Prime Plus Fee

Example Definitions of "Prime Plus Fee"
Prime Plus Fee. Customer shall pay a fee at an annual rate equal to prime plus two percent (2.0%) of all funds employed to purchase Bills ("Prime Plus Fee").
Prime Plus Fee. Customer will pay a fee at an annual rate equal to Prime Rate (defined below) plus 1.5% per annum of all funds employed to purchase Bills (the "Prime Plus Fee"). The Prime Plus Fee shall be calculated on the basis of a 360-day year and the actual number of days elapsed in each month, provided however the Prime Plus Fee for any month shall not be less than $4,500.00 ("Minimum Prime Plus Fee"). Funds employed shall be calculated by SYSTRAN on a daily basis... based upon bills unpaid and outstanding, less the Deposit. A change in the Prime Plus Fee due to a Prime Rate change will be effective upon the date of the change, which will be indicated on the settlement statement. View More Arrow
All Definitions