Common use of INTEREST AND COLLECTION CLEARANCE CHARGE Clause in Contracts

INTEREST AND COLLECTION CLEARANCE CHARGE. 3.1 Client will pay Hellxx xxxerest on the Daily Balance. Interest will be calculated daily at a rate per annum equal to two and one-half percent (2.5%) plus the LIBOR Rate (the "Interest Rate") and will be charged to Client's account monthly at the end of each month. The Interest Rate will also be charged to Client on all other Obligations, except those specifying a different rate, from the date incurred through the date paid. The LIBOR Rate will be adjusted on the last Business day of each month for the following month and the adjusted Interest Rate will remain in effect during such month. After the occurrence of an Event of Default and after any applicable cure period, all the Obligations will, at Hellxx'x xxxion, bear interest at a rate per annum equal to two and one-half percent (2.5%) plus the Interest Rate. Interest will be calculated on the basis of a 360- day year for the actual number of days elapsed. In no event will the total amount of interest received by Hellxx xxxsuant to the terms of this Agreement exceed the maximum rate permitted by applicable law and in the event excess interest is determined by a court of competent jurisdiction to have been paid by Client to Hellxx, xxch excess interest will be applied as a credit against the outstanding Obligations and Client will not have any action against Hellxx xxx any damages arising out of the payment or collection of such excess interest. 3.2 If funds remain with Hellxx xxxt the Payment Date, and there are no outstanding Obligations ("matured funds"), Hellxx xxxl credit Client's account with interest on such matured funds at the rate per annum equal to the LIBOR Rate. 3.3 If an Account or any payment is charged back to Client after the Payment Date, Client will pay Hellxx xxxerest at the Interest Rate on the Net Amount of such Account or on such payment from the Payment Date to the charge back date. 3.4 To allow for collection clearance on all checks and other payments remitted by Client's customers, Client will, pay Hellxx xxxh month a collection clearance charge based on -4- 5 two (2) calendar days for that month's collections at the Interest Rate. Hellxx xxxl charge Client's account at the end of each month for the collection clearance charge.

INTEREST AND COLLECTION CLEARANCE CHARGE. 3.1 Client will pay Hellxx xxxerest on the Daily Balance. Interest will be calculated daily at a rate per annum equal to two and one-half percent (2.5%) plus the LIBOR Rate (the "Interest Rate") and will be charged to Client's account monthly at the end of each month. The Interest Rate will also be charged to Client on all other Obligations, except those specifying a different rate, from the date incurred through the date paid. The LIBOR Rate will be adjusted on the last Business day of each month for the following month and the adjusted Interest Rate will remain in effect during such month. After the occurrence of an Event of Default and after any applicable cure period, all the Obligations will, at Hellxx'x xxxion, bear interest at a rate per annum equal to two and one-half percent (2.5%) plus the Interest Rate. Interest will be calculated on the basis of a 360- 360-day year for the actual number of days elapsed. In no event will the total amount of interest received by Hellxx xxxsuant to the terms of this Agreement exceed the maximum rate permitted by applicable law and in the event excess interest is determined by a court of competent jurisdiction to have been paid by Client to Hellxx, xxch excess interest will be applied as a credit against the outstanding Obligations and Client will not have any action against Hellxx xxx any damages arising out of the payment or collection of such excess interest. 3.2 If funds remain with Hellxx xxxt the Payment Date, and there are no outstanding Obligations ("matured funds"), Hellxx xxxl credit Client's account with interest on such matured funds at the rate per annum equal to the LIBOR Rate. 3.3 If an Account or any payment is charged back to Client after the Payment Date, Client will pay Hellxx xxxerest at the Interest Rate on the Net Amount of such Account or on such payment from the Payment Date to the charge back date. 3.4 To allow for collection clearance on all checks and other payments remitted by Client's customers, Client will, pay Hellxx xxxh month a collection clearance charge based on -4- 5 two (2) calendar days for that month's collections at the Interest Rate. Hellxx xxxl charge Client's account at the end of each month for the collection clearance charge.

INTEREST AND COLLECTION CLEARANCE CHARGE. 3.1 Client will pay Hellxx xxxerest on all Obligations, except those specifying a different rate, from the Daily Balancedate incurred through the date paid. Interest will be calculated daily at a rate per annum equal to two and one-half percent (2.5%) 2% plus the LIBOR Base Rate (the "Interest RateINTEREST RATE") and will be charged to Client's account monthly at the end of each month. The Any publicly announced decrease or increase in the Base Rate will result in an adjustment to the Interest Rate will also be charged to Client on all other Obligations, except those specifying a different rate, from the date incurred through the date paid. The LIBOR Rate will be adjusted on the last next Business day of each month for the following month and the adjusted Interest Rate will remain in effect during such monthDay. After the occurrence of an Event of Default and after any applicable cure periodfor so long as such Event of Default continues, all the Obligations will, at Hellxx'x xxxion, bear interest at a rate per annum equal to two and one-half three percent (2.53.0%) plus the Interest Rate. Interest will be calculated on the basis of a 360- 360-day year for the actual number of days elapsed. In no event will the total amount of interest received by Hellxx xxxsuant to the terms of this Agreement exceed the maximum rate permitted by applicable law and in the event excess interest is determined by a court of competent jurisdiction to have been paid by Client to Hellxx, xxch excess interest will be applied as a credit against the outstanding Obligations and Client will not have any action against Hellxx xxx any damages arising out of the payment or collection of such excess interest. 3.2 To allow for collection clearance on all checks and other payments remitted by Client's customers, Client will, in addition to interest, pay Hellxx xxxh month a collection clearance charge based on four (4) business days for that month's collections at the Interest Rate. Hellxx xxxl charge Client's account at the end of each month for the collection clearance charge. 3.3 If funds remain with Hellxx xxxt the first Monday after the Payment Date, and there are no outstanding Obligations ("matured funds"), Hellxx xxxl credit Client's account with interest on such matured funds at the rate per annum equal to the LIBOR RateBase Rate minus three percent (3.0%). 3.3 3.4 If an Account or any payment is charged back to Client after the first Monday after the Payment Date, Client will pay Hellxx xxxerest at the Interest Rate on the Net Amount of such Account or on such payment from the Payment Date to the charge back date. 3.4 To allow for collection clearance on all checks and other payments remitted by Client's customers, Client will, pay Hellxx xxxh month a collection clearance charge based on -4- 5 two (2) calendar days for that month's collections at the Interest Rate. Hellxx xxxl charge Client's account at the end of each month for the collection clearance charge.

INTEREST AND COLLECTION CLEARANCE CHARGE. 3.1 Client You will pay Hellxx xxxerest us interest on the Daily Balancedaily balance of all monies we advance to you or for your account net of all payments received from you or on your behalf and net of the purchase price of Accounts. Interest will be calculated daily at a rate per annum equal to two and one-half percent (2.5%) plus the LIBOR Base Rate (the "Interest Rate") and will be charged to Client's your factoring account monthly at the end of each month. The Interest Rate will also be charged to Client you on all other indebtedness due by you to us under this Agreement and on all Obligations, except those specifying a different rate, from the date incurred through the date paid. The LIBOR Any publicly announced decrease or increase in the Base Rate will be adjusted shall result in an adjustment to the Interest Rate on the last Business day of each month for the following month and the adjusted Interest Rate will remain in effect during such month. After the occurrence of an Event of Default and after any applicable cure period, all the Obligations will, at Hellxx'x xxxion, bear interest at a rate per annum equal to two and one-half percent (2.5%) plus the Interest Ratenext business day. Interest will shall be calculated on the basis of a 360- 360-day year for the actual number of days elapsed. In no event will shall the total amount of interest received by Hellxx xxxsuant to the terms of this Agreement Interest Rate exceed the maximum rate permitted by applicable law and in the event excess interest is determined by paid, it shall be considered a court repayment of competent jurisdiction to have been paid by Client to Hellxx, xxch excess interest will be applied as a credit against the outstanding Obligations and Client will not have any action against Hellxx xxx any damages arising out of the payment or collection of such excess interestprincipal. 3.2 To allow for collection clearance on all checks and other payments remitted by your customers, you will, in addition to interest, pay us a monthly collection clearance charge based on a formula involving total cash collections for the month, the Interest Rate, and five Business Days. We will charge your account at the end of each month for the collection clearance charge. 3.3 If funds remain with Hellxx xxxt us past the Payment Date, and there are no outstanding Obligations Collection Date ("matured funds"), Hellxx xxxl credit Client's account with we will pay you interest on such matured funds at the rate per annum equal to the LIBOR RateBase Rate minus three percent (3.0%). Any change in the Base Rate shall result in an adjustment in the matured funds rate on the next business day. 3.3 3.4 If an Approved Account or any payment is charged back to Client you after the Payment Datedate described in subsection 12.5 (b), Client you will pay Hellxx xxxerest us interest at the Interest Rate on the Net Amount of from such Account or on such payment from the Payment Date date to the charge back chargeback date. 3.4 To allow for collection clearance on all checks and other payments remitted by Client's customers, Client will, pay Hellxx xxxh month a collection clearance charge based on -4- 5 two (2) calendar days for that month's collections at the Interest Rate. Hellxx xxxl charge Client's account at the end of each month for the collection clearance charge.

INTEREST AND COLLECTION CLEARANCE CHARGE. 3.1 3.1. Client will pay Hellxx xxxerest Xxxxxx interest on the Daily Balance. Interest will be calculated daily at a rate per annum equal to two and one-half percent (2.52.50%) plus the LIBOR Base Rate (the "Interest Rate") and will be charged to Client's account monthly at the end of each month. The Interest Rate will also be charged chargee to Client on all other Obligations, except those specifying a different rate, from the date incurred through the date paid. The LIBOR Any publicly announced decrease or increase in the Base Rate will be adjusted result in an adjustment to the Interest Rate on the last next Business day of each month for the following month and the adjusted Interest Rate will remain in effect during such monthDay. After the occurrence of an Event of Default and after any applicable cure periodfor so long as such Events of Default continues, all the Obligations will, at Hellxx'x xxxionXxxxxx'x option, bear interest at a rate per annum equal to two and one-half three percent (2.53.0%) plus the Interest Rate. Interest will be calculated on the basis of a 360- 360-day year for the actual number of days elapsed. In no event will the total amount of interest received by Hellxx xxxsuant Xxxxxx pursuant to the terms of this Agreement exceed the maximum rate permitted by applicable law and in the event excess interest is determined by a court of competent jurisdiction to have been paid by Client to HellxxXxxxxx, xxch such excess interest will be applied as a credit against the outstanding Obligations and Client will not have any action against Hellxx xxx Xxxxxx for any damages arising out of the payment or collection of such excess interest. 3.2 3.2. If funds remain with Hellxx xxxt Xxxxxx past the Collection Date or Approved Payment Date, as applicable, and there are no outstanding Obligations ("matured funds"), Hellxx xxxl Xxxxxx will credit Client's account with interest on such matured funds at the rate per annum equal to the LIBOR RateBase Rate minus three percent (3.0%). Any change in the Base Rate will result in an adjustment in the matured funds rate on the next Business Day. 3.3 3.3. If an Account or any payment is charged back to Client after the Collection Date or Approved Payment Date, as applicable, Client will pay Hellxx xxxerest Xxxxxx interest at the Interest Rate on the Net Amount of such Account or on such payment from the Payment Date such date to the charge back date. 3.4 3.4. To allow for collection clearance on all checks and other payments remitted by Client's customers, Client will, in addition to interest, pay Hellxx xxxh Xxxxxx each month a collection clearance charge based on -4- 5 two four (24) calendar days for that month's collections at the Interest Ratedays. Hellxx xxxl Xxxxxx will charge Client's account at the end of each month for the collection clearance charge.