Common use of Bank's Responsibility for Program Operation Clause in Contracts

Bank's Responsibility for Program Operation. Except as otherwise expressly specified in this Agreement, Bank shall be responsible for the costs of operating the Program. Except as expressly contemplated by the Budget approved by the Operating Committee or as otherwise expressly provided for in this Agreement, Bank shall not incur costs that would be deemed Program Expenses unless otherwise approved by the Operating Committee.

Appears in 3 contracts

Samples: Credit Card Agreement (Macy's, Inc.), Credit Card Program Agreement (Macy's, Inc.), Credit Card Program Agreement (Federated Department Stores Inc /De/)

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Bank's Responsibility for Program Operation. Except as otherwise expressly specified in this Agreement, the Bank shall be responsible for the costs of operating the Program. Except as expressly contemplated by the Budget approved by the Operating Committee or as otherwise expressly provided for in this Agreement, Bank shall not incur costs that would be deemed Program Expenses unless otherwise approved by the Operating Committee.

Appears in 1 contract

Samples: Confidential Treatment Requested (Coldwater Creek Inc)

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