF ONE PERCENT (.80.8%) per month of the average daily Account Balance outstanding during the Settlement Period ending on such Settlement Date (the "Finance Fees"). Such accrued Finance Fees shall be netted against the Reserve as described in Section 3.3.,

Appears in 1 contract

Sources: Factoring Agreement (Genus Inc)