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Agmt15 Wells Fargo Bank
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Agmt15 Wells Fargo Bank
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Last modified
8/27/2015 10:18:12 AM
Creation date
8/27/2015 10:16:26 AM
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Agreement
Contractor Name
Wells Fargo Bank
PROJECT NAME
Banking and Cash Management Services
RMP File Number
304
Date
8/26/2015
MO Ref
15-141
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Account, Company also authorizes Bank to redeem Company's shares in the <br /> Designated Money Market Fund and apply the proceeds to any obligation <br /> Company owes Bank.The rights described in this subsection are in addirion <br /> to and apart from any other rights, including any rights granted under any <br /> securiry interest that Company may have granted to Bank. <br /> Bank Fees and Expenses <br /> General. <br /> Company agrees to pay Bank in accordance with the fee and information <br /> schedule. Company also agrees to pay an amount equal to any applicable <br /> taxes,however designated,exclusive of taxes based on the net income of <br /> Bank. <br /> Payment of Bank Fees and Expenses; Finance Charges. <br /> Bank may either directly debit Company's Account or invoice Company for <br /> Bank fees and expenses and taxes incurred in connection with Company's <br /> Account and any Service.If an Earnings Allowance accrues on Company's <br /> Account, Bank will periodically apply Company's accrued Earnings <br /> Allowance to Bank fees and expenses (unless Bank otherwise indicates in <br /> writing). Bank may debit Company's Account (or any other Account <br /> Company maintains at Bank)or invoice Company for any amount by which <br /> the fees and expenses exceed the accrued Earnings Allowance on <br /> Company's Account. Bank may also debit Company's Account (and any <br /> other account Company maintains at Bank)for attomeys' fees and any other <br /> fees and expenses Bank incurs in exercising its rights under this Agreement <br /> including Bank's rights in connection with Overdrafts, Adverse Claims, <br /> Legal Process and "Freezing" Company's Account. If there are insufficient <br /> funds in Company's Account to cover the debit, Bank may overdraw <br /> Company's Account. Company agrees to promptly pay any invoiced <br /> amount. Bank may assess finance charges on any invoiced amounts that are <br /> not paid within forty-five(45)days of the date of invoice.Finance charges <br /> are assessed at a rate of 1.5%per month (18%per annum) or the highest <br /> amount permitted by the laws governing this Agreement, whichever is less. <br /> Charges for accrued and unpaid interest and previously assessed finance <br /> charges will not be included when calculating finance charges. Payments <br /> and other reductions of amounts owed will be applied first to that portion of <br /> outstanding fees ariributable to charges for accrued and unpaid interest and <br /> previously assessed finance charges, then to other fees and expenses. <br /> Debiting of service fees occurs on the day of each calendar month Bank <br /> separately discloses to Company,or ifthe disclosed day is not a Business <br /> Day,on the next succeeding Business Day. <br /> 29 <br />
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