Confirmation Commission Clause Samples
The Confirmation Commission clause defines the fee or commission payable to a party, typically a bank or intermediary, for confirming a financial instrument such as a letter of credit. This clause outlines the amount, calculation method, and timing of the commission payment, and may specify whether the commission is a flat fee or a percentage of the transaction value. Its core practical function is to ensure that the confirming party is compensated for the risk and administrative work involved in guaranteeing payment, thereby facilitating trust and smooth execution in international trade or finance transactions.
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Confirmation Commission. Crédit Agricole Leasing 8i Factoring and the Client agree to the application of a confirmation commission the terms of which are subject to a separate agreement (Appendix 12).
Confirmation Commission. In exchange for all Factoring Agreements concluded with the ▇▇▇▇▇ Companies and in application of the minimal duration of three years stipulated in the Factoring Agreement — outside the scope of E-PASS and the Factoring Agreement — within the scope of E-PASS, CREDIT AGRICOLE LEASING & FACTORING will collect each year, for the first time on the date of transfer of the first receivables submission, and on the subsequent two anniversary dates of that submission date, a Group Confirmation Commission equal to 0.10% of the above-mentioned financing cap. The parties agree that the confirmation commission will be collected according to the following procedures: · For an amount of 4,000 euros ex-VAT - from the current account of the following Clients: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ GmbH, ▇▇▇▇▇ Poland sp zoo, ▇▇▇▇▇ Warsaw sp zoo, ▇▇▇▇▇ UK Ltd, ▇▇▇▇▇ Tubes Italy SpA, ▇▇▇▇▇ Alkmaar BV, ▇▇▇▇▇ HPC sp zoo, ▇▇▇▇▇ Lacrost SAS and Société Française de Galvanoplastie SAS. · For an amount of 10,000 euros ex-VAT- from the current account of the following Clients ▇▇▇▇▇ Beauty Solutions Europe SAS, ▇▇▇▇▇ Cosmetics France SAS and ▇▇▇▇▇ Cosmetics Italy SpA. · For an amount of 15,000 euros ex-VAT - from the current account of the following Clients ▇▇▇▇▇ le Tréport SAS, ▇▇▇▇▇ Tubes France SAS. The Clients may, if they wish, to pay the Conformation Commission directly to CREDIT AGRICOLE LEASING & FACTORING.