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Funding or Disbursement Account is Bank's Choice III account, "Account AgreemenY will mean <br /> Wells Fargo Bank, N. A.'s Business Account Agreement. The term °Bank" as used in the <br /> Account Agreement will mean the bank at which such Disbursement Account or Funding <br /> Account is maintained. <br /> 3. Determinatlon of Total Net Presentrnerrt. Each Business Day as defined in the applicable <br /> Account Agreement, by the reporting qmes Bank separately discloses to Company from time to <br /> time, Bank will make the Total Net Presentment for each Disbursement Account available to <br /> Company by means of the Information Reporting Service. The Total Net Presentment consists <br /> of the total dollar amount of: <br /> (a) Debits that have posted in the first and, if applicable, second presentment on that <br /> Business Day; and <br /> (b) Adjustments to the Disbursement Account reported on Bank's CD Summary report, <br /> including without limitation Oebits posted after the last presentment on the prior <br /> Business Day (these Debits are refened to collectively as the °Prior Day Funding <br /> Adjustments"). <br /> If the Total Net Presentment is not made available through the Information Reporting Service by <br /> the applicable reporting time, Bank will have no liability, and Company will estimate the Total <br /> Net Presentment. <br /> 4. Company's Obllgation to Deposit Funds in Funding Account Each Business Day, by the <br /> applicable cutoff time Bank separately discloses to Company from time to time, Company will <br /> , deposit good and collected funds in Funding Account so that the balance in Funding Account, <br /> determined in accordance with the applicable Account Agreemerrt, Is sufficient to cover either <br /> the Total Net Presentment or Company's estimate of the Total Net Presentmerrt. <br /> If Company fails to transfe� funds in accordance with its obligation under the prec�ding <br /> sentence or if such transfer was based on Company's estimate of the Total Net Presentment <br /> and such estimated amount was less than the actual Total Net Preseritment, Bank may, at its <br /> sole option, <br /> (a) advance to Funding Account(s) sufficient funds to pay the Debits preseMed for payment <br /> on the Disbursement Account and transfer such funds to the Disbursemerrt Account; or <br /> (b) retum, or cause Disbursing Bank to return, any Debits, in any order, unpaid (even <br /> though Bank or the Disbursing Bank may have previously established a pattern of <br /> paying such Debits). If Bank retums or causes Disbursing Bank to retum the Debits, <br /> Bank is authorized to instrud the Disbursing Bank to retum to Bank any funds Bank <br /> transferred to Disbursing Bank pursuant to Section 5. <br /> 5. Transfer of Funds to Disbursemerit Account Each Business Day, Bank will (a) transfer <br /> ftom the Funding Account to the Disburseme►it Account the amount necessary to cover the <br /> Total Net Presentment as shown on the CD Summary Report for that Business Day and (b) <br /> advance funds to the Disbursement Account in the amourrt sufficient to cover Debits that posted <br /> to Disbursement Account after the last presentment on that Business Day (and this amount <br /> advanced by Bank will be reported on the CD Summary Report for the next Buslness Day) <br /> 6. Disbursing Bank's Obligation to Pay Debits. No Disbursing Bank will have any obligation <br /> whatsoever to pay any Debit if sufficient good and collected funds to cover the Debit are not in <br /> 7M-1429 Conbolled Dlsbursement Servke DescripHon Peqe 2 of 5 <br /> ReNsed 04-3a2014 <br /> ATTY/AGR/2016.186/WELLS FARGO BANKING AGREEMENT <br />