Common use of Reporting and Statement of Account Clause in Contracts

Reporting and Statement of Account. On a weekly basis, or as otherwise determined by WFBCI in its sole discretion, WFBCI shall prepare, and have available for the Customer, an accounting of the purchases, collections, fees and charges related to this Agreement which have occurred during that week. Should such a statement of account indicate a deficit balance, the Customer shall immediately pay to WFBCI, the amount of such deficit plus accrued interest on such deficit balance. Interest shall accrue on any deficit balance at the annual rate of eighteen percent (18%), calculated on a daily basis, not to exceed the applicable legal limit, until such deficit is paid in full.

Reporting and Statement of Account. On a weekly basis, or as otherwise determined by WFBCI in at its sole discretion, WFBCI shall prepare, and have make available for to the Customer, an accounting of the purchases, collections, fees and charges related to this Agreement which have occurred during that weekweek or other period. Should such a statement of account indicate a deficit balance, the Customer shall immediately pay to WFBCI, WFBCI the amount of such deficit plus accrued interest on such deficit balance. Interest shall accrue on any deficit balance at the annual rate of eighteen percent (18%), calculated on a daily basis, not to exceed the applicable legal limit, limit until such deficit is paid in full.

Reporting and Statement of Account. On a weekly basis, or as otherwise determined by WFBCI WFBW in its sole discretion, WFBCI WFBW shall prepare, and have available for the Customer, an accounting of the purchases, collections, fees and charges related to this Agreement which have occurred during that week. Should such a statement of account indicate a deficit balance, the Customer shall immediately pay to WFBCIWFBW, the amount of such deficit plus accrued interest on such deficit balance. Interest shall accrue on any deficit balance at the annual rate of eighteen percent (18%), calculated on a daily basis, not to exceed the applicable legal limit, until such deficit is paid in full.