Examples of Advance Percentage in a sentence
For each Receivable Buyer elects to purchase from Seller, Buyer may, in its sole discretion, advance monies against the purchase price of said Receivable, in an amount up to the Advance Percentage multiplied by the face amount of the Receivable, or a lesser amount as Buyer, in its sole discretion determines, said payment referred to herein as the Advance.
The net commission due agent is calculated by the applicable commission by the Advance Percentage.
Additionally, the Board of Directors may from time to time offer to all members a separate reduced Advance Percentage between 2% and 5%.
There was some uncertainty going forward hence the reference to surprises but on the other hand the Advance Percentage had now been reduced to cover the further dilution and SJB had verified debtors at just under £5m.
In addition of course by that time, it was known that there would be no further funding of Cobra save in respect of new invoices (likely to be modest given that it went into administration on 29 May) and with a reduced Advance Percentage.