Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%) percentage points above the Prime Rate per annum of the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “Finance Charges”). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 2 contracts
Sources: Accounts Receivable Purchase Agreement, Accounts Receivable Purchase Agreement (Egain Communications Corp)
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%) 1.00 percentage points above the Prime Rate per annum of the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “Finance Charges”). Notwithstanding the foregoing, on each Reconciliation Date, Seller shall pay to Buyer a minimum $3,000.00 Finance Charge. Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 2 contracts
Sources: Accounts Receivable Purchase Agreement, Accounts Receivable Purchase Agreement (Aml Communications Inc)
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%1.75 (%) percentage points above the Prime Rate percent per annum month of the gross average -------- daily Account Balance outstanding during the applicable Reconciliation Period (the “"Finance Charges”"). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 2 contracts
Sources: Accounts Receivable Purchase Agreement (Bio Imaging Technologies Inc), Factoring Agreement (Sound Source Interactive Inc /De/)
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%) percentage points above the Prime Rate a per annum rate equal to the aggregate of the gross Bank's Prime Rate, plus four percent (4.0%), multiplied by the average daily Account Balance outstanding during the applicable Reconciliation Period (the “"Finance Charges”"). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 3.6 below.
Appears in 1 contract
Sources: Accounts Receivable Purchase Agreement (Focus Enhancements Inc)
Finance Charges. On each Reconciliation Date Date, Seller shall pay to Buyer a finance charge in an amount at a per annum rate equal to 5.0(%) percentage points above the aggregate of the Buyer's Prime Rate per annum of and two and one-half percent (2.5%), on the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “"Finance Charges”"). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 3.6 below.
Appears in 1 contract
Sources: Accounts Receivable Purchase Agreement (Log on America Inc)
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%two percent (2%) percentage points above the Prime Rate per annum month of the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “"Finance Charges”"). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Sources: Accounts Receivable Purchase Agreement (Adept Technology Inc)
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%) 2.00 percentage points above the Prime Rate per annum of multiplies by the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “"Finance Charges”"). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Sources: Accounts Receivable Purchase Agreement (Voxware Inc)
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%1.75(%) percentage points above the Prime Rate percent per annum month of the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “"Finance Charges”"). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Sources: Accounts Receivable Purchase Agreement (Open Market Inc)
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%1.25 (%) percentage points above the Prime Rate percent per annum month of the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “"Finance Charges”"). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Sources: Accounts Receivable Purchase Agreement (Starbase Corp)
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%1.5(%) percentage points above the Prime Rate percent per annum month of the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “'Finance Charges”'). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%) 2.5% percentage points above the Prime Rate per annum of the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “"Finance Charges”"). Notwithstanding the foregoing, on each Reconciliation Date, Seller shall pay to Buyer a minimum $500.00 Finance Charge. Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%2.0(%) percentage points above the Prime Rate percent per annum month of the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “"Finance Charges”"). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%2.00 (%) percentage points above the Prime Rate percent per annum month of the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “"Finance Charges”"). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in In Section 3.5 3.7 below.
Appears in 1 contract
Sources: Accounts Receivable Purchase Agreement (Agritope Inc)
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%(a) percentage points above the Prime Rate 1.50 (%) percent per annum month of the gross average daily Account Balance outstanding during the applicable Reconciliation Period Period, and (b) an additional .25 (%) percent per month effective December 1, 1998 (the “"Finance Charges”"). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Sources: Accounts Receivable Purchase Agreement (Integrated Packaging Assembly Corp)
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%the Bank's Prime Rate, plus four percent (4.0%) percentage points above the Prime Rate per annum annum, of the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “"Finance Charges”"). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Sources: Accounts Receivable Purchase Agreement (Ace Comm Corp)
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%) percentage points above the Prime Rate 1.30 percent per annum month of the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “"Finance Charges”"). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Sources: Accounts Receivable Purchase Agreement (Peritus Software Services Inc)
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%2.5(%) percentage points above the Prime Rate percent per annum month of the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “'Finance Charges”'). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%1.5(%) percentage points above the Prime Rate percent per annum month of the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “"Finance Charges”"). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Sources: Factoring Agreement (Zycad Corp)
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%) 2.50 percentage points above the Prime Rate per annum of (BUT NO LESS THAN 6.75%) multiplied by the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “"Finance Charges”"). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Sources: Accounts Receivable Purchase Agreement (Superconductor Technologies Inc)
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%1(%) percentage points above the Prime Rate percent per annum month of the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “Finance Charges”). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Sources: Accounts Receivable Purchase Agreement (Zamba Corp)
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%the greater of (a) percentage points above Five Thousand Dollars ($5,000) for such Reconciliation Period, and (b) the Prime Rate product of (i) 0.875% per annum of month multiplied by (ii) the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “"Finance Charges”"). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Sources: Accounts Receivable Purchase Agreement (Nstor Technologies Inc)
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in (the "Finance Charges"), which is the greater of (i) Minimum Finance Charge; or (ii) an amount equal to 5.0(%5.00(%) percentage points pints above the Prime Rate per annum of the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “Finance Charges”)Period. Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Sources: Accounts Receivable Purchase Agreement (Starbase Corp)
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%2.0(%) percentage points above the Prime Rate percent per annum month of the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “"Finance Charges”"). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below. *SEE ADDENDUM TO FACTORING AGREEMENT.
Appears in 1 contract
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%1.30 (%) percentage points above the Prime Rate percent per annum month of the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “"Finance Charges”"). Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Sources: Accounts Receivable Purchase Agreement (Cognigen Networks Inc)
Finance Charges. On each Reconciliation Date Seller shall pay to Buyer a finance charge in an amount equal to 5.0(%) 1.45 percentage points above the Prime Rate per annum of the gross average daily Account Balance outstanding during the applicable Reconciliation Period (the “"Finance Charges”"). Notwithstanding the foregoing, on each Reconciliation Date, Seller shall pay to Buyer a minimum $500.00 Finance Charge. Buyer shall deduct the accrued Finance Charges from the Reserve as set forth in Section 3.5 below.
Appears in 1 contract
Sources: Accounts Receivable Purchase Agreement (Timeline Inc)