Account Origination Fee definition
Examples of Account Origination Fee in a sentence
Subject to Paragraphs 2 and 3 of this Schedule B, FUSA shall pay to the Company a $[**] fee (the "Account Origination Fee") for every FUSA Account opened for which (a) the application was generated by marketing programs conducted through the Company Services and (b) at least one statement with a balance due has been sent to the Company Customer for such Account (each, a "Company-Sourced Account").
Subject to Paragraph 2 of this SCHEDULE B, FUSA shall pay to the Company a fee (the "Account Origination Fee") for every FUSA Account opened for which (a) the application was generated by the marketing programs conducted through Company Services and (b) at least one statement with a balance due has been sent to the Company Customer for such Account (each, a "Company-Sourced Account").
The Account Origination Fee for each Company-Sourced Account shall be (x) [**] for each of the first [**] Company-Sourced Accounts, (y) [**] for each of the next [**] Company-Sourced Accounts, and (z) [**] for each Company-Sourced Account over the first [**] Company Sourced-Accounts.