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. Seller shall pay to Buyer upon purchase of Receivables by Buyer, a Factoring Fee (“Factoring Fee”), calculated by taking nine tenths of one percent (0.90%) 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 three tenths of one percent (0.30%) 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.
Factoring Fee. The Factoring Fees will begin to accrue on the sixteenth (16th) day following the Purchase Date and will be due and payable from Seller to Purchaser on the date the Purchased Account is closed.
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. 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. 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. 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. On each Reconciliation Date, client shall pay to Factor a factoring fee of (“Factoring Fee(s)”).
Factoring Fee. Factoring commission (excluding tax): 0,08 % of the amount (including tax) of the assigned invoices. Considering the specific Factoring Agreement with Cebal Verpackungen Gmbh the factoring fee (excluding tax) is: 0,15 % of the amount (including tax) of the assigned invoices. Annual Minimum Commission : EUR 100 000 (excluding tax), payable upon the effectiveness of the contract, and then on each anniversary date. This minimum may be invoiced by means of prepayment per monthly period upon the end of the month following the effectiveness of the contract. CGA having granted preferential pricing, the factoring commission and the Annual Minimum Commission applicable to the remaining contracts shall be revised in case of changes in the perimeter.