Missing Notation Fee. Borrower will pay to Crestmark a Missing Notation Fee of five percent (5.00%) of the face amount of each invoice on any invoice that is sent by Borrower to an Account Debtor that does not contain the notice as required by Section 5 of the Loan and Security Agreement hereof. THE SINGING MACHNE COMPANY, INC. SMC (COMERCIAL OFFSHORE DE MACAU) LIMITADA 4 v6
Appears in 1 contract
Sources: Loan and Security Agreement (Singing Machine Co Inc)
Missing Notation Fee. Borrower will pay to Crestmark a Missing Notation Fee of five percent (5.00%) of the face amount of each invoice on any invoice that is sent by Borrower to an Account Debtor that does not contain the notice as required by Section 5 of the Loan and Security Agreement hereof. THE SINGING MACHNE COMPANY, INC. SMC (COMERCIAL OFFSHORE DE MACAU) LIMITADA 4 v6.
Appears in 1 contract
Sources: Loan and Security Agreement (Youngevity International, Inc.)