Factoring Fee Sample Clauses
A Factoring Fee clause defines the charges that a seller must pay to a factor (a financial institution) for purchasing or advancing funds against the seller’s receivables. Typically, this fee is calculated as a percentage of the invoice value and may vary depending on the payment terms or the creditworthiness of the debtor. The clause ensures that both parties understand the cost structure associated with the factoring arrangement, thereby providing transparency and helping to avoid disputes over payment expectations.
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Factoring Fee. For each Purchased Receivable, Seller shall pay to Buyer a factoring fee (Factoring Fee) equal to the sum of: (a) an amount equal to the Factoring Fee Percentage multiplied by the face value of the Purchased Receivable; and (b) if the Purchased Receivable is not paid in full within thirty (30) days from the date it is first purchase by Buyer, for each fifteen (15) day period or partial fifteen day period thereafter, an amount equal to the Additional Fee Percentage multiplied by the face value of the Purchased Receivable, until it is paid in full, repurchased by Seller or written off by Buyer. Notwithstanding the preceding, if the Factoring Fee is less than the Minimum Factoring Fee, then Seller shall pay to Buyer the Minimum Factoring Fee in place of the Factoring Fee for said Purchased Receivable.
Factoring Fee. The Factoring Fee, for each Factoring Fee Period, computed from the end of the Initial Factoring Fee Period and (i) until the Late Payment Date or (ii) the date on which a Purchased Account is Closed, whichever is earliest.
Factoring Fee. As remuneration for the factoring service, a fee shall be deducted, calculated on the amount of the subrogated receivables, assets and payments for which NATIXIS FACTOR assumes responsibility, for any assigned customer receivable that is not transferred. Said fee shall be set in accordance with the terms laid down in the special terms and conditions.
Factoring Fee. Seller shall pay to Buyer upon purchase of Receivables by Buyer, a Factoring Fee (“Factoring Fee”), calculated by taking one and eight-tenths of one percent (1.80%) of the gross face value of a Purchased Receivable for the first thirty (30) day period from the date said Purchased Receivable is first purchased by Buyer, and a Factoring Fee of sixty-five hundredths of one percent (0.65%) per ten (10) days thereafter (“Fee Period”) until the date said Purchased Receivable is paid in full or otherwise repurchased by Seller or otherwise written off by Buyer within the Write Off Period.
3.5.1 Seller and Buyer acknowledge and agree that the sale of accounts contemplated and covered hereby are fully intended by the parties hereto as true sales governed by the provisions of Section 306.103 of the Texas Finance Code and Section 9.109(c) of the Texas Business and Commerce Code, as each may be amended from time to time, and, accordingly, legal and equitable title in all of Seller’s accounts sold to and purchased by Buyer from time to time hereunder will pass to Buyer.
Factoring Fee. The Factoring Fee on the date on which a Purchased Account is Closed.
Factoring Fee. Seller shall pay to Buyer upon purchase of Receivables by Buyer, a Factoring Fee (“Factoring Fee”), calculated by taking forty five hundredths of one percent (0.45%) of the gross face value of a Purchased Receivable for the first thirty (30) day period from the date said Purchased Receivable is first purchased by Buyer, and a Factoring Fee of one quarter of one percent (0.25%) per fifteen (15) days thereafter (“Fee Period”) until the date said Purchased Receivable is paid in full or otherwise repurchased by Seller or otherwise written off by Buyer within the Write Off Period.
Factoring Fee. Riviera shall withhold a Fee Deposit of Five Percent (5.0%) from the face value of each Account. From the fee deposit, Client agrees to pay to Riviera a Factoring Fee equal to the sum of (1) Two and Five Tenths of One Percent (2.5%) of the face value of each Account and (2) One Percent (1.0%) of the face value of each Account for every Ten (10) day period, or portion thereof, that an Account remains unpaid to Riviera beyond Thirty (30) days. The Factoring Fee shall not exceed the Fee Deposit of each Account. CLIENT agrees to pay to RIVIERA a minimum fee on the first funding equal to $150.00.
Factoring Fee. The fee that Party A have the right to charge Party B for providing Party B with financing and other services under the specifications of this Contract.
Factoring Fee. 6.1 For the consultation, investigation and other services provided to the Transferee before the signing of this Contract, the Transferor agrees to pay the service charge to the Transferee in accordance with the payment method and rate agreed in the Confirmation of Factoring Business.
6.2 The Transferor agrees to pay the factoring financing expenses to the Transferee in accordance with the charging method and rate agreed in the Confirmation of Factoring Business. The currency of factoring financing expenses is RMB, and the charging period shall be from the date when the Transferee pays the factoring financing funds to the maturity date of factoring financing. The charging methods of factoring financing expenses shall be divided into pre charging, monthly/quarterly charging and post charging. The specific charging methods and rates will be stipulated in the Confirmation of Factoring Business.
6.2.1 Pre charging: the Transferor shall pay the factoring financing expenses to the Transferee at the latest on the 3rd working day after the receipt of the factoring financing funds;
6.2.2 Monthly/quarterly charging, that is, the Transferor shall pay the expenses on each pay day from the last pay day (the first payment shall be subject to the starting date of the whole charging period) (including) to that pay day (excluding). In case of monthly payment, the 21st day of each calendar month shall be the pay day; in case of quarterly payment, the 21st day of March, June, September and December shall be the pay day, but the last pay day shall be the expiration day of the whole charging period. If the pay day falls on a non-working day, it shall be advanced to the previous working day. In case of other clear stipulations in other conditions of this Contract, such stipulation shall be followed.
6.2.3 Post charging, it is the way in which the Transferor pays the Transferee on the maturity date of factoring financing.
6.3 If the Transferee agrees to grant the grace period, the financing expenses within the grace period shall be calculated and collected according to the rate of the grace period; if the Transferee still does not receive all collection payments and/or repurchase prices of receivables upon the expiration of the grace period, the Transferor shall pay the liquidated damages to the Transferee in accordance with the provisions hereof.
Factoring Fee. Seller shall pay to Buyer upon purchase of Receivables by Buyer, a Factoring Fee ("Factoring Fee"), calculated by taking the gross face value of a Purchased Receivable and multiplying it by ONE TENTH OF ONE percent (.01%).