Common use of Account Benefits Clause in Contracts

Account Benefits. 1. To the extent that Seller provides, or facilitates through a third party the provision of Account Benefits to Cardholders related to use of their Accounts, Seller shall cooperate with Purchaser to facilitate the continued enjoyment by Cardholders of the applicable Account Benefit(s) as close to the Conversion Date as possible, but may not terminate Seller’s Account Benefits prior to the time that Purchaser may communicate Purchaser’s Account Benefits to Cardholders. Where a third party is providing one or more Account Benefit(s), Seller shall be solely responsible for working with providers of such benefits for the timely cancellation of such benefits (which Seller acknowledges was Seller’s decision in connection with entering into this Agreement), and Seller shall indemnify and hold harmless Purchaser from any claims that a third party Account Benefit provider may have in connection with the cancellation of the agreement between such third party and Seller. Purchaser may communicate with Cardholders about Purchaser’s Account Benefits including, but not limited to, Purchaser’s reward program, if applicable, at anytime prior to cancellation or termination of Seller’s Account Benefits. Purchaser’s communication of the Purchaser’s Account Benefits will be sent to Cardholders prior to the Conversion Date, which may necessitate that such communication occur prior to the Closing Date. Purchaser shall work with Seller to ascertain the applicable timelines for such communications, some of which may be set forth in Schedule B.