Common use of Cooperation with Sale and Conversion Manager Clause in Contracts

Cooperation with Sale and Conversion Manager. Seller shall cooperate fully with Purchaser in connection with the sale and transfer of the Accounts, and shall designate a dedicated Conversion Manager within its organization to act as the primary contact for Purchaser. The Conversion Manager will be familiar with this Agreement and have decision making authority and the ability to coordinate activities contemplated under this Agreement to help facilitate the sale and transfer of the Accounts to be Sold. Seller and Purchaser shall schedule and attend meetings necessary to facilitate the smooth transfer of the Accounts to be Sold, and shall establish and adhere to timelines set up, as described further in Schedule B, to facilitate the transfer of the Accounts to be Sold. Should Seller be party to an agreement with a third party who is performing any functions related to the Accounts to be Sold (including, but not limited to processing or reward administration), Seller shall work with such third party to determine their respective obligations with respect to their agreement and facilitate the timely cancellation of any such agreement as well as timely transfer of such Accounts, following as closely as reasonably possible the timelines established by Purchaser.

Appears in 5 contracts

Samples: Account Purchase Agreement, Credit Card Account Purchase Agreement (Columbia Bancorp \Or\), Credit Card Account Purchase Agreement (Fulton Financial Corp)

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