Common use of MATURED FUNDS Clause in Contracts

MATURED FUNDS. On the last day of each month, Factor shall credit Client's account with interest at the Matured Funds Rate in effect during such month on the average daily balance during such month of any amounts payable by Factor to Client hereunder (as confirmed by Factor by appropriate credit to Client's account with Factor) which are not drawn by Client on the Settlement Date, while held by Factor after the Settlement Date.

MATURED FUNDS. On the last day of each month, Factor shall ------------- credit ClientBorrower's account with interest at the Matured Funds Rate in effect during such month on the average daily balance during such month of any amounts payable by Factor to Client Borrower hereunder (as confirmed by Factor by appropriate credit to ClientBorrower's account with Factor) which are not drawn by Client Borrower on the Settlement Factored Receivable Payment Date, while held by Factor after the Settlement Factored Receivable Payment Date.

MATURED FUNDS. On the last day of each month, Factor shall credit Client's ’s account with interest at the Matured Funds Rate in effect during such month on the average daily balance during such month of any amounts payable by Factor to Client hereunder (as confirmed by Factor by appropriate credit to Client's ’s account with Factor) which are not drawn by Client on the Settlement Date, while held by Factor after the Settlement Date.