Factoring Commission definition

Factoring Commission has the meaning ascribed to such term in Clause 9.1.
Sample 1Sample 2Sample 3
Factoring Commission. The percentage rate of the Nominal Amount set out in schedule 1 (Terms and Conditions).
Sample 1Sample 2Sample 3
Factoring Commission is hereby amended to read as follows: You shall pay us a commission in an amount equal to (a) four tenths of one percent (0.40%) of the net amount of each client's risk account and (b) eight tenths of one percent (0.80%) of the net amount of each account which is approved by us.
Sample 1

Examples of Factoring Commission in a sentence

  • The Factor shall receive a Factoring Commission in consideration of the non-financial services it provides to the French Sellers, as specified in Clause 2.1.

  • The aggregate minimum annual amount of the Factoring Commission for all French Sellers shall be one million two hundred thousand Euros (EUR 1,200,000) excluding VAT.

  • The Factor shall receive a factoring commission (the "Factoring Commission") in consideration of the non-financial services it provides to the Company, as specified in Article 1.1. For avoidance of doubt, the Factoring Commission does not include any costs, fees, commissions or expenses in respect of the Credit Insurance Policy, which shall be borne by the Company.

  • In no event shall the factoring commission charged by Factor for any single invoice be less than the Minimum Per Invoice Factoring Commission set forth on the Fee Schedule annexed hereto.

  • The rate of the Factoring Commission is set at 0.09% (excluding VAT) of the volume (including VAT) of the face value of the Transferred Receivables (and paid on each Transferred Receivable).

  • The Factoring Commission and Administration Fee are stated exclusive of applicable VAT.

  • The minimum annual amount of the Factoring Commission (excluding VAT) shall be equal to EUR 135,000.The aggregate amount of Factoring Commission collected during a full calendar year (i.e., from 1st January to 31st December) shall not, in any case, be less than the minimum annual amount referred to in sub-paragraph above.

  • Simultaneously, Crédit Agricole Leasing & Factoring shall restore to the client a share of the Factoring Commission equal to 0.12% of the Residual Balance of the previously transferred Balance.

  • If such approval is given by Factor, the Factoring Commission Percentage set forth in the Fee Schedule annexed hereto with respect to the Accounts covered thereby shall be increased by an additional one-quarter of one percent (1/4%) for each additional thirty (30) days or portion thereof of extended selling terms or additional dating.

  • AEC shall purchase the Accounts from Seller, in AEC’s sole and absolute discretion, at a purchase price equal to the gross face value of Accounts, less AEC’s Factoring Commission, as described in this Section 2, returns, credits, allowances, deductions, ‘finance points’ or other like charges and discounts; and less all other sums charged or chargeable to Seller’s Accounts (the “Purchase Price”).


More Definitions of Factoring Commission

Factoring Commission has the meaning ascribed to it in Article 8.1.1.
Sample 1
Factoring Commission is hereby amended to read as follows: You shall pay us a commission in an amount equal to (a) four tenths of one percent (0.40%) of the net amount of each client's risk account and (b) three quarters of one percent (0.75%) of the net amount of each account which is approved by us; provided, however, that: (i) if the aggregate net amount of Combined Assigned Approved Accounts (the aggregate net amount of (A) approved accounts assigned to us by you under this Agreement PLUS (B) approved accounts assigned to us by Antik Denim, LLC under the Factoring Agreement between Antik Denim, LLC and us dated October 18, 2004, as amended, PLUS (C) approved accounts assigned to us by Taverniti So Jeans, LLC under the Factoring Agreement between Taverniti So Jeans, LLC and us dated November 22, 2004, as amended) during a calendar year (the twelve month period from January 1, 2006 through December 31, 2006 or any twelve month period thereafter) exceeds $10,000,000 but is less than or equal to $20,000,000, the commission on each approved account assigned by you to us under this Agreement during such calendar year in excess of said $10,000,000 up to said $20,000,000 shall be seven tenths of one percent (0.70%) of the net amount of such approved account, and (ii) if the aggregate net amount of Combined Assigned Approved Accounts during such calendar year exceeds $20,000,000 but is less than or equal to $30,000,000, the commission on each approved account assigned by you to us under this Agreement during such calendar year in excess of said $20,000,000 up to said $30,000,000 shall be sixty-five hundredths of one percent (0.65%) of the net amount of each such approved account, and (iii) if the aggregate net amount of Combined Assigned Approved Accounts during such calendar year exceeds $30,000,000, the commission on each approved account assigned by you to us under this Agreement during such calendar year in excess of said $30,000,000 shall be six tenths of one percent (0.60%) of the net amount of each such approved account.
Sample 1

Related to Factoring Commission

  • Finance commission means the Finance Commission of Texas.

  • Planning Commission means the City’s Planning Commission.

  • Central Commission means the Central Electricity Regulatory Commission referred to in sub-section (1) of section 76 of the Act;

  • Ceding Commission shall have the meaning specified in Section 5.2.

  • Selling Commission means three percent (3%) of the gross proceeds of Shares sold pursuant to this Agreement, or as otherwise agreed between the Company and the Agent with respect to any Shares sold pursuant to this Agreement.

  • Diocesan Schools Commission means the education service provided by the diocese, which may also be known, or referred to, as the Diocesan Education Service.

  • Selling Commissions means any and all commissions payable to underwriters, dealer managers or other broker-dealers in connection with the sale of Shares, including, without limitation, commissions payable to the Dealer Manager.

  • Joint Commission means the accrediting body whose standards are referred to in these Bylaws.

  • State Information Commission means the State Information Commission constituted under sub-section (1) of section 15;

  • Leasing Commissions means leasing commissions incurred by Borrower in connection with leasing any Mortgaged Property or any portion thereof (including renewals of existing Leases).

  • State Commission means any state regulatory agency having jurisdiction over retail electricity sales in any State in the PJM Region.

  • City Commission means the legislative body of the City of Miami.

  • Securities Commissions means collectively, the applicable securities commission or securities regulatory authority in each of the Qualifying Jurisdictions;

  • Railways Commission means the Western Australian Government Railways Commission established pursuant to the Government Railways Xxx 0000;

  • the Commission means the Charity Commission for England and Wales;

  • Election Commission means the Election Commission appointed by the President under article 324;

  • Securities Commission means the applicable securities commission or regulatory authority in each of the Qualifying Jurisdictions;

  • Redevelopment Commission means the Fishers Redevelopment Commission.

  • Canadian Securities Commissions means the securities commissions or similar securities regulatory authorities in each of the provinces and territories of Canada;

  • Federal Energy Regulatory Commission or "FERC" means the

  • Nuclear Regulatory Commission (NRC) means the U.S. Nuclear Regulatory Commission or its duly authorized representatives.

  • Tax Commission means the Oklahoma Tax Commission;

  • Public Service Commission means the Public Service Commission constituted under this Constitution;

  • Commitment Commission shall have the meaning provided in Section 3.01(a).

  • Forward Hedge Selling Commission means, for any Forward Contract, the product of (x) the Forward Hedge Selling Commission Rate for such Forward Contract and (y) the Volume-Weighted Hedge Price.

  • Clearance System means the principal domestic clearance system customarily used for settling trades with respect to the Underlying as determined by the Calculation Agent acting in accordance with relevant market practice and in good faith.