Conversion of Purchased Accounts. If Bank or any of its Affiliates acquires any Credit Card portfolio pursuant to this Section 2.3, unless otherwise provided in this Section 2.3, the Parties shall integrate such Credit Card portfolio with the Program and convert all acquired Credit Card accounts to Accounts established under the Program, which converted Accounts shall be subject to the same terms and conditions as the Accounts and to this Agreement, and shall participate in the Program, as if they were originated under this Agreement. Bank shall cover all costs and expenses related to conversions pursuant to this Section 2.3(f) (which costs and expenses shall be Program Expenses), including replacement of Credit Cards, notices to Cardholders and complying with other requirements of Applicable Law.
Conversion of Purchased Accounts. (a) If Bank acquires any Credit Card portfolio pursuant to Section 14.1 or 14.2, or operates a Credit Card portfolio as set forth in Section 14.3, NMG and Bank shall negotiate in good faith in order to arrive at mutually agreeable terms pursuant to which the acquired Credit Card portfolio would be integrated into the Program, it being understood that, absent unique characteristics of the accounts acquired or impediments under Applicable Law or the cardholder agreements applicable to the acquired accounts, it is the mutual intent of the Parties that the acquired accounts be integrated as follows; provided, however, that if based on the foregoing principles and pursuant to such good faith negotiations the Parties determine that the terms of this Agreement should not apply to such acquired assets, the acquired accounts shall be governed by such other and/or additional terms as the Parties shall agree; provided that accounts in any portfolio operated by Bank and acquired pursuant to Section 14.3 shall continue to be governed by the agreement then in effect with respect to such accounts. Subject to the foregoing:
(i) Private label Credit Card accounts shall be converted to Accounts established under the Program, which converted Accounts shall be subject to the same terms and conditions as the Accounts and to this Agreement, and participate in the Program, as if they were originated under this Agreement.
(ii) If the NMG Companies have a Dual-Line Credit Card program with Bank at the time of such purchase, purchased co-branded Credit Card accounts shall be converted to Non-Store Accounts to the extent permitted by Card Association rules, which converted accounts shall be subject to the same terms and conditions and participate in such program as if they were originated under this Agreement.
(iii) If the NMG Companies do not have a Dual-Line Credit Card program with Bank at the time of such purchase, purchased co-branded Credit Card accounts shall continue under the same terms and conditions being offered to the purchased retailer’s customers, or such other terms and conditions upon which NMG and Bank shall mutually agree.
(b) Bank shall cover all costs related to conversions pursuant to this Section 14.5, including replacement of Credit Cards, notices to Cardholders and complying with other requirements of Applicable Law.
Conversion of Purchased Accounts. (a) If the Bank acquires any Credit Card portfolio pursuant to Section 14.1(a) or Section 14.1(b) or if the Company elects to integrate any such acquired portfolio pursuant to Section 14.1(c), [****].
(b) Each Party shall [****], unless the Parties otherwise agree to modify such terms and conditions.
(c) [****].
Conversion of Purchased Accounts. If Bank acquires any Acquired Retailer Portfolio pursuant to Section 12.1(a)(i) or Section 12.1(a)(ii), or must integrate an Acquired Retailer Portfolio as set forth in Section 12.1(a)(iii), Bank shall integrate such Acquired Retailer Portfolio with the Program as follows:
(i) [*]
(ii) [*]
Conversion of Purchased Accounts. (a) If the Bank acquires any New Portfolio pursuant to Section 14.1(a) or Section 14.1(b) or if the Parties agree to integrate any such New Portfolio pursuant to Section 14.1(c), subject to the terms of any agreements entered into between the Company and the Bank pursuant to Section 14.1, private label credit card accounts shall be converted to Private Label Accounts and co-branded credit card accounts shall be converted to Co-Branded Accounts established under the Program, which converted Accounts shall be subject to the same terms and conditions as the Accounts and to this Agreement, and participate in the Program, as if they were originated under this Agreement.
(b) The Bank shall cover all costs related to conversions pursuant to this Section 14.2, including replacement of Credit Cards, notices to Cardholders and complying with other requirements of Applicable Law.
Conversion of Purchased Accounts. On the Conversion Date, subject to Applicable Law, Bank shall convert all of the Purchased Accounts to the terms and conditions specified in Schedule 2.2 hereto, provided that Bank on the Conversion Date shall not decrease or eliminate (but may increase) any existing credit line assignments. As soon as reasonably practicable after the Effective Date, and in any event prior to the Conversion Date, Bank shall prepare and send a change in terms notice as required by Applicable Law to each Person obligated on a Purchased Account. Descriptions of the terms and conditions of the Account and the Value Proposition, if any, shall be included as part of such notices to the extent required by Applicable Law. All such notices and descriptions shall be reviewed and approved by the Marketing Committee. Bank shall issue new Private Label Credit Cards and shall use its best efforts to maintain existing Account numbers on the Accounts.
Conversion of Purchased Accounts. If Bank acquires any credit card portfolio pursuant to Section 2.6(a)(i) or (ii), or operates a credit card portfolio as set forth in Section 2.6(a)(iii), Bank shall integrate such credit card portfolio with the Program as follows.
(i) Private label credit card accounts shall be converted to Accounts established under the Program, which converted Accounts shall be subject to the same terms and conditions and to this Agreement, and participate in the Program, as if they were originated under this Agreement.
(ii) If Dillard's has a Co-Branded Credit Card program with Bank at the time of such purchase, purchased co-branded credit card accounts shall be converted to Co-Branded Credit Card accounts, which converted accounts shall be subject to the same terms and conditions and participate in such program as if they were originated under the Co-Branded Credit Card program agreement.
(iii) If Dillard's does not have a Co-Branded Credit Card program with Bank at the time of such purchase, purchased co-branded credit card accounts shall continue under the same terms and conditions being offered to the purchased retailer's customers, or such other terms and conditions upon which Dillard's and Bank shall mutually agree.
(iv) Bank shall cover all costs related to conversions pursuant to this Section 2.6(b), including replacement of credit cards, notices to Cardholders and complying with other requirements of Applicable Law.
Conversion of Purchased Accounts. 32 ARTICLE 13 - MISCELLANEOUS............................................................................. 33 Section 13.1 Bon-Ton Financial Information..................................................... 33 Section 13.2 Securitization.................................................................... 33 Section 13.3 Limited License................................................................... 34 Section 13.4 Material Inducement............................................................... 34 Section 13.5 Confidentiality................................................................... 34 Section 13.6 Information Security.............................................................. 35
Conversion of Purchased Accounts. 60 14.5 No Other Belk Obligations..................................... 61
Conversion of Purchased Accounts. (a) If Bank acquires any Credit Card portfolio pursuant to Section 14.1 or 14.2, Parent and Bank shall negotiate in good faith in order to arrive at mutually agreeable terms pursuant to which the acquired Credit Card portfolio would be integrated into the Program, it being understood that, absent unique characteristics of the accounts acquired or impediments under Applicable Law or the cardholder agreements applicable to the acquired accounts, it is the mutual intent of the Parties that the acquired accounts be integrated in accordance with this Section 14.4; provided, however, that if based on the foregoing principles and pursuant to such good faith negotiations the Parties determine that the terms of this Agreement should not apply to such acquired assets, the acquired accounts shall be governed by such other and/or additional terms as the Parties shall agree. Subject to the foregoing, Credit Card accounts shall be converted to Accounts established under the Program, which converted Accounts shall be subject to the same terms and conditions as the Accounts and to this Agreement, and participate in the Program, as if they were originated under this Agreement.
(b) Bank shall cover all reasonable costs related to conversions pursuant to this Section 14.4, including replacement of Credit Cards, notices to Cardholders and complying with other requirements of Applicable Law.
