Common use of CHARGES TO WHOLESALE RESERVE ACCOUNT Clause in Contracts

CHARGES TO WHOLESALE RESERVE ACCOUNT. Statesman may in its ------------------------------------ sole and absolute discretion charge losses on Purchased Wholesale Accounts related to Credit Risk as set forth in Section 4.06 against the Wholesale Reserve Account. Statesman agrees to add to the Wholesale Reserve Account the amount received as a recovery less associated collection costs on any purchased Wholesale Accounts which were previously charged to the Wholesale Reserve Account. Statesman shall notify the Cooperative promptly in writing of any such reduction in the Wholesale Reserve Account. As of the end of each month, Statesman will provide the Cooperative with a report of transactions in the Wholesale Reserve Account during such month showing the balance in such account as of the end of such month.

CHARGES TO WHOLESALE RESERVE ACCOUNT. Statesman may in its ------------------------------------ sole and absolute discretion charge losses on Purchased Wholesale Accounts related to Credit Risk as set forth in Section 4.06 against the Wholesale Reserve Account. Statesman agrees to add to the Wholesale Reserve Account the amount received as a recovery less associated collection costs on any purchased Wholesale Accounts which were previously charged to the Wholesale Reserve Account. Statesman shall notify the Cooperative promptly in writing of any such reduction in the Wholesale Reserve Account. As of the end of each month, Statesman will provide the Cooperative with a report of transactions in the Wholesale Reserve Account during such month showing the balance in such account as of the end of such month.

CHARGES TO WHOLESALE RESERVE ACCOUNT. Statesman may in its ------------------------------------ sole and absolute discretion charge losses on Purchased Wholesale Accounts related to Credit Risk as set forth in Section 4.06 against the Wholesale Reserve Account. Statesman agrees to add to the Wholesale Reserve Account the amount received as a recovery less associated collection costs on any losses on purchased Wholesale Accounts which were previously charged to the Wholesale Reserve Account. Statesman shall notify the Cooperative promptly in writing of any such reduction in the Wholesale Reserve Account. As of the end of each month, Statesman will provide the Cooperative with a report of transactions in the Wholesale Reserve Account during such month showing the balance in such account as of the end of such month.