Account Agreements and Credit Card Guidelines. Subject to --------------------------------------------- compliance with all Requirements of Law, the failure to comply with which would have a material adverse effect on the Purchaser or the Certificateholders, the Seller or the Servicer may change the terms and provisions of the Account Agreements or the Credit Card Guidelines in any respect (including, without limitation, the calculation of the amount, or the timing, of charge offs of Receivables) as follows: (i) if the Seller owns a comparable segment of accounts, then such change shall be made applicable to such comparable segment of the accounts owned and serviced by the Seller that have characteristics the same as, or substantially similar to, the Accounts that are the subject of such change, and (ii) if the Seller does not own such a comparable segment, then the Seller will not make or cause to be made any such change with the intent to materially benefit the Seller over the Purchaser or the Certificateholders.
Account Agreements and Credit Card Guidelines. The Seller shall comply with and perform its obligations under the applicable Account Agreements relating to the Accounts and the Credit Card Guidelines, except insofar as any failure so to comply or perform would not materially and adversely affect the rights of the Purchaser, the Trust or the Certificateholders, the ability of the Servicer to collect the Receivables, the validity or enforceability of this Agreement, the Pooling and Servicing Agreement, or any documents or agreements related thereto, or the performance by any party of its obligations hereunder or thereunder.
Account Agreements and Credit Card Guidelines. The Transferor and the Servicer shall comply, and shall cause the Eligible Originators to comply with and perform, their respective obligations under the applicable Account Agreements relating to the Accounts and the Credit Card Guidelines except insofar as any failure so to comply or perform would not materially and adversely affect the rights of the Trust or the Investor Certificateholders hereunder (without regard to the amount of any Enhancement) or under the Certificates. Subject to compliance with all Requirements of Law, the failure to comply with which would have a material adverse effect on the Investor Certificateholders (without regard to the amount of any Enhancement), the Transferor or the Servicer may change, or cause any Eligible Originator to change, the terms and provisions of the Account Agreements or the Credit Card Guidelines in any respect (including, without limitation, the calculation of the amount, or the timing, of charge offs) as follows: (a) if the Transferor owns a comparable segment of accounts, then such change shall be made applicable to such comparable segment of the accounts owned and serviced by the Transferor that have characteristics the same as, or substantially similar to, the Accounts that are the subject of such change, and (ii) if the Transferor or the applicable Eligible Originator does not own such a comparable segment, then the Transferor will not make or cause to be made any such change with the intent to materially benefit the Transferor over the Investor Certificateholders.
Account Agreements and Credit Card Guidelines. The Transferor and the Servicer shall comply, and shall cause the Eligible Originators to comply with and perform, their respective obligations under the applicable Account Agreements relating to the Accounts and the Credit Card Guidelines except insofar as any failure so to comply or perform would not materially and adversely affect the rights of the Trust or the Investor Certificateholders hereunder (without regard to the amount of any Enhancement) or under the Certificates. Subject to compliance with all Requirements of Law, the failure to comply with which would have a material adverse effect on the Investor Certificateholders (without regard to the amount of any Enhancement), the Transferor or the Servicer may
Account Agreements and Credit Card Guidelines. The Seller shall comply, and shall cause its Subsidiaries to comply with and perform, their respective obligations under the applicable Account Agreements relating to the Accounts and the Credit Card Guidelines except insofar as any failure so to comply or perform would not materially and adversely affect the rights of the Purchaser, the Trust or the Certificateholders, the ability of the Servicer to collect the Receivables, the validity or enforceability of this Agreement, the Pooling and Servicing Agreement, or any documents or agreements related thereto, or on the performance by any party of its obligations thereunder. The Seller also covenants that, except as required by law or as the Seller shall deem advisable for its credit card program based on a good faith assessment by the Seller, in its sole discretion, of the various factors affecting the use of its credit card accounts, the Seller will not reduce the finance charges or other fees on the Accounts if, as a result of such reduction, its reasonable expectation of Portfolio Yield as of the time of such reduction would be less than the weighted average base rates of all outstanding Series. In addition, the Seller covenants that, unless required by law, it will not reduce the annual percentage rate, if its reasonable expectation of Portfolio Yield would be less than the highest Certificate Rate for any outstanding Series.
