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JTX » Topics » B. RAL - Fixed Rebate

This excerpt taken from the JTX 8-K filed Apr 26, 2005.

B. RAL — Fixed Rebate

 

1. SBBT shall pay to  JHI for each RAL approved by SBBT an amount equal to: (i) $16.00 (the “RAL Fixed Rebate”) and (ii) $3.00 (the “RAL Fee”).

 

2. Payments of the RAL Fixed Rebate amounts pursuant to clause (i) above shall be disbursed within one business day following the approval of each RAL application and payments of amounts of the RAL Fee pursuant to clause (ii) above shall be paid no later than April 15 of each tax year.   Payments shall be made using ACH direct deposit to JHI’s bank account (as identified by JHI) or as otherwise directed.

 

This excerpt taken from the JTX 10-Q filed Mar 16, 2005.

B. RAL — Fixed Rebate

 

1. SBBT shall pay to JHI for each RAL approved by SBBT an amount equal to: (i) $ 16.00 (the “RAL Fixed Rebate”) and (ii) the amount of the RAL finance charge in excess of $75, if any (the “RAL Fee”).

 

2. Payments of the RAL Fixed Rebate amounts pursuant to clause (i) above shall be disbursed within one business day following the approval of each RAL application and payments of amounts of the RAL Fee pursuant to clause (ii) above shall be paid no later than April 15 of each tax year.  Payments shall be made using ACH direct deposit to JHI’s bank account (as identified by JHI) or as otherwise directed.

 

EXCERPTS ON THIS PAGE:

8-K
Apr 26, 2005
10-Q
Mar 16, 2005

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