Purchase Fee. Each Seller shall pay a Purchase Fee to the Bank in relation to each Purchased Receivable purchased by the Bank from that Seller. On each Settlement Date, each Seller shall pay any Purchase Fees which are accrued but unpaid on that Settlement Date.
Appears in 2 contracts
Sources: Amendment and Restatement Agreement (Arrow Electronics, Inc.), Limited Recourse Receivables Discounting Framework Agreement (Arrow Electronics, Inc.)