As of 4/1/96
Xxxxxxxxxx Xxxx Credit Corporation
000 Xxxxx Xxxxx
Xxx Xxxxx, Xxxxxx 00000
Gentlemen:
Reference is made to the Account-Related Agreement by and between
Xxxxxxxxxx Xxxx Credit Corporation ("MWCC") and Xxxxxxxxxx Xxxx & Co.,
Incorporated ("MW"), dated as of April 1, 1996 (the "Account-Related
Agreement").
Signature Financial/Marketing, Inc. ("Signature"), shall reimburse
MWCC for amounts of continued assessments on Accounts with respect to fees,
premiums and charges of Signature where (i) such accounts are past due for
thirty (30) days or more on five (5) minimum payments at the time of assessment
and (ii) where MWCC writes-off such Accounts. Accounts are those defined in the
Account-Related Agreement.
Signature shall make such reimbursement payment within ten days after
MWCC bills Signature for such amounts.
With respect to such reimbursements payments for the period April 1,
1996 through December 31, 1996, MWCC shall xxxx Signature in January 1997 for
such period and Signature shall make such payment on or before January 31, 1997.
Dated: December 20, 1996
Very truly yours,
SIGNATURE FINANCIAL/
MARKETING, INC.
By:________________________
Acknowledge and Agreed To:
XXXXXXXXXX XXXX CREDIT CORPORATION
By:______________________________
