Common use of Sale of Receivables Clause in Contracts

Sale of Receivables. Each Merchant and CEDAR agree that the Purchase Price under this Agreement is in exchange for the Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR to any Merchant. CEDAR is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in CEDAR not receiving the Receivables Purchased Amount. Any Merchant going bankrupt, going out of business, or experiencing a slowdown in business or a delay in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such Receivables. CEDAR has purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Each Merchant and each Guarantor acknowledges that CEDAR does not purchase, sell, or offer to purchase or sell securities and that this Agreement is not a security, an offer to sell any security, or a solicitation of an offer to buy any security. Although certain jurisdictions require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate. I have read and agree to the terms and conditions set forth above: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Title: CEO Date: 09/26/2023 STANDARD MERCHANT CASH ADVANCE AGREEMENT

Appears in 1 contract

Samples: Advance Agreement (Safe & Green Holdings Corp.)

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Sale of Receivables. Each Merchant and CEDAR KYF agree that the Purchase Price under this Agreement is in exchange for the Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR KYF to any Merchant. CEDAR KYF is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in CEDAR KYF not receiving the Receivables Purchased Amount. Any Merchant going bankrupt, going out of business, or experiencing a slowdown in business or a delay in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such Receivables. CEDAR KYF has purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR KYF in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Each Merchant and each Guarantor acknowledges that CEDAR KYF does not purchase, sell, or offer to purchase or sell securities and that this Agreement is not a security, an offer to sell any security, or a solicitation of an offer to buy any security. Although certain jurisdictions require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate. I have read and agree to the terms and conditions set forth above: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx XXXXX XXX XXXXX Title: CEO OWNER Date: 09/26/2023 3/28/2023 STANDARD MERCHANT CASH ADVANCE AGREEMENT

Appears in 1 contract

Samples: Advance Agreement (Wolf Energy Services Inc.)

Sale of Receivables. Each Merchant and CEDAR UFS agree that the Purchase Price under this Agreement is in exchange for the Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR UFS to any Merchant. CEDAR UFS is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in CEDAR UFS not receiving the Receivables Purchased Amount. Any Merchant going bankrupt, bankrupt or going out of business, business or experiencing a slowdown in business or a delay in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such Receivables. CEDAR UFS has purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR UFS in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Each Merchant and each Guarantor acknowledges that CEDAR does not purchase, sell, or offer to purchase or sell securities and that this Agreement is not a security, an offer to sell any security, or a solicitation of an offer to buy any security. Although certain jurisdictions may require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate. I have read and agree to the terms and conditions set forth above: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Name and Title: CEO TXXXXX XXXXX XXX XX, Owner Name and Title: Date: 09/26/2023 07/29/2022 Date: 07/29/2022 Page 5 of 16 STANDARD MERCHANT CASH ADVANCE AGREEMENT

Appears in 1 contract

Samples: Advance Agreement (Connexa Sports Technologies Inc.)

Sale of Receivables. Each Merchant and CEDAR agree that the Purchase Price under this Agreement is in exchange for the Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR to any Merchant. CEDAR is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in CEDAR not receiving the Receivables Purchased Amount. Any Merchant going bankrupt, going out of business, or experiencing a slowdown in business or a delay in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such Receivables. CEDAR has purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Each Merchant and each Guarantor acknowledges that CEDAR does not purchase, sell, or offer to purchase or sell securities and that this Agreement is not a security, an offer to sell any security, or a solicitation of an offer to buy any security. Although certain jurisdictions require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate. I have read and agree to the terms and conditions set forth above: /s/ Xxxxxx Xx Xxxx Xxxxxx Name: Xxxxxx Xx Xxxx Xxxxxx Title: CEO __________ Date: 09/26/2023 05/20/2024 STANDARD MERCHANT CASH ADVANCE AGREEMENT

Appears in 1 contract

Samples: Advance Agreement (La Rosa Holdings Corp.)

Sale of Receivables. Each Merchant and CEDAR WAVE agree that the Purchase Price under this Agreement is in exchange for the Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR WAVE to any Merchant. CEDAR WAVE is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in CEDAR WAVE not receiving the Receivables Purchased Amount. Any Merchant going bankrupt, going out of business, or experiencing a slowdown in business or a delay in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such Receivables. CEDAR WAVE has purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR WAVE in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Each Merchant and each Guarantor acknowledges that CEDAR WAVE does not purchase, sell, or offer to purchase or sell securities and that this Agreement is not a security, an offer to sell any security, or a solicitation of an offer to buy any security. Although certain jurisdictions require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate. I have read and agree to the terms and conditions set forth above: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx XXX XXXXXXXXXXXX XXXXX Title: CEO OWNER Date: 09/26/2023 11/30/2023 STANDARD MERCHANT CASH ADVANCE AGREEMENT

Appears in 1 contract

Samples: Advance Agreement (PARTS iD, Inc.)

Sale of Receivables. Each Merchant and CEDAR MFG agree that the Purchase Price under this Agreement is in exchange for the Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR MFG to any Merchant. CEDAR MFG is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in CEDAR MFG not receiving the I have read and agree to the terms and conditions set forth above: /s/ Xxxxxxxxxxx Xxxxxxx Name and Title: XXXXXXXXXXX XXXX XXXXXXX, CFO Date: 11/08/2023 Receivables Purchased Amount. Any Merchant going bankrupt, going out of business, or experiencing a slowdown in business or a delay in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such Receivables. CEDAR MFG has purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR MFG in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Each Merchant and each Guarantor acknowledges that CEDAR MFG does not purchase, sell, or offer to purchase or sell securities and that this Agreement is not a security, an offer to sell any security, or a solicitation of an offer to buy any security. Although certain jurisdictions require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate. I have read and agree If a court or arbitrator determines that MFG has charged or received interest under this Agreement in excess of the highest rate permitted by applicable law, then the rate in effect under this Agreement will automatically be reduced to the terms maximum rate permitted by applicable law and conditions set forth above: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Title: CEO Date: 09/26/2023 STANDARD MERCHANT CASH ADVANCE AGREEMENTMFG will promptly refund to Merchant(s) any amount received by MFG that would otherwise be considered interest in excess of the maximum lawful rate, with it being intended that Merchant(s) not pay or contract to pay and that MFG not receive or contract to receive, directly or indirectly in any manner whatsoever, interest in excess of that which may be paid by Xxxxxxxx(s) or received by MFG under applicable law.

Appears in 1 contract

Samples: Cash Advance Agreement (Alpine 4 Holdings, Inc.)

Sale of Receivables. Each Merchant and CEDAR ALPINE agree that the Purchase Price under this Agreement is in exchange for the Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR ALPINE to any Merchant. CEDAR ALPINE is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in CEDAR ALPINE not receiving the Receivables Purchased Amount. Any Merchant going bankrupt, going out of business, or experiencing a slowdown in business or a delay in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such Receivables. CEDAR ALPINE has purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR ALPINE in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Each Merchant and each Guarantor acknowledges that CEDAR ALPINE does not purchase, sell, or offer to purchase or sell securities and that this Agreement is not a security, an offer to sell any security, or a solicitation of an offer to buy any security. Although certain jurisdictions require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate. I have read and agree to the terms and conditions set forth above: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Title: CEO Date: 09/26/2023 STANDARD MERCHANT CASH ADVANCE AGREEMENT.

Appears in 1 contract

Samples: Advance Agreement

Sale of Receivables. Each Merchant and CEDAR agree that the Purchase Price under this Agreement is in exchange for the Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR to any Merchant. CEDAR is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in CEDAR not receiving the Receivables Purchased Amount. Any Merchant going bankrupt, going out of business, or experiencing a slowdown in business or a delay in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such Receivables. CEDAR has purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Each Merchant and each Guarantor acknowledges that CEDAR does not purchase, sell, or offer to purchase or sell securities and that this Agreement is not a security, an offer to sell any security, or a solicitation of an offer to buy any security. Although certain jurisdictions require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate. I have read and agree to the terms and conditions set forth above: /s/ Xxxxx X. Xxxx Xxxxxx Name: Xxxx Xxxxxx XXXXX X XXXX Title: CEO Date: 09/26/2023 STANDARD MERCHANT CASH ADVANCE AGREEMENT03/12/2024

Appears in 1 contract

Samples: Advance Agreement (Edible Garden AG Inc)

Sale of Receivables. Each Merchant and CEDAR WAVE agree that the Purchase Price under this Agreement is in exchange for the Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR WAVE to any Merchant. CEDAR WAVE is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in CEDAR WAVE not receiving the Receivables Purchased Amount. Any Merchant going bankrupt, bankrupt or going out of business, business or experiencing a slowdown in business or a delay in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such Receivables. CEDAR WAVE has purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR WAVE in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Each Merchant and each Guarantor acknowledges that CEDAR does not purchase, sell, or offer to purchase or sell securities and that this Agreement is not a security, an offer to sell any security, or a solicitation of an offer to buy any security. Although certain jurisdictions require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate. I have read and agree to the terms and conditions set forth above: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx XXX XXXXXXXXXXXX XXXXX Title: CEO Date: 09/26/2023 STANDARD MERCHANT CASH ADVANCE AGREEMENT

Appears in 1 contract

Samples: Advance Agreement (PARTS iD, Inc.)

Sale of Receivables. Each Merchant and CEDAR CURVE agree that the Purchase Price under this Agreement is in exchange for the Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR CURVE to any Merchant. CEDAR CURVE is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in CEDAR CURVE not receiving the Receivables Purchased Amount. Any Merchant going bankrupt, going out of business, or experiencing a slowdown in business or a delay in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such Receivables. CEDAR CURVE has purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR CURVE in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Each Merchant and each Guarantor acknowledges that CEDAR CURVE does not purchase, sell, or offer to purchase or sell securities and that this Agreement is not a security, an offer to sell any security, or a solicitation of an offer to buy any security. Although certain jurisdictions require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate. I have read and agree to the terms and conditions set forth above: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Cxxx Xxxxxxxxx Title: CEO Date: 09/26/2023 8/31/2023 Page 5 of 16 STANDARD MERCHANT CASH ADVANCE AGREEMENT

Appears in 1 contract

Samples: Advance Agreement (First Person Ltd.)

Sale of Receivables. Each Merchant and CEDAR agree that the Purchase Price under this Agreement is in exchange for the Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR to any Merchant. CEDAR is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in CEDAR not receiving the Receivables Purchased Amount. Any Merchant going bankrupt, going out of business, or experiencing a slowdown in business or a delay in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such Receivables. CEDAR has purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Each Merchant and each Guarantor acknowledges that CEDAR does not purchase, sell, or offer to purchase or sell securities and that this Agreement is not a security, an offer to sell any security, or a solicitation of an offer to buy any security. Although certain jurisdictions require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate. I have read and agree to the terms and conditions set forth above: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Title: CEO Date: 09/26/2023 11/20/2023 STANDARD MERCHANT CASH ADVANCE AGREEMENT

Appears in 1 contract

Samples: Advance Agreement (Safe & Green Holdings Corp.)

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Sale of Receivables. Each Merchant and CEDAR agree that the Purchase Price under this Agreement is in exchange for the Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR to any Merchant. CEDAR is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in CEDAR not receiving the Receivables Purchased Amount. Any Merchant going bankrupt, going out of business, or experiencing a slowdown in business or a delay in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such Receivables. CEDAR has purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Each Merchant and each Guarantor acknowledges that CEDAR does not purchase, sell, or offer to purchase or sell securities and that this Agreement is not a security, an offer to sell any security, or a solicitation of an offer to buy any security. Although certain jurisdictions require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate. I have read and agree to the terms and conditions set forth above: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Title: CEO Date: 09/26/2023 01/29/2024 STANDARD MERCHANT CASH ADVANCE AGREEMENT

Appears in 1 contract

Samples: Advance Agreement (Safe & Green Holdings Corp.)

Sale of Receivables. Each Merchant and CEDAR agree that the Purchase Price under this Agreement is in exchange for the Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR to any Merchant. CEDAR is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in CEDAR not receiving the Receivables Purchased Amount. Any Merchant going bankrupt, going out of business, or experiencing a slowdown in business or a delay in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such Receivables. CEDAR has purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Each Merchant and each Guarantor acknowledges that CEDAR does not purchase, sell, or offer to purchase or sell securities and that this Agreement is not a security, an offer to sell any security, or a solicitation of an offer to buy any security. Although certain jurisdictions require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate. I have read and agree to the terms and conditions set forth above: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Title: CEO Date: 09/26/2023 STANDARD MERCHANT CASH ADVANCE AGREEMENT.

Appears in 1 contract

Samples: Advance Agreement (Edible Garden AG Inc)

Sale of Receivables. Each Merchant and CEDAR ALPINE agree that the Purchase Price under this Agreement is in exchange for the Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR ALPINE to any Merchant. CEDAR ALPINE is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in CEDAR ALPINE not receiving the Receivables Purchased Amount. Any Merchant going bankrupt, going out of business, or experiencing a slowdown in business or a delay in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such Receivables. CEDAR ALPINE has purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR ALPINE in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Each Merchant and each Guarantor acknowledges that CEDAR ALPINE does not purchase, sell, or offer to purchase or sell securities and that this Agreement is not a security, an offer to sell any security, I have read and agree to the terms and conditions set forth above: or a solicitation of an offer to buy any security. Although certain jurisdictions require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate. I have read and agree to the terms and conditions set forth above: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Title: CEO Date: 09/26/2023 STANDARD MERCHANT CASH ADVANCE AGREEMENT.

Appears in 1 contract

Samples: Merchant Cash Advance Agreement

Sale of Receivables. Each Merchant and CEDAR BCA agree that the Purchase Price under this Agreement is in exchange for the Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR BCA to any Merchant. CEDAR BCA is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in CEDAR BCA not receiving the Receivables Purchased Amount. Any Merchant going bankrupt, going out of business, or experiencing a slowdown in business or a delay in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such Receivables. CEDAR BCA has purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR BCA in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Each Merchant and each Guarantor acknowledges that CEDAR BCA does not purchase, sell, or offer to purchase or sell securities and that this Agreement is not a security, an offer to sell any security, or a solicitation of an offer to buy any security. Although certain jurisdictions require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate. I have read and agree to the terms and conditions set forth above: /s/ Xxxx Xxxxxx XXXX XXXXXX Name: Xxxx Xxxxxx XXXX XXXXXX Title: CEO Owner Date: 09/26/2023 2/23/2024 STANDARD MERCHANT CASH ADVANCE AGREEMENT

Appears in 1 contract

Samples: Advance Agreement (Safe & Green Holdings Corp.)

Sale of Receivables. Each Merchant and CEDAR agree that the Purchase Price under this Agreement is in exchange for the Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR to any Merchant. CEDAR is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in CEDAR not receiving the Receivables Purchased Amount. Any Merchant going bankrupt, going out of business, or experiencing a slowdown in business or a delay in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such I have read and agree to the terms and conditions set forth above: /s/ XXXXXXXXXXX X XXXXXXX Name: Xxxxxxxxxxx X Xxxxxxx Title: Date: 9/29/2023 Page 5 of 16 STANDARD MERCHANT CASH ADVANCE AGREEMENT Receivables. CEDAR has purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Each Merchant and each Guarantor acknowledges that CEDAR does not purchase, sell, or offer to purchase or sell securities and that this Agreement is not a security, an offer to sell any security, or a solicitation of an offer to buy any security. Although certain jurisdictions require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate. I have read and agree to the terms and conditions set forth above: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Title: CEO Date: 09/26/2023 STANDARD MERCHANT CASH ADVANCE AGREEMENT.

Appears in 1 contract

Samples: Advance Agreement (Alpine 4 Holdings, Inc.)

Sale of Receivables. Each Merchant and CEDAR XXXX agree that the Purchase Price under this Agreement is in exchange for the Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR XXXX to any Merchant. CEDAR XXXX is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in CEDAR XXXX not receiving the Receivables Purchased Amount. Any Merchant going bankrupt, bankrupt or going out of business, business or experiencing a slowdown in business or a delay in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such Receivables. CEDAR XXXX has purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR XXXX in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Each Merchant and each Guarantor acknowledges that CEDAR does not purchase, sell, or offer to purchase or sell securities and that this Agreement is not a security, an offer to sell any security, or a solicitation of an offer to buy any security. Although certain jurisdictions require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate. I have read and agree nd cond _______ to the terms and conditions set forth above: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Title: CEO Date: 09/26/2023 STANDARD MERCHANT CASH ADVANCE AGREEMENTt ______

Appears in 1 contract

Samples: Advance Agreement

Sale of Receivables. Each Merchant and CEDAR agree that the Purchase Price under this Agreement is in exchange for the Receivables Purchased Amount and that such Purchase Price is not intended to be, nor shall it be construed as a loan from CEDAR to any Merchant. CEDAR is entering into this Agreement knowing the risks that each Merchant’s business may decline or fail, resulting in CEDAR not receiving the Receivables Purchased Amount. Any Merchant going bankrupt, going out of business, or experiencing a slowdown in business or a delay in collecting Receivables will not on its own without anything more be considered a breach of this Agreement. Each Merchant agrees that the Purchase Price in exchange for the Receivables pursuant to this Agreement equals the fair market value of such Receivables. CEDAR has purchased and shall own all the Receivables described in this Agreement up to the full Receivables Purchased Amount as the Receivables are created. Payments made to CEDAR in respect to the full amount of the Receivables shall be conditioned upon each Merchant’s sale of products and services and the payment therefor by each Merchant’s customers in the manner provided in this Agreement. Each Merchant and each Guarantor acknowledges that CEDAR does not purchase, sell, or offer to purchase or sell securities and that this Agreement is not a security, an offer to sell any security, or a solicitation of an offer to buy any security. Although certain jurisdictions require the disclosure of an Annual Percentage Rate or APR in connection with this Agreement, those disclosures do not change the fact that the transaction encompassed by this Agreement is not a loan and does not have an interest rate. I have read and agree to the terms and conditions set forth above: /s/ Xxxxxx Xx Xxxx Xxxxxx Name: Xxxxxx Xx Xxxx Xxxxxx Title: CEO Date: 09/26/2023 07/03/2023 STANDARD MERCHANT CASH ADVANCE AGREEMENT

Appears in 1 contract

Samples: Advance Agreement (La Rosa Holdings Corp.)

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