Initial Financing Fee. A flat fee equal to 1/12 multiplied by the Facility Rate, based on the net amount Advanced with respect to any Invoice for a Financed Account (or the net amount Advanced for Advances not tied to any Invoice), for the initial 30-day period.
Appears in 2 contracts
Samples: Financing and Security Agreement (Vado Corp.), Financing and Security Agreement (Vado Corp.)
Initial Financing Fee. A flat fee equal to 1/12 multiplied by the Facility Rate, based on the net amount Advanced with respect to any Invoice for a Financed Purchased Account (or the net amount Advanced for Advances not tied to any Invoice), for the initial 30-day period.
Appears in 2 contracts
Samples: Financing and Security Agreement (Vado Corp.), Financing and Security Agreement (Vado Corp.)
Initial Financing Fee. A flat fee equal to 1/12 multiplied by the Facility Rate, based on the net amount Advanced with respect to any Invoice for a Financed Purchased Account (or the net amount Advanced for Advances not tied to any Invoice), for the initial 30-30 day period.
Appears in 1 contract
Samples: Financing and Security Agreement (Sito Mobile, Ltd.)
