Common use of Missing Notation Fee Clause in Contracts

Missing Notation Fee. Each invoice submitted by Seller to Buyer, which evidences a Purchased Receivable, shall bear a notice, in form satisfactory to Buyer, that it has been sold and assigned to and is payable only to Buyer. Seller's failure to include such notice on the invoice shall result in the payment of the Missing Notation Fee as liquidated damages, as such damages shall be difficult to calculate or ascertain.

Appears in 5 contracts

Samples: Factoring Agreement Terms, Factoring Agreement Terms, Factoring Agreement Terms

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