Common use of PURCHASE COMMISSION Clause in Contracts

PURCHASE COMMISSION. Each Facility Company shall pay to Burdale commission in respect of each of its Purchased Receivables at a rate equivalent to the Interest Rate applied to the Outstanding Purchase Price for such Receivable from the date on which Burdale paid such Purchase Price to a Facility Company down to the Actual Day of Payment (the PURCHASE COMMISSION). Burdale shall calculate the Purchase Commission on a daily basis and it shall be paid by the relevant Facility Company monthly in arrears on the last Business Day of each month.

Appears in 2 contracts

Samples: Facility Agreement (Haynes International Inc), Facility Agreement (Haynes International Inc)

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PURCHASE COMMISSION. Each Facility The Company shall pay to Burdale commission in respect of each of its Purchased Receivables Receivable at a rate equivalent to the Interest Purchase Rate applied to the Outstanding Purchase Price for such Receivable from the date on which Burdale paid such Purchase Price to a Facility the Company down to the Actual Day Date of Payment (the "PURCHASE COMMISSION"). Burdale shall calculate the Purchase Commission on a daily basis and it shall be paid by the relevant Facility Company monthly in arrears on the last first Business Day of each month.

Appears in 1 contract

Samples: Facility Agreement (Geologistics Corp)

PURCHASE COMMISSION. Each Facility The Company shall pay to Burdale commission in respect of each of its Purchased Receivables Receivable at a rate equivalent to the Interest Purchase Rate applied to the Outstanding Purchase Price for such Receivable from the date on which Burdale paid such Purchase Price to a Facility the Company down to the Actual Day Date of Payment (the PURCHASE COMMISSION). “Purchase Commission”) Burdale shall calculate the Purchase Commission on a daily basis and it shall be paid by the relevant Facility Company monthly in arrears on the last first Business Day of each month.

Appears in 1 contract

Samples: Facility Agreement (Geologistics Corp)

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PURCHASE COMMISSION. Each Facility Company shall pay to Burdale commission in respect of each of its Purchased Receivables at a rate equivalent to the Interest Rate applied to the Outstanding Purchase Price for such Receivable from the date on which Burdale paid such Purchase Price to a Facility Company down to the Actual Day Date of Payment (the "PURCHASE COMMISSION"). Burdale shall calculate the Purchase Commission on a daily basis and it shall be paid by the relevant Facility Company monthly in arrears on the last Business Day of each month.

Appears in 1 contract

Samples: Facility Agreement (Atchison Casting Corp)

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