Credit Agreements and Guidelines. Subject to compliance with all Requirements of Law and paragraph (a) above, the Servicer or the Bank (or other Account Owner if the Bank is not the Account Owner) may change the terms and provisions of the applicable Credit Agreements or the applicable Credit Guidelines of the Servicer or the Bank (or other Account Owner if the Bank is not the Account Owner) in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Rate Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by paragraph (a) above, the Servicer or the Bank (or other Account Owner if the Bank is not the Account Owner) will not take any action unless (i) at the time of such action, the Servicer or the Bank (or other Account Owner if the Bank is not the Account Owner) reasonably believes that such action will not cause an Adverse Effect, and (ii) such change is made applicable to the comparable segment of the revolving credit accounts owned by the Bank (or other Account Owner if the Bank is not the Account Owner) or serviced by the Servicer which have characteristics the same as, or substantially similar to, the Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between the Bank or an Affiliate of the Bank (or other Account Owner if the Bank is not the Account Owner) and an unrelated third party or by the terms of the Credit Agreements.
Credit Agreements and Guidelines. Subject to compliance with all Requirements of Law and paragraph (a) above, the Servicer or the Bank (or other Account Owner if the Bank is not the Account Owner) may change the terms and provisions of the applicable Credit Agreements or the applicable Credit Guidelines of the Servicer or the Bank (or other Account Owner if the Bank is not the Account Owner) in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Rate Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by paragraph (a) above, the Servicer or the Bank (or other Account Owner if the Bank is not the Account Owner) will not take any action unless (i) at the time of such action, the Servicer or the Bank (or other Account Owner if the Bank is not the Account Owner) reasonably believes that such action will not cause an Adverse Effect, and (ii) such change is made applicable to the comparable segment of the revolving credit accounts owned by the Bank (or other Account Owner if the Bank is not the Account Owner) or serviced by the Servicer which have characteristics the same as, or substantially similar to, the Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between the Bank (or Credit Agreements). FIRST SUPPLEMENT, dated as of June 30, 2004 (“First Supplement”), to SECOND AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT, dated as of July 1, 2002 (the “Agreement”), both by and between HOUSEHOLD BANK (SB), NATIONAL ASSOCIATION, a national banking association (together with its permitted successors and assigns, the “Bank” or the “Seller”), and HOUSEHOLD RECEIVABLES ACQUISITION COMPANY II, a Delaware Corporation (together with its permitted successors or assigns, “HRAC II” or the “Buyer”).
Credit Agreements and Guidelines. Subject to compliance with all Requirements of Law, HRAC (or other Account Owner if HRAC is not the Account Owner) or the Servicer may change the terms and provisions of the applicable Credit Agreements or the applicable Credit Guidelines of HRAC (or other Account Owner if HRAC is not the Account Owner) or the Servicer in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Rate Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law, HRAC (or other Account Owner if HRAC is not the Account Owner) or the Servicer will not take any action unless (i) at the time of such action, HRAC (or other Account Owner, as the case may be) or the Servicer reasonably believes that such action will not cause an Adverse Effect, and (ii) such change is made applicable to the comparable segment of the revolving credit accounts owned by HRAC (or other Account Owner, as the case may be) or serviced by the Servicer which have characteristics the same as, or substantially similar to, the Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between HRAC or other Account Owner, as the case may be, and an unrelated third party or by the terms of the Credit Agreements.
Credit Agreements and Guidelines. Subject to compliance with all Requirements of Law and paragraph (f) above, the Bank or the Servicer may change the terms and provisions of the applicable Credit Agreements or the applicable Credit Guidelines of the Bank or the Servicer in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Rate Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by paragraph (f) above, the Bank or the Servicer will not take any action unless (i) at the time of such action, the Bank or the Servicer, reasonably believes that such action will not cause an Adverse Effect, and (ii) such change is made applicable to the comparable segment of the revolving credit accounts owned by the Bank or serviced by the Servicer which have characteristics the same as, or substantially similar to, the Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between the Bank and an unrelated third party or by the terms of the Credit Agreements.
Credit Agreements and Guidelines. Subject to compliance with all -------------------------------- Requirements of Law and paragraph (h) above, the Bank (or other Account Owner if the Bank is not the Account Owner) may change the terms and provisions of the applicable Credit Agreements or the applicable Credit Guidelines of the Bank (or other Account Owner if the Bank is not the Account Owner) in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Rate Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by paragraph (h) above, the Bank (or other Account Owner if the Bank is not the Account Owner) will not take any action unless (i) at the time of such action, the Bank or other Account Owner, as the case may be, reasonably believes that such action will not cause an Adverse Effect, and (ii) such change is made applicable to the comparable segment of the revolving credit accounts owned by the Bank or other Account Owner, as the case may be, which have characteristics the same as, or substantially similar to, the Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between the Bank or other Account Owner, as the case may be, and an unrelated third party or by the terms of the Credit Agreements.
Credit Agreements and Guidelines. Subject to compliance with all Requirements of Law and paragraph (g) above, the Bank (or other Account Owner if the Bank is not the Account Owner) or the Servicer may change the terms and provisions of the applicable Credit Agreements or the applicable Credit Guidelines of the Bank (or other Account Owner if the
Credit Agreements and Guidelines. Subject to compliance with all Requirements of Law and paragraph (a) above, the Servicer or the Bank (or other Account Owner if the Bank is not the Account Owner) may change the terms and provisions of the applicable Credit Agreements or the applicable Credit Guidelines of the Servicer or the Bank (or other Account Owner if the Bank is not the Account Owner) in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Rate Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by the paragraph above, the Servicer or the Bank (or other Account Owner if the Bank is not the Account Owner) will not take any action unless (i) at the time of such action, the Servicer or the Bank (or other Account Owner if the Bank is not the Account Owner) reasonably believes that such action will not cause an Adverse Effect, and
Credit Agreements and Guidelines. Subject to compliance with all Requirements of Law and paragraph (a) above, the Seller may change the terms and provisions of the applicable Credit Card Agreements or the applicable Credit Card Guidelines (as such terms are defined in the Transaction Documents) in any respect (including the calculation of the amount or the timing of charge-offs and the finance charges to be assessed thereon). Notwithstanding the above, unless required by any Requirements of Law or as permitted by paragraph (a) above, the Seller will take no action unless (i) at the time of such action the Seller reasonably believes that such action will not cause an Amortization Event, Reinvestment Event or Event of Default (as such terms are defined in the Transaction Documents) to occur, and (ii) such change is made applicable to the comparable segment of the credit card accounts owned by the Seller which have characteristics the same as, or substantially similar to, the Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between the Seller and an unrelated third party or by the terms of the Credit Card Agreements.
Credit Agreements and Guidelines. Subject to compliance with all Requirements of Law and paragraph (a) above, the Account Owner may change the terms and provisions of the applicable Credit Agreements or the applicable Credit Guidelines in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Rate Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by paragraph (a) above, no Account Owner will take any action unless (i) at the time of such action the Account Owner reasonably believes that such action will not cause an Amortization Event, Reinvestment Event or Event of Default to occur, and (ii) such change is made applicable to the comparable segment of the credit card accounts owned by such Account Owner which have characteristics the same as, or substantially similar to, the Accounts that are the subject of such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between the Account Owner and an unrelated third party or by the terms of the Credit Agreements.
Credit Agreements and Guidelines. Subject to compliance with all Requirements of Law and paragraph (a) above, HRAC, the Servicer or the Bank (or other Account Owner if HRAC or the Bank is not the Account Owner) may change the terms and provisions of the applicable Credit Agreements or the applicable Credit Guidelines of HRAC, the Servicer or the Bank (or other Account Owner if HRAC or the Bank is not the Account Owner) in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Rate Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by paragraph (a) above, HRAC, the Servicer or the Bank (or other Account Owner if HRAC or the Bank is not the Account Owner) will not take any action unless (i) at the time of such action, HRAC, the Servicer or the Bank (or other Account Owner if HRAC or the Bank is not the Account Owner) reasonably believes that such action will not cause an Adverse Effect, and (ii) such change is made applicable to the comparable segment of the revolving credit accounts owned by the Bank (or other Account Owner if the Bank is not the Account Owner) or serviced by the Servicer which have characteristics the same as, or substantially similar to, the Accounts that are the subject of such change, except as
