Account Agreements and Guidelines. Each Transferor that is an Account Owner covenants that it shall comply with and perform its obligations under the Account Agreements relating to the Accounts and the Account Guidelines and all applicable rules and regulations of such Transferor except insofar as any failure to comply or perform would not materially and adversely affect the rights of the Trust or the Noteholders; provided, however, the applicable Transferor may change the terms and provisions of the applicable Account Agreements or the applicable Account Guidelines in any respect (including the calculation of the amount, or the timing, of charge-offs and other fees to be assessed thereon) only if such change (i) would not, in the reasonable belief of such applicable Transferor, cause an Early Amortization Event or Event of Default to occur, and (ii) is made applicable to any comparable segment of the charge accounts owned by such applicable Transferor which have characteristics the same as, or substantially similar to, the Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between such applicable Transferor and an unrelated third party or by the terms of the Account Agreements.
Account Agreements and Guidelines. Subject to compliance with all Requirements of Law, Centurion may effect or permit a change to the terms and provisions of the Account Agreements or the Account Guidelines applicable to the Accounts in any respect (including the calculation of the amount or the timing of charge-offs and other fees to be assessed thereon) only if such change is made applicable to any comparable segment of charge accounts owned by Centurion which have characteristics the same as, or substantially similar to, the Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between Centurion and an unrelated third party or by the terms of the Account Agreements. Notwithstanding the above, unless required by Requirements of Law, Centurion will not take any action with respect to such Account Agreements or such Account Guidelines which, at the time of such action, Centurion reasonably believes will have a material adverse effect on TRS.
Account Agreements and Guidelines. Subject to compliance with all Requirements of Law and paragraph (a) above, Centurion Bank, FSB or other Account Owner, as the case may be, may change the terms and provisions of the applicable Account Agreements or the applicable Credit Guidelines in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Rate Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by paragraph (a) above, Centurion Bank, FSB or other Account Owner, as the case may be, will not take any action with respect to the applicable Account Agreements or the applicable Credit Guidelines, which, at the time of such action, Centurion Bank, FSB or other Account Owner, as the case may be, reasonably believes will have a material adverse effect on the rights of the Trust or the Investor Certificateholders. Each Transferor further covenants that it will not enter into any amendment to any Receivables Purchase Agreement to which it is a party, or enter into a new Receivables Purchase Agreement unless the Rating Agency Condition shall have been satisfied.
Account Agreements and Guidelines. Subject to compliance with all Requirements of Law, FSB may effect or permit a change to the terms and provisions of the Account Agreements or the Account Guidelines applicable to the Accounts in any respect (including the calculation of the amount or the timing of charge-offs and other fees to be assessed thereon) only if such change is made applicable to any comparable segment of charge accounts owned by FSB which have characteristics the same as, or substantially similar to, the Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between FSB and an unrelated third party or by the terms of the Account Agreements. Notwithstanding the above, unless required by Requirements of Law, FSB will not take any action with respect to such Account Agreements or such Account Guidelines which, at the time of such action, FSB reasonably believes will have a material adverse effect on TRS.
Account Agreements and Guidelines. Subject to compliance with all Requirements of Law, TRS may effect or permit a change to the terms and provisions of the Account Agreements or the Account Guidelines applicable to the Accounts in any respect (including the calculation of the amount or the timing of charge-offs and other fees to be assessed thereon) only if such change is made applicable to any comparable segment of charge accounts owned by the related Account Owner or TRS which have characteristics the same as, or substantially similar to, the Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between the related Account Owner or TRS and an unrelated third party or by the terms of the Account Agreements. Notwithstanding the above, unless required by Requirements of Law, TRS will not take any action with respect to such Account Agreements or such Account Guidelines which, at the time of such action, TRS reasonably believes will have a material adverse effect on RFC VIII. TRS shall take reasonable steps to cause the related Account Owner to abide by these restrictions on changes and actions with respect to the Account Agreements and the Account Guidelines.
Account Agreements and Guidelines. Subject to compliance with all Requirements of Law and paragraph (h) above, FSB may change the terms and provisions of the Account Agreements or the Credit Guidelines applicable to the Accounts in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Rate Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by paragraph (h) above, FSB will not take any action with respect to such Account Agreements or such Credit Guidelines which, at the time of such action, FSB reasonably believes will have a material adverse effect on RFC IV.
Account Agreements and Guidelines. Subject to compliance with all Requirements of Law and paragraph (h) above, Centurion may change the terms and provisions of the Account Agreements or the Credit Guidelines applicable to the Accounts in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Rate Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by paragraph (h) above, Centurion will not take any action with respect to such Account Agreements or such Credit Guidelines which, at the time of such action, Centurion reasonably believes will have a material adverse effect on RFC III.
Account Agreements and Guidelines. Such Transferor shall cause the Account Originators to comply with and perform its obligations under the applicable Account Agreements relating to the Accounts and the Account 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 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, an Account Originator may change the terms and provisions of its Account Agreements or its Account Guidelines in any respect (including, without limitation, the calculation of the amount, or the timing, of Charge-Offs) as follows: (a) if such Account Originator owns a comparable segment of accounts then such change shall be made applicable to such comparable segment of the accounts owned and serviced by it that have characteristics the same as, or substantially similar to, the Accounts that are the subject of such change, and (b) if such Account Originator does not own such a comparable segment, then it will not make any such change with the intent to materially benefit itself, or any Transferor over the Investor Certificateholders.
Account Agreements and Guidelines. The Seller shall comply with --------------------------------- and perform its obligations under the applicable Account Agreements relating to the Accounts and the Account 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 under the Restated Agreement (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 under the Restated Agreement (without regard to the amount of any Enhancement), the Seller may change the terms and provisions of the Account Agreements or the Account Guidelines in any respect (including, without limitation, the required minimum monthly payment, the calculation of the amount, or the timing, of charge-offs and the Finance Charges and other fees to be assessed thereon) only if such change (i) would not, in the reasonable belief of the Bank, cause an Early Amortization Event to occur and (ii) is made applicable to the comparable segment of the revolving credit card accounts owned and serviced by the Bank that have characteristics the same as, or substantially similar to, the Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship or other agreement between the Bank and an unrelated third party or by the terms of the Account Agreements.
Account Agreements and Guidelines. Subject to compliance with all Requirements of Law and Section 5.01(h) above, the Seller may affect or permit a change to the terms and provisions of the Account Agreements or the Account Guidelines in any respect (including the calculation of the amount, or the timing, of charge-offs and other fees to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by Section 5.01(h) above, the Seller will not take any action with respect to any Account Agreement or such Account Guidelines, which at the time of such action, the Seller reasonably believes will have a material adverse effect on Dryrock Funding.
