BRC Fee definition
BRC Fee means a fee payable in connection with each submission by LESCO to Bank of Charge Transaction Data pertaining to purchases financed on BRC Accounts, calculated as set forth in Section 3.4(c).
Examples of BRC Fee in a sentence
LESCO shall pay to Bank the Prox Fee in connection with each submission to Bank of Charge Transaction Data pertaining to purchases financed on Prox Accounts, the Net Invoice Fee in connection with each submission to Bank of Charge Transaction Data pertaining to purchases financed on Net Invoice Accounts, and the BRC Fee in connection with each submission to Bank of Charge Transaction Data pertaining to purchases financed on BRC Accounts.
Any adjustment to the Prox Fee Percentages and BRC Fee Percentages required under the preceding sentence shall be effective on the first day after the applicable Program Commencement Date anniversary.