Default Fee. In the event the Seller breaches this Agreement for any reason, a default fee of the greater of $2,500 or Twenty-Five Percent (25%) of the outstanding balance shall be added.
Appears in 2 contracts
Sources: Future Receivables Sale and Purchase Agreement (First Person Ltd.), Future Receivables Sale and Purchase Agreement (First Person Ltd.)
Default Fee. In the event the Seller breaches this Agreement for any reason, a default fee of the greater of $2,500 of$ I 0,000 or Twenty-Five Percent (25%) of the outstanding balance shall be added.
Appears in 1 contract
Sources: Future Receivables Sale and Purchase Agreement (Zerify, Inc.)
Default Fee. In the event the Seller breaches this Agreement for any reason, a default fee of the greater of $2,500 5,000.00 or Twenty-Five Percent (25%) of the outstanding balance shall be added.
Appears in 1 contract
Sources: Merchant Cash Advance Agreement (American Rebel Holdings Inc)