Examples of Extended Terms Accounts in a sentence
In exchange for extended payment terms, you agree to pay (a) with regard to Extended Terms Accounts, a fee equal to 1% of transaction value (the total amount charged for merchandise sold, including any related services as reflected on the data transmitted to BlueTarp, including any taxes, if applicable) of each transaction posted to your Account and (b) with regard to Super-Extended Terms Accounts, a fee equal to 2% of transaction value of each transaction posted to your Account.
Payment of the entire balance (the “New Statement Balance”) is due in full by (a) for Extended Terms Accounts, the 20th day of the second subsequent month and (b) for Super-Extended Terms Accounts, the 20th day of the third subsequent month (each a “Payment Due Date”).
Account Debtor: a Person obligated under an Account, Chattel Paper or General Intangible.Accounts Formula Amount: 85% of the Value of Eligible Accounts; provided, that (a) no greater than $10,000,000 of the Accounts Formula Amount may be derived from Eligible Extended Terms Accounts, and (b) no greater than $10,000,000 of the Accounts Formula Amount may be derived from Eligible U.S. Government Accounts.