Discount Fee the Discount Fee, payable in consideration of the rendering of the Credit and Collection Services, which will be deducted from the Purchase Price.
Discount Fee. As used herein, with respect to any Assigned Account, “Discount Fee” means a percentage of the gross amount of the applicable Advance Payment based on the number of days elapsing from and including the date of our acceptance of the Account to and including the date on which we shall have collected the Account in full in good funds, all as set forth more particularly in the table immediately below, provided that in no event shall the Discount Fee be less than twenty-five dollars ($25.00)
Discount Fee. The Seller agrees to pay SCTSC a discount fee (the "Discount Fee") on (i) the outstanding Qualified Receivable(s) purchased and (ii) the Additional Purchase, in each case calculated at the applicable LIBOR (defined below) plus the Applicable Margin. As used herein, "Applicable Margin" shall mean, if the Maturity Date is on the Initial Maturity Date, three percent (3.0%) per annum, and if the Maturity Date is extended pursuant to Section 8.C below, seven percent (7.0%) per annum. As used herein, "Initial Maturity Date" shall the date which is six (6) calendar months after the Effective Date. The Discount Fee due by the Seller to SCTSC shall be calculated as follows: (x) with respect to the outstanding Qualified Receivable(s) purchased, on the aggregate Purchase Price of the Qualified Receivable(s) purchased by SCTSC from the date payment was made to the Seller to the Invoice Due Date, and (y) with respect to the Additional Purchase, on the stated amount of the applicable Letters of Credit, in each case calculated on the basis of a 360 day year and paid on the actual number of days elapsed. SCTSC will deduct the applicable Discount Fee from its payment due to the Seller, plus any and all other fees and incidental expenses incurred or anticipated by SCTSC (including, without limitation, legal and other fees) in obtaining payment from the Buyer. The Discount Fee as specified above will apply until (A) the Invoice Due Date for the Qualified Receivable(s) purchased and (B) the expiry date for the Letters of Credit supporting the Additional Purchases, as applicable. LIBOR is defined as the rate per annum at which deposits in US Dollars for the period comparable to the period from the date SCTSC is to make payment to the Seller to the date payment is due to SCTSC from the Buyer are offered to SCTSC by the Bank, as quoted at 11:00 a.m. New York time, for value two (2) Business Days (as defined herein) prior to the date when payment is made by SCTSC to the Seller, provided, however, that if the Bank cannot offer SCTSC a LIBOR rate calculated as set forth above, the Seller agrees that the LIBOR rate shall be defined as such other rate as the Bank shall determine as its cost of funds. As used herein, "Business Day" shall mean a day on which SCTSC and commercial banks are open for business in New York, New York.
Discount Fee. As used herein, with respect to any Assigned Account, "Discount Fee" means a percentage of the net face value of the Account based on the number of days elapsing from and including the date of our acceptance of the Account to and including the date on which we shall have collected the Account in full in good funds, all as set forth more particularly in the table immediately below, provided that in no event shall the Discount Fee be less then twenty-five dollars ($25.00). ============================================ Days Elapsed Discount Fee
Discount Fee. Seller shall pay the Discount Fee equal to 1.00% of each Accepted P.O., payable upon each such P.O. Advance and chargeable against any such Advance.
Discount Fee. The amount determined by multiplying the prime rate as announced by Nations Bank or a bank approved by PFS VI from time to time plus four percent per annum times the Outstanding Purchase Amount calculated in advance and due and payable at each closing and reconciled quarterly based on the average daily balance
Discount Fee. The term "Discount Fee" means the fixed percentage charge that you agree to pay us from the Receivables purchased by us pursuant to this Agreement. The Discount fee will be deducted from the Face Amount of the Receivables purchased. Subject to the limitations set forth in Section 6.2 of this Agreement, we may amend the Discount Fee from time to time upon written notice to you based upon considerations of transaction volume, delinquency, current economic conditions, and other factors described herein. Initially, and except as otherwise provided the Discount Fee will be equal to the following % of the Receivables purchased by us: DISCOUNT FEE: DISCOUNTFEE% BANK INITIALS _____ MERCHANT INITIALS __________.