{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "equal-to", "type": "definition", "offset": [30, 38]}, {"key": "lesser-of", "type": "definition", "offset": [43, 52]}, {"key": "gross-face-amount", "type": "definition", "offset": [57, 74]}, {"key": "the-account", "type": "clause", "offset": [78, 89]}, {"key": "sum-of", "type": "clause", "offset": [112, 118]}, {"key": "the-prime-rate", "type": "definition", "offset": [119, 133]}, {"key": "per-annum", "type": "clause", "offset": [146, 155]}, {"key": "in-effect", "type": "clause", "offset": [193, 202]}, {"key": "from-time-to-time", "type": "clause", "offset": [203, 220]}, {"key": "for-the-purposes", "type": "clause", "offset": [262, 278]}, {"key": "daily-basis", "type": "definition", "offset": [358, 369]}, {"key": "receipt-of", "type": "clause", "offset": [451, 461]}, {"key": "good-funds", "type": "clause", "offset": [462, 472]}, {"key": "the-fee", "type": "clause", "offset": [502, 509]}, {"key": "basis-of", "type": "clause", "offset": [537, 545]}, {"key": "actual-number-of-days", "type": "clause", "offset": [569, 590]}, {"key": "event-of-default-exists", "type": "clause", "offset": [611, 634]}, {"key": "to-be-determined", "type": "definition", "offset": [723, 739]}, {"key": "sole-discretion", "type": "definition", "offset": [755, 770]}, {"key": "in-no-event-shall", "type": "clause", "offset": [776, 793]}, {"key": "notice-to-customer", "type": "clause", "offset": [1011, 1029]}, {"key": "minimum-fee", "type": "clause", "offset": [1137, 1148]}, {"key": "termination-fee", "type": "clause", "offset": [1150, 1165]}, {"key": "the-facility-fee", "type": "clause", "offset": [1170, 1186]}], "size": 11, "snippet": "shall be a fee which shall be equal to the lesser of the gross face amount of the Account multiplied by (i) the sum of the Prime Rate, plus 0.75% per annum, or (ii) the lawful maximum, if any, in effect from time to time for advances of the type, in the amount, for the purposes and otherwise of the kind herein contemplated. Such fee shall be computed on a daily basis starting on the date each Account is purchased through and including the date of receipt of good funds paying each Account in full. The fee shall be calculated on the basis of a 360-day year for the actual number of days elapsed.\n(a) If any Event of Default exists, the WFBC Discount may increase in an amount up to the Prime Rate plus 3.75 % per annum to be determined by WFBC at its sole discretion (but in no event shall such fee be more than the lawful maximum, if any, in effect from time to time for advances of the type, in the amount, for the purposes and otherwise of the kind herein contemplated).\n(b) WFBC may, upon prior written notice to Customer, change the amount of any fee or charge provided for herein at its sole discretion; provided, however, the Minimum Fee, Termination Fee and the Facility Fee will not be modified under this provision.", "samples": [{"hash": "ehBT385IyT6", "uri": "/contracts/ehBT385IyT6#wfbc-discount", "label": "Account Purchase Agreement (MPC Corp)", "score": 21.0, "published": true}, {"hash": "18ZETP2mgev", "uri": "/contracts/18ZETP2mgev#wfbc-discount", "label": "Account Purchase Agreement (MPC Corp)", "score": 21.0, "published": true}, {"hash": "l3mhjBgfFJZ", "uri": "/contracts/l3mhjBgfFJZ#wfbc-discount", "label": "Account Purchase Agreement (MPC Corp)", "score": 16.0, "published": true}], "hash": "1c112c5c3fbf17dc913fd5b6f8cb1cf3", "id": 1}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "purchased-account", "type": "definition", "offset": [28, 45]}, {"key": "related-rights", "type": "definition", "offset": [54, 68]}, {"key": "equal-to", "type": "definition", "offset": [101, 109]}, {"key": "lesser-of", "type": "definition", "offset": [114, 123]}, {"key": "sum-of", "type": "clause", "offset": [132, 138]}, {"key": "interest-rate", "type": "definition", "offset": [152, 165]}, {"key": "per-annum", "type": "clause", "offset": [260, 269]}, {"key": "in-effect", "type": "clause", "offset": [307, 316]}, {"key": "from-time-to-time", "type": "clause", "offset": [317, 334]}, {"key": "for-the-purposes", "type": "clause", "offset": [389, 405]}, {"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [453, 483]}, {"key": "continuation-of", "type": "clause", "offset": [488, 503]}, {"key": "event-of-termination", "type": "clause", "offset": [507, 527]}, {"key": "lesser-amount", "type": "clause", "offset": [801, 814]}, {"key": "sole-discretion", "type": "definition", "offset": [830, 845]}, {"key": "in-no-event-shall", "type": "clause", "offset": [865, 882]}, {"key": "basis-of", "type": "clause", "offset": [1112, 1120]}, {"key": "actual-number-of-days", "type": "clause", "offset": [1144, 1165]}, {"key": "cost-of-funds", "type": "clause", "offset": [1221, 1234]}, {"key": "for-any-reason", "type": "clause", "offset": [1245, 1259]}, {"key": "effective-upon", "type": "clause", "offset": [1282, 1296]}, {"key": "change-in", "type": "definition", "offset": [1308, 1317]}, {"key": "account-purchase-agreement", "type": "definition", "offset": [1368, 1394]}, {"key": "amended-and-restated", "type": "definition", "offset": [1405, 1425]}], "size": 10, "snippet": "means, with respect to each Purchased Account and the Related Rights with respect thereto, an amount equal to the lesser of (i) the sum of LIBOR, which interest rate shall change whenever LIBOR changes, plus six and seventeen hundredths of one percent (6.17%) per annum, or (ii) the lawful maximum, if any, in effect from time to time for advances to customers of the type, in the amount, for the purposes and otherwise of the kind herein contemplated. Upon the occurrence and during the continuation of an Event of Termination, with respect to each Purchased Account and the Related Rights with respect thereto, the WFBC Discount shall be equal to the sum of LIBOR, which interest rate shall change whenever LIBOR changes, plus nine and seventeen hundredths of one percent (9.17%) per annum, or such lesser amount as WFBC in its sole discretion may determine (but in no event shall such fee be more than the lawful maximum, if any, in effect from time to time for advances of the type, in the amount, for the purposes and otherwise of the kind herein contemplated). The WFBC Discount shall be calculated on the basis of a 360-day year for the actual number of days elapsed. WFBC may increase the WFBC Discount if WFBC\u2019s cost of funds increases for any reason. Such change shall be effective upon the actual change in WFBC\u2019s cost of funds.\u201d\n(b) Section 3.08(a) of the Account Purchase Agreement is hereby amended and restated to read in its entirety as follows:", "samples": [{"hash": "hTg2K766Y4W", "uri": "/contracts/hTg2K766Y4W#wfbc-discount", "label": "Account Purchase Agreement (Corporate Resource Services, Inc.)", "score": 22.4688569473, "published": true}, {"hash": "9gIgr4CtgFX", "uri": "/contracts/9gIgr4CtgFX#wfbc-discount", "label": "Account Purchase Agreement (Corporate Resource Services, Inc.)", "score": 22.4688569473, "published": true}, {"hash": "8tg28sSBhld", "uri": "/contracts/8tg28sSBhld#wfbc-discount", "label": "Account Purchase Agreement (Corporate Resource Services, Inc.)", "score": 22.4688569473, "published": true}], "hash": "78dcf26c28288dd3a967d71711e12950", "id": 2}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "purchased-account", "type": "definition", "offset": [28, 45]}, {"key": "related-rights", "type": "definition", "offset": [54, 68]}, {"key": "equal-to", "type": "definition", "offset": [101, 109]}, {"key": "lesser-of", "type": "definition", "offset": [114, 123]}, {"key": "sum-of", "type": "clause", "offset": [132, 138]}, {"key": "prime-rate", "type": "definition", "offset": [139, 149]}, {"key": "per-annum", "type": "clause", "offset": [195, 204]}, {"key": "in-effect", "type": "clause", "offset": [242, 251]}, {"key": "from-time-to-time", "type": "clause", "offset": [252, 269]}, {"key": "for-the-purposes", "type": "clause", "offset": [324, 340]}, {"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [388, 418]}, {"key": "continuation-of", "type": "clause", "offset": [423, 438]}, {"key": "event-of-termination", "type": "clause", "offset": [442, 462]}, {"key": "lesser-amount", "type": "clause", "offset": [671, 684]}, {"key": "sole-discretion", "type": "definition", "offset": [700, 715]}, {"key": "in-no-event-shall", "type": "clause", "offset": [735, 752]}, {"key": "basis-of", "type": "clause", "offset": [982, 990]}, {"key": "actual-number-of-days", "type": "clause", "offset": [1014, 1035]}, {"key": "cost-of-funds", "type": "clause", "offset": [1091, 1104]}, {"key": "for-any-reason", "type": "clause", "offset": [1115, 1129]}, {"key": "effective-upon", "type": "clause", "offset": [1152, 1166]}, {"key": "change-in", "type": "definition", "offset": [1178, 1187]}], "size": 4, "snippet": "means, with respect to each Purchased Account and the Related Rights with respect thereto, an amount equal to the lesser of (i) the sum of Prime Rate plus two and one half of one percent (2.50%) per annum, or (ii) the lawful maximum, if any, in effect from time to time for advances to customers of the type, in the amount, for the purposes and otherwise of the kind herein contemplated. Upon the occurrence and during the continuation of an Event of Termination, with respect to each Purchased Account and the Related Rights with respect thereto, the WFBC Discount shall be equal to the sum of Prime Rate plus five and one half of one percent (5.50%) per annum, or such lesser amount as WFBC in its sole discretion may determine (but in no event shall such fee be more than the lawful maximum, if any, in effect from time to time for advances of the type, in the amount, for the purposes and otherwise of the kind herein contemplated). The WFBC Discount shall be calculated on the basis of a 360-day year for the actual number of days elapsed. WFBC may increase the WFBC Discount if WFBC\u2019s cost of funds increases for any reason. Such change shall be effective upon the actual change in WFBC\u2019s cost of funds.", "samples": [{"hash": "ujbusQgsUu", "uri": "/contracts/ujbusQgsUu#wfbc-discount", "label": "Account Purchase Agreement (Corporate Resource Services, Inc.)", "score": 22.0841889117, "published": true}, {"hash": "6WfeBd7FoY8", "uri": "/contracts/6WfeBd7FoY8#wfbc-discount", "label": "Account Purchase Agreement (Corporate Resource Services, Inc.)", "score": 21.8432580424, "published": true}, {"hash": "iLBAIIJTfWg", "uri": "/contracts/iLBAIIJTfWg#wfbc-discount", "label": "Account Purchase Agreement (Corporate Resource Services, Inc.)", "score": 21.6652977413, "published": true}], "hash": "69c635ff7c28debabcae2f425e935c28", "id": 3}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "purchased-account", "type": "definition", "offset": [28, 45]}, {"key": "related-rights", "type": "definition", "offset": [54, 68]}, {"key": "equal-to", "type": "definition", "offset": [101, 109]}, {"key": "lesser-of", "type": "definition", "offset": [114, 123]}, {"key": "sum-of", "type": "clause", "offset": [132, 138]}, {"key": "interest-rate", "type": "definition", "offset": [152, 165]}, {"key": "per-annum", "type": "clause", "offset": [266, 275]}, {"key": "in-effect", "type": "clause", "offset": [313, 322]}, {"key": "from-time-to-time", "type": "clause", "offset": [323, 340]}, {"key": "for-the-purposes", "type": "clause", "offset": [395, 411]}, {"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [459, 489]}, {"key": "continuation-of", "type": "clause", "offset": [494, 509]}, {"key": "event-of-termination", "type": "clause", "offset": [513, 533]}, {"key": "lesser-amount", "type": "clause", "offset": [813, 826]}, {"key": "sole-discretion", "type": "definition", "offset": [842, 857]}, {"key": "in-no-event-shall", "type": "clause", "offset": [877, 894]}, {"key": "basis-of", "type": "clause", "offset": [1124, 1132]}, {"key": "actual-number-of-days", "type": "clause", "offset": [1156, 1177]}, {"key": "cost-of-funds", "type": "clause", "offset": [1233, 1246]}, {"key": "for-any-reason", "type": "clause", "offset": [1257, 1271]}, {"key": "effective-upon", "type": "clause", "offset": [1294, 1308]}, {"key": "change-in", "type": "definition", "offset": [1320, 1329]}, {"key": "account-purchase-agreement", "type": "definition", "offset": [1377, 1403]}, {"key": "amended-and-restated", "type": "definition", "offset": [1414, 1434]}], "size": 4, "snippet": "means, with respect to each Purchased Account and the Related Rights with respect thereto, an amount equal to the lesser of (i) the sum of LIBOR, which interest rate shall change whenever LIBOR changes, plus five and fifty-five one hundredths of one percent (5.55%) per annum, or (ii) the lawful maximum, if any, in effect from time to time for advances to customers of the type, in the amount, for the purposes and otherwise of the kind herein contemplated. Upon the occurrence and during the continuation of an Event of Termination, with respect to each Purchased Account and the Related Rights with respect thereto, the WFBC Discount shall be equal to the sum of LIBOR, which interest rate shall change whenever LIBOR changes, plus eight and fifty-five one hundredths of one percent (8.55%) per annum, or such lesser amount as WFBC in its sole discretion may determine (but in no event shall such fee be more than the lawful maximum, if any, in effect from time to time for advances of the type, in the amount, for the purposes and otherwise of the kind herein contemplated). The WFBC Discount shall be calculated on the basis of a 360-day year for the actual number of days elapsed. WFBC may increase the WFBC Discount if WFBC\u2019s cost of funds increases for any reason. Such change shall be effective upon the actual change in WFBC\u2019s cost of funds.\u201d\n(b) Section 2.56 of the Account Purchase Agreement is hereby amended and restated to read in its entirety as follows:", "samples": [{"hash": "bop4NDz4skB", "uri": "/contracts/bop4NDz4skB#wfbc-discount", "label": "Account Purchase Agreement (Corporate Resource Services, Inc.)", "score": 21.3080082136, "published": true}, {"hash": "9bPx7hpNpGq", "uri": "/contracts/9bPx7hpNpGq#wfbc-discount", "label": "Account Purchase Agreement (Corporate Resource Services, Inc.)", "score": 21.3080082136, "published": true}], "hash": "dd3806c701889054d2b982103750566a", "id": 4}, {"snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "purchased-account", "type": "definition", "offset": [28, 45]}, {"key": "related-rights", "type": "definition", "offset": [54, 68]}, {"key": "equal-to", "type": "definition", "offset": [101, 109]}, {"key": "lesser-of", "type": "definition", "offset": [114, 123]}, {"key": "sum-of", "type": "clause", "offset": [132, 138]}, {"key": "interest-rate", "type": "definition", "offset": [152, 165]}, {"key": "per-annum", "type": "clause", "offset": [253, 262]}, {"key": "in-effect", "type": "clause", "offset": [300, 309]}, {"key": "from-time-to-time", "type": "clause", "offset": [310, 327]}, {"key": "for-the-purposes", "type": "clause", "offset": [382, 398]}, {"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [446, 476]}, {"key": "continuation-of", "type": "clause", "offset": [481, 496]}, {"key": "event-of-termination", "type": "clause", "offset": [500, 520]}, {"key": "lesser-amount", "type": "clause", "offset": [787, 800]}, {"key": "sole-discretion", "type": "definition", "offset": [816, 831]}, {"key": "in-no-event-shall", "type": "clause", "offset": [851, 868]}, {"key": "basis-of", "type": "clause", "offset": [1098, 1106]}, {"key": "actual-number-of-days", "type": "clause", "offset": [1130, 1151]}, {"key": "cost-of-funds", "type": "clause", "offset": [1207, 1220]}, {"key": "for-any-reason", "type": "clause", "offset": [1231, 1245]}, {"key": "effective-upon", "type": "clause", "offset": [1268, 1282]}, {"key": "change-in", "type": "definition", "offset": [1294, 1303]}], "size": 3, "snippet": "means, with respect to each Purchased Account and the Related Rights with respect thereto, an amount equal to the lesser of (i) the sum of LIBOR, which interest rate shall change whenever LIBOR changes, plus five and three tenths of one percent (5.30%) per annum, or (ii) the lawful maximum, if any, in effect from time to time for advances to customers of the type, in the amount, for the purposes and otherwise of the kind herein contemplated. Upon the occurrence and during the continuation of an Event of Termination, with respect to each Purchased Account and the Related Rights with respect thereto, the WFBC Discount shall be equal to the sum of LIBOR, which interest rate shall change whenever LIBOR changes, plus eight and three tenths of one percent (8.30%) per annum, or such lesser amount as WFBC in its sole discretion may determine (but in no event shall such fee be more than the lawful maximum, if any, in effect from time to time for advances of the type, in the amount, for the purposes and otherwise of the kind herein contemplated). The WFBC Discount shall be calculated on the basis of a 360-day year for the actual number of days elapsed. WFBC may increase the WFBC Discount if WFBC\u2019s cost of funds increases for any reason. Such change shall be effective upon the actual change in WFBC\u2019s cost of funds.", "samples": [{"hash": "4dW14JblDjE", "uri": "/contracts/4dW14JblDjE#wfbc-discount", "label": "Account Purchase Agreement (Corporate Resource Services, Inc.)", "score": 22.8973305955, "published": true}], "hash": "83970ce689c7f59b51fac873046a9301", "id": 5}, {"snippet_links": [{"key": "settlement-period", "type": "definition", "offset": [15, 32]}, {"key": "the-product", "type": "clause", "offset": [34, 45]}, {"key": "sum-of", "type": "clause", "offset": [57, 63]}, {"key": "in-effect", "type": "clause", "offset": [74, 83]}, {"key": "day-of", "type": "clause", "offset": [100, 106]}, {"key": "basis-points", "type": "clause", "offset": [144, 156]}, {"key": "days-in", "type": "definition", "offset": [210, 217]}, {"key": "divided-by", "type": "clause", "offset": [241, 251]}], "size": 3, "snippet": "means, for any Settlement Period, the product of (a) the sum of (i) LIBOR in effect as of the first day of such Settlement Period plus (ii) 275 basis points, multiplied by (b) the quotient of (i) the number of days in such Settlement Period divided by (ii) 360.", "samples": [{"hash": "4dZh5qUhh67", "uri": "/contracts/4dZh5qUhh67#wfbc-discount", "label": "Account Purchase Agreement (Martin Marietta Materials Inc)", "score": 21.0, "published": true}], "hash": "954ac06d48fd8fd045a5ef2a3f8f2bac", "id": 6}, {"snippet_links": [{"key": "equal-to", "type": "definition", "offset": [9, 17]}, {"key": "face-amount", "type": "definition", "offset": [30, 41]}, {"key": "the-account", "type": "clause", "offset": [142, 153]}, {"key": "lesser-of", "type": "definition", "offset": [164, 173]}, {"key": "sum-of", "type": "clause", "offset": [182, 188]}, {"key": "the-prime-rate", "type": "definition", "offset": [189, 203]}, {"key": "per-annum", "type": "clause", "offset": [215, 224]}, {"key": "notification-to", "type": "clause", "offset": [360, 375]}, {"key": "in-effect", "type": "clause", "offset": [662, 671]}, {"key": "from-time-to-time", "type": "clause", "offset": [672, 689]}, {"key": "for-the-purposes", "type": "clause", "offset": [744, 760]}, {"key": "daily-basis", "type": "definition", "offset": [840, 851]}, {"key": "receipt-of", "type": "clause", "offset": [910, 920]}, {"key": "good-funds", "type": "clause", "offset": [921, 931]}, {"key": "the-fee", "type": "clause", "offset": [961, 968]}, {"key": "basis-of", "type": "clause", "offset": [996, 1004]}, {"key": "actual-number-of-days", "type": "clause", "offset": [1028, 1049]}, {"key": "event-of-default-exists", "type": "clause", "offset": [1070, 1093]}, {"key": "to-be-determined", "type": "definition", "offset": [1139, 1155]}, {"key": "sole-discretion", "type": "definition", "offset": [1171, 1186]}, {"key": "in-no-event-shall", "type": "clause", "offset": [1192, 1209]}], "size": 1, "snippet": "shall be equal to 0.0% of the face amount of each Account purchased by WFBC together with a fee which shall be equal to of the face amount of the Account times the lesser of (i) the sum of the Prime Rate, plus 2.0% per annum, or (ii) if purchased volume should exceed $5,000,000 through a two-month period then WFBC will adjust the WFBC Discount, upon written notification to WFBC, to: the sum of Prime Rate, plus 1,75% per annum, or (iii) if purchased volume should exceed $10,000,000 through a two-month period then WFBC will adjust the WFBC Discount, upon written notification to WFBC, to: Prime Rate, plus 1.5% per annum, or (iv) the lawful maximum, if any, in effect from time to time for advances to borrowers of the type, in the amount, for the purposes and otherwise of the kind herein contemplated. Such fee shall be computed on a daily basis from the date each Account is purchased until the date of receipt of good funds paying each Account in full. The fee shall be calculated on the basis of a 360-day year for the actual number of days elapsed.\n(a) If any Event of Default exists, the WFBC Discount may increase in an amount to be determined by WFBC at its sole discretion (but in no event shall such fee be more than the lawful maximum, if any, in effect from time to time for advances of the type, in the amount, for the purposes and otherwise of the kind herein contemplated).", "samples": [{"hash": "37Y4KIqdf1c", "uri": "/contracts/37Y4KIqdf1c#wfbc-discount", "label": "Account Purchase Agreement (Mti Technology Corp)", "score": 18.0, "published": true}], "hash": "879c583db686a83a8b9954bc04a4aaa3", "id": 7}, {"snippet_links": [{"key": "equal-to", "type": "definition", "offset": [70, 78]}, {"key": "advanced-amount", "type": "definition", "offset": [83, 98]}, {"key": "the-account", "type": "clause", "offset": [102, 113]}, {"key": "lesser-of", "type": "definition", "offset": [132, 141]}, {"key": "the-rate", "type": "clause", "offset": [146, 154]}, {"key": "london-interbank-offered-rate", "type": "clause", "offset": [212, 241]}, {"key": "in-effect", "type": "clause", "offset": [335, 344]}, {"key": "from-time-to-time", "type": "clause", "offset": [345, 362]}, {"key": "for-the-purposes", "type": "clause", "offset": [404, 420]}, {"key": "in-no-event-shall", "type": "clause", "offset": [468, 485]}, {"key": "daily-basis", "type": "definition", "offset": [575, 586]}, {"key": "beginning-on-the", "type": "clause", "offset": [587, 603]}, {"key": "the-advance", "type": "clause", "offset": [612, 623]}, {"key": "purchased-account", "type": "definition", "offset": [630, 647]}, {"key": "days-after", "type": "definition", "offset": [680, 690]}, {"key": "receipt-of", "type": "clause", "offset": [703, 713]}, {"key": "good-funds", "type": "clause", "offset": [714, 724]}, {"key": "increase-or-decrease", "type": "clause", "offset": [758, 778]}, {"key": "effective-as-of-the", "type": "clause", "offset": [806, 825]}, {"key": "next-business-day", "type": "definition", "offset": [826, 843]}, {"key": "adjusted-libor-rate", "type": "definition", "offset": [879, 898]}, {"key": "applicable-libor-rate", "type": "definition", "offset": [912, 933]}, {"key": "fee-payable", "type": "clause", "offset": [953, 964]}, {"key": "basis-of", "type": "clause", "offset": [1011, 1019]}, {"key": "actual-number-of-days", "type": "clause", "offset": [1069, 1090]}, {"key": "personnel-services", "type": "clause", "offset": [1106, 1124]}, {"key": "general-employment", "type": "clause", "offset": [1147, 1165]}, {"key": "account-purchase-agreement", "type": "definition", "offset": [1184, 1210]}, {"key": "december-2010", "type": "clause", "offset": [1211, 1224]}, {"key": "all-accounts", "type": "clause", "offset": [1275, 1287]}, {"key": "day-of", "type": "clause", "offset": [1318, 1324]}, {"key": "additional-discount", "type": "definition", "offset": [1386, 1405]}, {"key": "gross-face-amount", "type": "definition", "offset": [1419, 1436]}, {"key": "based-on", "type": "clause", "offset": [1472, 1480]}, {"key": "days-outstanding", "type": "definition", "offset": [1485, 1501]}, {"key": "inclusive-of", "type": "clause", "offset": [1502, 1514]}, {"key": "invoice-date", "type": "clause", "offset": [1519, 1531]}, {"key": "applicable-discount", "type": "definition", "offset": [1594, 1613]}, {"key": "according-to", "type": "definition", "offset": [1614, 1626]}, {"key": "incremental-rate", "type": "definition", "offset": [1656, 1672]}], "size": 1, "snippet": "The WFBC Discount shall be charged together with a fee which shall be equal to the advanced amount of the Account multiplied by the lesser of (i) the rate designated by \u2587\u2587\u2587\u2587\u2587 Fargo Bank, N.A. as the three month \u201cLondon interbank offered rate, or Libor\u201d plus 5.25% (the \u201cLibor Rate\u201d) plus the Margin or (ii) the lawful maximum, if any, in effect from time to time for advances of the type, in the amount, for the purposes and otherwise of the kind herein contemplated. In no event shall such Libor be less than one-half of one percent (0.50%). Such fee shall be computed on a daily basis beginning on the date of the advance for a purchased Account through and including three (3) days after the date of receipt of good funds paying each Account in full. Any increase or decrease in the Libor Rate shall be effective as of the next business day following such adjustment and such adjusted Libor Rate shall be the applicable Libor Rate in determining the fee payable hereunder. The fee shall be calculated on the basis of a three hundred and sixty (360) day year for the actual number of days elapsed. Triad Personnel Services, Inc., BMPS, Inc. and General Employment Enterprises, Inc. Account Purchase Agreement December 2010 - 3 - 2.20 (ii) \u201cWFBC Discount\u201d Additionally, for all Accounts outstanding over 60 days from day of invoice (as days are calculated below) WFBC shall be paid an additional discount equal to the gross face amount of each Account purchased by WFBC, based on the days outstanding inclusive of the invoice date indicated on the Account and the date paid, multiplied by the applicable discount according to the following schedule: DAYS INCREMENTAL RATE 0-60 .0% 61-90 .50%", "samples": [{"hash": "ko9iyKYYDX8", "uri": "/contracts/ko9iyKYYDX8#wfbc-discount", "label": "Account Purchase Agreement", "score": 30.340862423, "published": true}], "hash": "9d6560d48e16548cf5a9606e51f3d38d", "id": 8}, {"snippet_links": [{"key": "settlement-period", "type": "definition", "offset": [15, 32]}, {"key": "the-product", "type": "clause", "offset": [34, 45]}, {"key": "sum-of", "type": "clause", "offset": [57, 63]}, {"key": "in-effect", "type": "clause", "offset": [74, 83]}, {"key": "day-of", "type": "clause", "offset": [100, 106]}], "size": 1, "snippet": "means, for any Settlement Period, the product of (a) the sum of (i) LIBOR in effect as of the first day of such Settlement Period plus", "samples": [{"hash": "2n5AEFSoxO3", "uri": "https://ir.martinmarietta.com/static-files/b608f6a7-3675-4703-bbde-8af04332b786", "label": "ir.martinmarietta.com", "score": 9.9637234771, "published": false}], "hash": "6a76ad5edb74c6d172d32aa853fd05e3", "id": 9}, {"snippet_links": [{"key": "amount-to-be-paid", "type": "clause", "offset": [10, 27]}, {"key": "by-the-customer", "type": "clause", "offset": [28, 43]}, {"key": "according-to", "type": "definition", "offset": [44, 56]}], "size": 1, "snippet": "means the amount to be paid by the Customer according to the following schedule:", "samples": [{"hash": "iYV9Q3yCorx", "uri": "/contracts/iYV9Q3yCorx#wfbc-discount", "label": "Account Purchase Agreement (Simtek Corp)", "score": 18.0, "published": true}], "hash": "809dfe6d841726eded03d2a684858124", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIWd2ZiYy1kaXNjb3VudCMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "WFBC Discount", "size": 44, "snippet": "shall be a fee which shall be equal to the lesser of the gross face amount of the Account multiplied by (i) the sum of the Prime Rate, plus 0.75% per annum, or (ii) the lawful maximum, if any, in effect from time to time for advances of the type, in the amount, for the purposes and otherwise of the kind herein contemplated. Such fee shall be computed on a daily basis starting on the date each Account is purchased through and including the date of receipt of good funds paying each Account in full. The fee shall be calculated on the basis of a 360-day year for the actual number of days elapsed.\n(a) If any Event of Default exists, the WFBC Discount may increase in an amount up to the Prime Rate plus 3.75 % per annum to be determined by WFBC at its sole discretion (but in no event shall such fee be more than the lawful maximum, if any, in effect from time to time for advances of the type, in the amount, for the purposes and otherwise of the kind herein contemplated).\n(b) WFBC may, upon prior written notice to Customer, change the amount of any fee or charge provided for herein at its sole discretion; provided, however, the Minimum Fee, Termination Fee and the Facility Fee will not be modified under this provision.", "id": "wfbc-discount", "examples": ["The Customer shall pay WFBC a fully earned fee equal to the product of the <strong>WFBC Discount</strong> multiplied by the aggregate Outstanding Balance of the Purchased Accounts (the \u201c<strong>WFBC Discount</strong> Fee\u201d).", "The <strong>WFBC Discount</strong> Fee shall accrue daily and shall be due and payable in arrears on the first day of each month and on the Final Termination Date.", "The <strong>WFBC Discount</strong> Fee shall accrue daily and shall be due and payable in arrears on the last day of each month and on the Final Termination Date.", "Customer shall pay a Minimum Fee per month during the Term (and any renewals hereof) in the amount calculated as follows: The difference, if any, between (i) the amount of the <strong>WFBC Discount</strong> that would be paid on average outstanding advances in the amount of $750,000.00 per month and (ii) the <strong>WFBC Discount</strong> paid on actual advances made that month to Customer and the fee or <strong>WFBC Discount</strong>, as the case may be, such Minimum Fee to be paid by the fifteenth (15th) day of the next calendar month.", "Under the Receivables Financing System, WFBC will implement modifications to certain accounting methods and operational procedures for various matters, including, without limitation, matters pertaining to the payment of the purchase price for Acceptable Accounts, the application of the proceeds of Acceptable Accounts, the accounting of the Collected Reserve Account and the calculation of the <strong>WFBC Discount</strong>.", "Notwithstanding anything to the contrary set forth in the Account Purchase Agreement or in any other Document, from and after the Amendment Effective Date, the <strong>WFBC Discount</strong> shall be calculated daily based upon the aggregate outstanding Acceptable Accounts minus the Available Amount, if any, on such day.", "The Customer shall pay WFBC a fully earned <strong>WFBC Discount</strong> fee (the \u201c<strong>WFBC Discount</strong> Fee\u201d) which shall be due and payable in arrears on each Settlement Date and on the Final Termination Date, shall accrue daily and shall be equal to the product of the <strong>WFBC Discount</strong> multiplied by the Purchased Amount as of the last day of the applicable Settlement Period."], "related": [["applicable-discount", "Applicable Discount", "Applicable Discount"], ["solicited-discounted-prepayment-amount", "Solicited Discounted Prepayment Amount", "Solicited Discounted Prepayment Amount"], ["sp-discount-factor", "S&P Discount Factor", "S&amp;P Discount Factor"], ["specified-discount", "Specified Discount", "Specified Discount"], ["proposed-discounted-prepayment-amount", "Proposed Discounted Prepayment Amount", "Proposed Discounted Prepayment Amount"]], "related_snippets": [], "updated": "2025-07-07T00:35:48+00:00"}, "json": true, "cursor": ""}}