Additional Discount. The Additional Discount, computed with respect to a Purchased Account for each ten (10) day period or portion thereof during which any portion of a Purchased Account remains unpaid, the first ten (10) day period commencing thirty (30) days from the Invoice Date and continuing to the date on which such Purchased Account has been Closed.
Appears in 2 contracts
Sources: Accounts Receivable Purchasing Agreement, Accounts Receivable Purchasing Agreement (Probe Manufacturing Inc)