Common use of Account Agreements and Guidelines Clause in Contracts

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, Centurion the Seller 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 the Seller 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 the Seller and an unrelated third party or by the terms of the Account Agreements. Notwithstanding the above, unless required by Requirements of Law, Centurion the Seller will not take any action with respect to such Account Agreements or such Account Guidelines which, at the time of such action, Centurion the Seller reasonably believes will have a material adverse effect on TRS.