Common use of Collection Agent Fee Clause in Contracts

Collection Agent Fee. The Purchaser shall pay to the Collection Agent, so long as it is acting as the Collection Agent hereunder, a periodic collection fee (the "COLLECTION AGENT FEE") of 0.25% per annum on the average daily aggregate Outstanding Balance of the Transferred Receivables, payable on the tenth day of each month (or, if such day is not a Business Day, the immediately succeeding Business Day) or such other day during each calendar month as the Purchaser and the Collection Agent shall agree.

Appears in 1 contract

Sources: Purchase and Contribution Agreement (Ferro Corp)

Collection Agent Fee. The Purchaser shall pay to the Collection Agent, so long as it is acting as the Collection Agent hereunder, a periodic collection fee (the "COLLECTION AGENT FEECollection Agent Fee") of 0.250.75% per annum on the average daily aggregate Outstanding Balance of the Transferred Receivables, payable on the tenth 15th day of each month (or, if such day is not a Business Day, the immediately succeeding Business Day) or such other day during each calendar month as the Purchaser and the Collection Agent shall agree.

Appears in 1 contract

Sources: Purchase and Contribution Agreement (Ck Witco Corp)

Collection Agent Fee. The Purchaser shall pay to the Collection Agent, so long as it is acting as the Collection Agent hereunder, a periodic collection fee (the "COLLECTION AGENT FEE") of 0.250.5% per annum on the average daily aggregate Outstanding Balance of the Transferred Receivables, payable on the tenth day of each month fourth Settlement Date (or, if such day is not a Business Day, the immediately succeeding Business Day) or such other day during each calendar month as the Purchaser and the Collection Agent shall agree.

Appears in 1 contract

Sources: Purchase and Contribution Agreement (Personal Care Holdings Inc)

Collection Agent Fee. The Purchaser shall pay to the Collection Agent, so long as it is acting as the Collection Agent hereunder, a periodic collection fee (the "COLLECTION AGENT FEECollection Agent Fee") of 0.250.50% per annum on the average daily aggregate Outstanding Balance of the Transferred Receivables, payable on the tenth twentieth day of each month (or, if such day is not a Business Day, the immediately succeeding Business Day) or such other day during each calendar month as the Purchaser and the Collection Agent shall agree.

Appears in 1 contract

Sources: Purchase and Contribution Agreement (Lexmark International Inc /Ky/)