Factoring Fee definition

Factoring Fee means any fee charged by the financer to process the transaction plus the difference between the face value of a legally enforceable claim and the purchase price that the financer agrees to pay the recipient for assignment of that legally enforceable claim.
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Factoring Fee shall have that meaning as set forth in Section C.5 herein.
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Factoring Fee the Factoring Fee Percentage multiplied by the Face Amount of a Purchased Account, for each Factoring Fee Period that any portion thereof remains unpaid, computed from the end of the Initial Fee Period to and including the date on which a Purchased Account is Closed.
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Examples of Factoring Fee in a sentence

  • Method for calculating Turnover Shortfall Commission:(FT – RIT) x (FF + Hf),where:FT = the planned annual factored turnover, calculated on a pro-rata basis; RIT = the realised invoice turnover for the given period;FF = Factoring fee; Hf = Handling charge.If the Factoring Fee used in the calculations is not a one-off fee, the Factoring Fee is calculated on the basis of the Term.

  • Factoring fee for standard and financed according to contract, but min.

  • Its payment takes place in the manner and at the time(s) specified in the given Agreement.1.7.2 Record-keeping(a) Factoring fee: Fee charged by the Bank for the record-keeping and monitoring of the receivables.

  • Prior unpaid event charges must be paid in full before any subsequent request for use of facilities by the same group will be approved.Labor and other service costs will be charged regardless of funding source.

  • IX.4 Factoring fee upon reacquisition of Receivable by ClientIf the Receivable is reacquired by the Client or passes back to the Client under the conditions of the Agreement, or expires otherwise than by its payment to the Bank, the factoring fee is not refunded to the Client.


More Definitions of Factoring Fee

Factoring Fee. The fee referred to in clause 9(1).
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Factoring Fee of any Bank Purchaser means the fee payable to the Purchaser for the benefit of such Bank Purchaser pursuant to Section 4.2.
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Factoring Fee means the face value of a legally enforceable claim minus the original advance amount and the reserve amount, if applicable.
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Factoring Fee means the fee mentioned under article 11 of the GFC.
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Factoring Fee shall have the meaning set forth in the Factoring Agreement.
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Factoring Fee means the fee mentioned under Art. 12 (Fees and charges) of Chapter 1 (General Provisions) of these GFC.
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Factoring Fee means the Factoring Fee Percent multiplied by the Face Amount of each Purchased Account.
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