Common use of Payment of Service Fee Clause in Contracts

Payment of Service Fee. The amounts to be paid to Company under this Article VIII shall be payable monthly, at the time that Company pays GCOA for the Accounts Receivable previously purchased by Company as described in Section 8.3 below. The amount payable shall be estimated based upon the previous month's operating results of GCOA. Adjustments to the estimated payments shall be made to reconcile actual cumulative amounts due under this Article VIII, by the end of the following month during each calendar year. Upon preparation of annual financial statements as provided in Section 5.3, final adjustments to the service fee for the preceding year shall be made and any additional payments owing to Company or GCOA shall then be made to the party owed the additional sum of money. The adjustment and any amount owed shall be calculated and paid within ninety (90) days following the close of Company's fiscal year.

Payment of Service Fee. The amounts to be paid to Company under this Article VIII shall be payable monthly, at the time that Company pays GCOA ROAII for the Accounts Receivable previously purchased by Company as described in Section 8.3 below. The amount payable shall be estimated based upon the previous month's operating results of GCOAROAII. Adjustments to the estimated payments shall be made to reconcile actual cumulative amounts due under this Article VIII, by the end of the following month during each calendar year. Upon preparation of annual financial statements as provided in Section 5.3, final adjustments to the service fee for the preceding year shall be made and any additional payments owing to Company or GCOA ROAII shall then be made to the party owed the additional sum of money. The adjustment and any amount owed shall be calculated and paid within ninety (90) days following the close of Company's fiscal year.