Misdirected Payment Fee

Example Definitions of "Misdirected Payment Fee"
Misdirected Payment Fee. The greater of $5,000.00 or twenty-five (25%) of the amount of any payment on account of a Purchased Account which has been received by Seller and not delivered in kind to Purchaser within five (5) business days following the date of receipt by Seller.
Misdirected Payment Fee. The rate set forth in Annex A, multiplied by the amount of any payment on a Purchased Account.
All Definitions