Misdirected Payment Fee. If any payment on an account is received by any Credit Party and not delivered in kind to Lender within three (3) business days thereafter, Borrower will immediately pay to Lender, in addition to such payment, the amount equal to fifteen percent (15%) of the amount of such payment.
Appears in 2 contracts
Samples: Loan and Security Agreement (American Tonerserv Corp.), Loan and Security Agreement (American Tonerserv Corp.)
Misdirected Payment Fee. If any payment on an account is received by any Credit Party Borrower and not delivered in kind to Lender within three (3) business days thereafter, Borrower will immediately pay to Lender, in addition to such payment, the amount equal to fifteen percent (15%) of the amount of such payment.
Appears in 2 contracts
Samples: Loan and Security Agreement (Deja Foods Inc), Loan and Security Agreement (Deja Foods Inc)
