Common use of Adjustments for Miscellaneous Credits and Fraudulent Charges Clause in Contracts

Adjustments for Miscellaneous Credits and Fraudulent Charges. (i) The Servicer shall be obligated to reduce or adjust, as the case may be, on a net basis the aggregate amount of Principal Receivables as provided in this subsection 4.2(d) (a "Credit Adjustment") with respect to ----------------- ----------------- any Principal Receivable (A) which was created in respect of merchandise refused or returned by the Obligor thereunder or as to which the Obligor thereunder has asserted a counterclaim or defense, (B) which is reduced by the Servicer by any charge-back or adjustment, (C) which was created as a result of a fraudulent or counterfeit charge,

Adjustments for Miscellaneous Credits and Fraudulent Charges. (i) The Servicer shall be obligated to reduce or adjust, as the case may be, on a net basis the aggregate amount of Principal Receivables as provided in this subsection 4.2(d) (a "Credit Adjustment") with respect to ----------------- ----------------- any Principal Receivable (A) which was created in respect of merchandise refused or returned by the Obligor thereunder or as to which the Obligor thereunder has asserted a counterclaim or defense, (B) which is reduced by the Servicer by any charge-back or adjustment, (C) which was created as a result of a fraudulent or counterfeit charge,, (D) which is reduced by adjustments relating to returned or dishonored checks, or (E) which results from Servicer error.