Company Option to Purchase the Program Assets. (a) If this Agreement expires or is terminated by either party for whatever reason, except for termination under Section 14.4 and except as set forth in Section 15.2(d), Company has the option to purchase (or to arrange for one or more third parties nominated by Company (a “Nominated Purchaser”) to purchase) from Bank the Program Assets, including all relevant Account Documentation, Account information and history and other data reasonably necessary [*] Indicates confidential portions omitted pursuant to a request for confidential treatment filed separately with the Commission. to enable continuing operation and management of the Accounts (the “Purchase Option”), at the purchase price set forth in Section 15.2(d), Section 15.2(e) or Section 15.2(f), as applicable, and on customary terms and conditions (and no more onerous to (i) Bank than those applicable to Company in the Purchase Agreement or (ii) Company or the Nominated Purchaser than those applicable to Bank in the Purchase Agreement).
Company Option to Purchase the Program Assets. (a) If this Agreement expires or is terminated by either party for whatever reason, except for termination under Section 14.4 and except as set forth in Section 15.2(d), Company has the option to purchase (or to arrange for one or more third parties nominated by Company (a “Nominated Purchaser”) to purchase) from Bank the Program Assets, including all relevant Account Documentation, Account information and history and other data reasonably necessary to enable continuing operation and management of the Accounts (the “Purchase Option”), at the purchase price set forth in Section 15.2(d), Section 15.2(e) or Section 15.2(f), as applicable[*]
Company Option to Purchase the Program Assets. (a) If this Agreement expires or is terminated after the Closing Date by either party for whatever reason, Company directly or through Company Bank or another Affiliate shall have the option to purchase (or to arrange for one or more third parties nominated by Company (a “Nominated Purchaser”) to purchase) from Bank the Program Assets, including all relevant Account Documentation, Account information and history and other data reasonably necessary to enable continuing operation and management of the Accounts (the “Purchase Option”), at the purchase price set forth in Section 15.2(d) or Section 15.2(e) and on customary terms and conditions (and no more onerous to (i) Bank than those applicable to Company in the Purchase Agreement or (ii) Company or the Nominated Purchaser than those applicable to Bank in the Purchase Agreement). (b) The Purchase Option is exercisable by Company, Company Bank or a Nominated Purchaser serving written notice of such exercise to Bank (the “Purchase Notice”). The Purchase Notice must be delivered within the timeframe set forth in clause (b) of Schedule 15.2. * 72 (c) If such Purchase Option is exercised, Company, Company Bank or a Nominated Purchaser must complete the purchase of the Program Assets within one hundred eighty (180) days after delivery of the Purchase Notice; provided, however, that consummation of the purchase of the Program Assets shall occur no earlier than the Termination Date; provided, further, that the one hundred eighty (180) day timeframe set forth in this Section 15.2(c) may be extended to up to two hundred seventy (270) days after delivery of the Purchase Notice as necessary for required regulatory approvals. The date of such completion shall be the “Program Purchase Date.” (d) If this Agreement expires in accordance with Section 14.1, or is terminated pursuant to clause (g) or (h) of Schedule 14.2, the purchase price for the Program Assets purchased, other than the Existing Receivables, payable on the Program Purchase Date, shall be equal to: (i) the Cardholder Indebtedness outstanding on the Program Purchase Date that did not exist as of the Closing Date and that has not been written off in accordance with the Risk Management Policies; and (ii) the Existing Receivables may not be purchased, except pursuant to a Clean Up Call Option; provided that pursuant to such Clean Up Call Option the purchase price for the Existing Receivables shall be equal to the Cardholder Indebtedness as of the Program Purchase...
Company Option to Purchase the Program Assets. (a) If this Agreement expires or is terminated after the Closing Date by either party for whatever reason, Company directly or through Company Bank or another Affiliate shall have the option to purchase (or to arrange for one or more third parties nominated by Company (a “Nominated Purchaser”) to purchase) from Bank the Program Assets, including all relevant Account Documentation, Account information and history and other data reasonably necessary to enable continuing operation and management of the Accounts (the “Purchase Option”), at the purchase price set forth in Section 15.2(d) or Section 15.2(e) and on customary terms and conditions (and no more onerous to (i) Bank than those applicable to Company in the Purchase Agreement or (ii) Company or the Nominated Purchaser than those applicable to Bank in the Purchase Agreement).
