Collateral Handling Fee. On each Reconciliation Day, Seller will pay to Buyer a collateral handling fee, equal to .50% per month of the average daily Account Balance outstanding during the applicable Reconciliation Period. Buyer shall deduct the Collateral Handling Fee from the Reserve as set forth in Section 3.5 below.
Appears in 2 contracts
Samples: Accounts Receivable Purchase Agreement (Aml Communications Inc), Accounts Receivable Purchase Agreement (Starbase Corp)
Collateral Handling Fee. On each Reconciliation DayDate, Seller will pay to Buyer a collateral handling fee, equal to .50% .25 (%) percent per month of the average daily Account Balance outstanding during the applicable Reconciliation PeriodPeriod (the "Collateral Handling Fee"). Buyer shall deduct the Collateral Handling Fee from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Samples: Accounts Receivable Purchase Agreement (Voxware Inc)
Collateral Handling Fee. On each Reconciliation DayDate, Seller will pay to Buyer a collateral handling fee, equal to .50% per month of the average daily Account Balance outstanding during the applicable Reconciliation Period. Buyer shall deduct the Collateral Handling Fee from the Reserve as set forth in Section 3.5 below. Notwithstanding the foregoing, on each Reconciliation Date, Seller shall pay to Buyer a minimum $750.00 Finance Charge. Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Samples: Accounts Receivable Purchase Agreement (Superconductor Technologies Inc)
Collateral Handling Fee. On each Reconciliation Day, Date Seller will shall pay to Buyer a collateral handling fee, fee equal to .50% three-sixteenths of one percent (0.1875%) per month of the average daily Account Balance outstanding during the applicable Reconciliation PeriodPeriod (the "Collateral Handling Fee"). Buyer shall deduct the Collateral Handling Fee from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Samples: Accounts Receivable Purchase Agreement (Nstor Technologies Inc)
Collateral Handling Fee. On each Reconciliation Day, Date Seller will shall pay to Buyer a collateral handling feeCollateral Handling Fee, equal to .50% .50 (%) percent per month of the average daily Account Balance outstanding during the applicable Reconciliation PeriodPeriod (the “Collateral Handling Fee”). Buyer shall deduct the Collateral Handling Fee from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Samples: Accounts Receivable Purchase Agreement (Egain Communications Corp)
