WFBCI DISCOUNT

WFBCI DISCOUNT. Means the amount to be paid by the Customer according to the following schedule: (i) Days Rate (for payment of account) ---------- 1-30 1.25% of the gross face amount of each Account purchased by WFBCI. 45+ .0625 of 1% additionally per day until the account is paid in full. Upon request from customer, WFBCI may in its sole discretion, Purchase Accounts or... specific invoices that are less than $100.00. If any Event of Default exists, as defined below, this discount may increase in an amount to be determined by WFBCI at its sole discretion. WFBCI may, upon prior written notice to Customer, change the amount of any fee or charge at its sole discretion or if WFBCI's cost of funds increases for any reason. Such change shall be effective upon delivery of the notice. plus, (ii) Each Account purchased by WFBCI that is less than $500.00 shall be assessed an additional $3.00 charge. View More