Service Charge

Service Charge. A fee earned by Purchaser, which, in addition to the Discount Fee is in consideration of its performance of Credit and Collection Services, based on the number of days the Purchased Account is unpaid in whole or in part, computed from the invoice date (each, a "Service Charge Period"), and not Repurchased, as follows: Days Unpaid Service Charge Less than 46 days 0.00 % between 46 and 60 0.50 % between 61 and 90 1.00 %

Service Charge. A service charge specified as such in the Offer Letter