Common use of Marketing Fee Clause in Contracts

Marketing Fee. In exchange for performing the marketing services for and on behalf of RB, RB will pay E@W a marketing fee equal to [****] per each new Account that is established with RB during the term of this Agreement, which fee shall be due and payable upon the extension by RB of the Initial Advance to the Borrower under such Account. RB shall pay or cause to be paid the aggregate marketing fees, including any reduction contemplated by Section 2(e), to E@W on a monthly basis within ten (10) Business Days after receipt of an invoice from E&W at the end of each month with respect to all Accounts established during the prior month. If RB does not make any payment as and when due then, in addition to paying such amount, RB shall also pay to E@W a late charge equal to the lesser of (i) one and one-half percent (1.5%) of the unpaid amount per month or portion thereof or (ii) the maximum late charge permitted by applicable Law until the unpaid amount is paid in full.