Common use of Deduction of Additional Charges; Timing and Order of Disbursements Clause in Contracts

Deduction of Additional Charges; Timing and Order of Disbursements. (a) SBBT shall, upon receipt of a Customer’s disbursement reconciliation record from JHI, remit on the next succeeding business day directly by way of an ACH credit to the appropriate JHI bank account (identified to SBBT in writing by JHI), all additional fees and charges owing to JHI hereunder. (b) SBBT shall remit payment to each ERO of all fees and charges authorized by Customers to be paid to such ERO (including, without limitation, tax preparation, Gold Guarantee and other fees) in accordance with the applicable SBBT Bank Product Agreement between such ERO and SBBT. (c) All Bank Product disbursements shall be made to the Customer net of all authorized fees, deductions or charges. If SBBT receives a state tax refund before the IRS tax refund, then any and all JHI or ERO fees may be deducted from the state refund prior to disbursement to the Customer. If an IRS or state tax refund deposit is received in an amount less than anticipated, then disbursements will be made in the following order: first, to cover the Handling Fee and Finance Charge; second, to cover JHI fees; third, to cover ERO fees; fourth, to pay any outstanding RAL obligations the Customer may have; and fifth, to pay the Customer disbursement. SBBT’s portion of the Handling fee shall be disbursed first. If an Application is denied and the IRS funds a direct deposit, then SBBT’s fee shall be adjusted to remove the Finance Charge indicated on the Application and to reflect the appropriate prevailing ACR Handling Fee, listed on Exhibit B. (d) If the Customer’s refund received from the IRS exceeds the total amount owed pursuant to the RAL, or if after a RAL is denied, the return is accepted by the IRS and a direct deposit is made to the Deposit Account, then SBBT shall send a disbursement authorization record in the amount of the excess or the deposit, respectively (after adjusting for and posting fees), to JHI. If the refund is less than the amount anticipated, then SBBT shall notify the ERO and the Customer of such shortfall, and demand prompt payment to SBBT of the outstanding amount.

Deduction of Additional Charges; Timing and Order of Disbursements. (a) SBBT shall, upon receipt of a Customer’s disbursement reconciliation record from JHI, remit on the next succeeding business day directly by way of an ACH credit to the appropriate JHI bank account (identified to SBBT in writing by JHI), all additional fees and charges owing to JHI hereunder. (b) SBBT Republic shall remit payment to each the appropriate ERO of all fees and charges authorized by Customers to be paid to such ERO (including, without limitatione.g., tax preparation, Gold Guarantee preparation and other fees) upon funding of non-loan type Financial Products and upon approval of loan-type Financial Products. The foregoing shall be set forth in accordance with greater detail in the applicable SBBT Bank Republic Financial Product Agreement between such ERO and SBBTRepublic and in the Program Guidelines. (cb) All Bank Financial Product disbursements shall be made to the Customer net of all authorized fees, deductions or charges. If SBBT Republic receives a state tax refund before the IRS tax refund, then any and all JHI or Republic and ERO fees may be deducted from the state refund prior to disbursement to the Customer, unless otherwise prohibited by law. If an IRS or state tax refund deposit is received in an amount less than anticipated, then disbursements will be made in the following order: first, to cover the Handling Fee and Finance Chargefees owed to Republic; second, to cover JHI fees; third, to cover ERO fees; fourththird, to pay any outstanding RAL obligations the Customer may have; and fifthfourth, to pay the Customer disbursement. SBBT’s portion of the Handling fee shall be disbursed first. If an Application is denied and the IRS funds a direct deposit, then SBBT’s fee shall be adjusted to remove the Finance Charge indicated on the Application and to reflect the appropriate prevailing ACR Handling Fee, listed on Exhibit B.. (dc) If the Customer’s refund received from the IRS exceeds the total amount owed pursuant to the RAL, or if after a RAL is denied, the return is accepted by the IRS and a direct deposit is made to the Deposit Account, then SBBT Republic shall send a disbursement authorization record in the amount of the excess or the deposit, respectively (after adjusting for and posting fees), to JHI. If the refund is less than the amount anticipated, then SBBT Republic shall notify the ERO and the Customer of such shortfall, and demand prompt payment to SBBT Republic of the outstanding amount.

Deduction of Additional Charges; Timing and Order of Disbursements. (a) SBBT shall, upon receipt of a Customer’s disbursement reconciliation record from JHI, remit on the next succeeding business day directly by way of an ACH credit to the appropriate JHI bank account (identified to SBBT in writing by JHI), all additional fees and charges owing to JHI hereunder. (b) SBBT shall remit payment to each ERO of all fees and charges authorized by Customers to be paid to such ERO (including, without limitation, e.g. tax preparation, Gold Guarantee preparation and other fees) on funding of non-loan type financial products and approval of loan-type financial products. The foregoing shall be set forth in accordance with the applicable SBBT Bank Financial Product Agreement between such ERO and SBBT. (cb) All Bank Financial Product disbursements shall be made to the Customer net of all authorized fees, deductions or charges. If SBBT receives a state tax refund before the IRS tax refund, then any and all JHI or ERO fees may be deducted from the state refund prior to disbursement to the Customer. If an IRS or state tax refund deposit is received in an amount less than anticipated, then disbursements will be made in the following order: first, to cover the Handling Fee and Finance Chargefees owed to SBBT ; second, to cover JHI fees; third, to cover ERO fees; fourththird, to pay any outstanding RAL obligations the Customer may have; and fifthfourth, to pay the Customer disbursement. SBBT’s portion of the Handling fee shall be disbursed first. If an Application is denied and the IRS funds a direct deposit, then SBBT’s fee shall be adjusted to remove the Finance Charge indicated on the Application and to reflect the appropriate prevailing ACR Handling Fee, listed on Exhibit B.. (dc) If the Customer’s refund received from the IRS exceeds the total amount owed pursuant to the RAL, or if after a RAL is denied, the return is accepted by the IRS and a direct deposit is made to the Deposit Account, then SBBT shall send a disbursement authorization record in the amount of the excess or the deposit, respectively (after adjusting for and posting fees), to JHI. If the refund is less than the amount anticipated, then SBBT shall notify the ERO and the Customer of such shortfall, and demand prompt payment to SBBT of the outstanding amount.

Deduction of Additional Charges; Timing and Order of Disbursements. (a) SBBT shall, upon receipt of a Customer’s disbursement reconciliation record from JHI, remit on the next succeeding business day directly by way of an ACH credit to the appropriate JHI bank account (identified to SBBT in writing by JHI), all additional fees and charges owing to JHI hereunder. (b) SBBT shall remit payment to each ERO of all fees and charges authorized by Customers to be paid to such ERO (including, without limitation, e.g. tax preparation, Gold Guarantee preparation and other fees) on funding of non-loan type financial products and approval of loan-type financial products. The foregoing shall be set forth in accordance with the applicable SBBT Bank Financial Product Agreement between such ERO and SBBT. (cb) All Bank Financial Product disbursements shall be made to the Customer net of all authorized fees, deductions or charges. If SBBT receives a state tax refund before the IRS tax refund, then any and all JHI or ERO fees may be deducted from the state refund prior to disbursement to the Customer. If an IRS or state tax refund deposit is received in an amount less than anticipated, then disbursements will be made in the following order: first, to cover the Handling Fee and Finance Chargefees owed to SBBT; second, to cover JHI fees; third, to cover ERO fees; fourththird, to pay any outstanding RAL obligations the Customer may have; and fifthfourth, to pay the Customer disbursement. SBBT’s portion of the Handling fee shall be disbursed first. If an Application is denied and the IRS funds a direct deposit, then SBBT’s fee shall be adjusted to remove the Finance Charge indicated on the Application and to reflect the appropriate prevailing ACR Handling Fee, listed on Exhibit B.. (dc) If the Customer’s refund received from the IRS exceeds the total amount owed pursuant to the RAL, or if after a RAL is denied, the return is accepted by the IRS and a direct deposit is made to the Deposit Account, then SBBT shall send a disbursement authorization record in the amount of the excess or the deposit, respectively (after adjusting for and posting fees), to JHI. If the refund is less than the amount anticipated, then SBBT shall notify the ERO and the Customer of such shortfall, and demand prompt payment to SBBT of the outstanding amount.