Invoice Fees Clause Samples
The Invoice Fees clause defines the charges or fees that will be applied to invoices issued under the agreement. It typically outlines the types of fees that may be included, such as administrative charges, late payment penalties, or processing fees, and specifies when and how these fees are calculated and applied to the invoiced amounts. By clearly stating the applicable fees, this clause helps prevent disputes over unexpected charges and ensures both parties understand the total costs associated with invoicing.
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Invoice Fees. Client shall pay Factor a fee equal to the Invoice Fee Rate multiplied by the face amount of each Purchased Receivable (the “Invoice Fee”). The Invoice Fee shall be fully earned by Factor for the services of reconciling invoices and providing the Platform and payable monthly in arrears on the Payment Day of each calendar month.
Invoice Fees. Borrower shall pay Lender, without duplication, a fee equal to the Invoice Fee Rate multiplied by the sum of (a) the face amount of each Eligible Account included in the Borrowing Base plus (b) the face amount of each other account for which payment is received in the Lock Box (the “Invoice Fee”). The Invoice Fee shall be fully earned by Lender for the services of reconciling invoices and providing the Platform and payable monthly in arrears on the Payment Day of each calendar month.
Invoice Fees