Common use of Manner of Payment of the Clause in Contracts

Manner of Payment of the. UMC Fee. Provider hereby expressly authorizes UMC to automatically deduct the UMC Fees from the proceeds of financing prior to payment to Provider. All UMC Fees shall be automatically deducted from the total financing proceeds prior to disbursement to Provider. Provider hereby agrees and accepts the proceeds of the total Financed amount less UMC Fees as payment in full by Client to Provider of the total financed amount.