Adjustments to Deposit. (a) Servicer will use the Methodology described in Section 8 of this Exposure Protection Schedule (the “Methodology”) to calculate Gross Exposure each Business Day. Carrier acknowledges that Servicer has explained to it and it understands Servicer’s Methodology for determining Gross Exposure and the amount of the Aggregate Protection and hereby agrees to be bound by such Methodology and the determinations made by Servicer as a result thereof, absent manifest error. Among other things, Carrier understands that Gross Exposure includes the value of Travel Costs for goods or services sold to Cardholders who used their Cards to purchase such goods or services with respect to which Carrier has not yet provided such goods or services. Servicer and Carrier may change the Methodology by mutual agreement.
Adjustments to Deposit. (a) Servicer will use the Methodology described in Section 8 of this Exposure Protection Schedule (the “Methodology”) to calculate Gross Exposure each Business Day. Carrier acknowledges that Servicer has explained to it and it understands Servicer’s Methodology for determining Gross Exposure and the ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission. amount of the Aggregate Protection and hereby agrees to be bound by such Methodology and the determinations made by Servicer as a result thereof. Among other things, Carrier understands that Gross Exposure includes the value of Travel Costs for goods or services sold to Cardholders who used their Cards to purchase such goods or services with respect to which Carrier has not yet provided such goods or services. Servicer and Carrier may change the Methodology by mutual agreement.
Adjustments to Deposit. (a) Member will use the Methodology described in Section 8 of this Exposure Protection Schedule (the “Methodology”) to calculate Gross Exposure each Business Day. Carrier acknowledges that Member has explained to it and it understands Member’s Methodology for determining Gross Exposure and the amount of the Aggregate Protection and hereby agrees to be bound by such Methodology and the determinations made by Member as a result thereof; provided, however, that Carrier may, in good faith, dispute any determination made by Member by delivery of notice thereof to Member, and the parties shall use commercially reasonable efforts to resolve the dispute as expeditiously as possible. Among other things, Carrier understands that Gross
Adjustments to Deposit. (a) Member will use the Methodology described in Section 8 of this Exposure Protection Schedule (the “Methodology”) to calculate Gross Exposure each Business Day. Carrier acknowledges that Member has explained to it and it understands Member’s Methodology for determining Gross Exposure and the amount of the Aggregate Protection and hereby agrees to be bound by such Methodology and the determinations made by Member as a result thereof; provided, however, that Carrier may, in good faith, dispute any determination made by Member by delivery of notice thereof to Member, and the parties shall use commercially reasonable efforts to resolve the dispute as expeditiously as possible. Among other things, Carrier understands that Gross Exposure includes the value of Travel Costs for goods or services sold to Cardholders who used their Cards to purchase such goods or services with respect to which Carrier has not yet provided such goods or services. Member and Carrier may change the Methodology by mutual written agreement.
Adjustments to Deposit. Bank will use the Methodology described in Section 8 of this Schedule 2 (the “Methodology”) to calculate Gross Exposure (as defined in Section 8 of this Schedule 2) on a daily, weekly, bi-weekly, or monthly basis, as the Bank elects in its sole discretion. Carrier acknowledges that Bank has explained to it and it understands Bank’s Methodology for determining Gross Exposure and the amount of the Deposit and hereby agrees to be bound by such Methodology and the determinations made by Bank as a result thereof. Carrier understands that Gross Exposure includes, among other things, the value of Travel Costs for goods or services sold to Cardholders who used their Cards to purchase such goods or services with respect to which Carrier has not yet provided such goods or services. Bank and Carrier may change the Methodology by mutual agreement. Prior to the occurrence of any Triggering Event, the amount of the Deposit shall not be greater than [REDACTED] of Gross Exposure. From and after the occurrence of a Triggering Event, the amount of the Deposit shall be increased or decreased, as appropriate, based on the Methodology, to be in the following amount for the specified periods of time (such amount for the applicable date, the “Required Amount”)
Adjustments to Deposit. (a) Provider will use the Methodology described in Section 8 of this Exposure Protection Schedule (the “Methodology”) to calculate Gross Exposure and to determine, if applicable, whether the Settlement Period should be modified. Company acknowledges that Provider has explained to it and it understands Provider’s Methodology for determining Gross Exposure and the amount of the Aggregate Protection and hereby agrees to be bound by such Methodology and the determinations made by Provider as a result thereof. Among other things, Company understands that Gross Exposure includes the value of Travel Costs for goods or services sold to Cardholders who used their Cards to purchase such goods or services with respect to which Company has not yet provided such goods or services. Provider and Company may change the Methodology by mutual agreement.
