Common use of Discount Fee Clause in Contracts

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) 1-30 1.4% Over 30 0.70 % for each period of 15 days or any portion thereof

Discount Fee. As used herein, with respect to any Assigned Account, “Discount Fee” means a percentage of the gross amount net face value of the applicable Advance Payment 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 than then twenty-five dollars ($25.00) ). 1-30 1.40.75% 31-60 1.50% 61-75 1.95% 76-90 2.40% Over 30 0.70 90 0.45% for each period of 15 days (or any portion thereof) elapsing until collection