Credit Card Agreements and Credit Card Guidelines Sample Clauses

Credit Card Agreements and Credit Card Guidelines. The Credit Card Originator shall comply with and perform its obligations under the Credit Card Agreements relating to the Accounts and the Credit Card Guidelines except insofar as any failure so to comply or perform would not materially and adversely affect the rights of the Trust or the Certificateholders hereunder or under the Certificates. Unless required by law or unless, in its sole discretion, the Credit Card Originator deems it appropriate, it will not change the terms and provisions of the Credit Card Agreements or the Credit Card Guidelines with respect to any of the Accounts in any respect (including the calculation of the amount, or the timing, of charge-offs and the Periodic Finance Charges and other fees to be assessed thereon), if, either (i) as a result of such change it is reasonably expected that such change will cause an Early Amortization Event to occur with respect to a Series or (ii) such change (x) if the Credit Card Originator owns a comparable segment of receivables, is not applied to any such comparable segment of consumer open end credit accounts owned by the Credit Card Originator that have characteristics the same as or substantially similar to the Receivables that are the subject of such change and (y) if the Credit Card Originator does not own such a comparable segment of receivables, will not be made with the intent to materially benefit the Transferor over the Investor Certificateholders or to materially adversely affect the Investor Certificateholders, except as otherwise restricted by an endorsement, sponsorship, or other agreement between the Transferor and an unrelated third party or by the terms of the Accounts. The Transferor further covenants that the Transferor will not enter into any amendments to the Receivables Purchase Agreement unless the Rating Agency Condition has been satisfied.
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Credit Card Agreements and Credit Card Guidelines. BANA shall comply with and perform its obligations under the Credit Card Agreements relating to the Accounts and the Credit Card Guidelines except insofar as any failure so to comply or perform would not materially and adversely affect the rights of BACCS, or any of their assigns. Subject to compliance with each Requirement of Law, BANA may change the terms and provisions of the applicable Credit Card Agreements or the applicable Credit Card Guidelines with respect to any of the Accounts in any respect (including the calculation of the amount, or the timing, of charge‑offs and the Periodic Finance Charges and other fees to be assessed thereon) only if in the reasonable judgment of BANA such change is made applicable to any comparable segment of the revolving credit card accounts owned by BANA which have characteristics the same as, or substantially similar to, such Accounts that are subject to such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between BANA and an unrelated third party or by the terms of the Credit Card Agreements.
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Credit Card Agreements and Credit Card Guidelines. FIA shall comply with and perform its obligations under the Credit Card Agreements relating to the Accounts and the Credit Card Guidelines except insofar as any failure so to comply or perform would not materially and adversely affect the rights of BACCS, or any of their assigns. Subject to compliance with each Requirement of Law, FIA may change the terms and provisions of the applicable Credit Card Agreements or the applicable Credit Card Guidelines with respect to any of the Accounts in any respect (including the calculation of the amount, or the timing, of charge-offs and the Periodic Finance Charges and other fees to be assessed thereon) only if in the reasonable judgment of FIA such change is made applicable to any comparable segment of the revolving credit card accounts owned by FIA which have characteristics the same as, or substantially similar to, such Accounts that are subject to such change, except as otherwise restricted by an endorsement, sponsorship, or other agreement between FIA and an unrelated third party or by the terms of the Credit Card Agreements.
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Credit Card Agreements and Credit Card Guidelines. Each of the Borrower and CPS will perform (and will cause NBGL to perform) its obligations in accordance with, and will comply in all material respects with, the Credit Card Guidelines and will not change or modify the Credit Card Agreements or its Credit Card Guidelines, except insofar as any change or failure so to comply or conform would not materially and adversely affect the amount of Collections, or the timing or receipt thereof, or the rights of the Borrower, the Agent or any of the Banks under this Agreement or if such changes are necessary under any Requirement of Law. Except as limited by the preceding sentence, the Borrower and CPS shall be free (and shall be free to cause NBGL) to change the terms and provisions of such Credit Card Agreements or the Credit Card Guidelines in any respect so long as such changes are in a commercially reasonable manner consistent with prudent credit card practices, and such change shall not cause a downgrading or withdrawal of the then current rating of commercial paper issued in connection with the Receivables Agreement Documents by any rating agency (unless such change is necessary under any Requirement of Law). In furtherance of the foregoing, the Borrower and CPS shall give (and will cause NBGL to give) the Agent 30 days' advance notice of any material change in the Credit Card Guidelines (including the timing and calculation of write-offs) except that if such change is necessary under any Requirement of Law prior to the expiration of such 30-day period, the Borrower and CPS shall give (and will cause NBGL to give) advance notice of any such change as soon as practicable. In any event, the Borrower and CPS will not change (and will ensure that NBGL will not change except as required by law or as shall be necessary to obtain a satisfactory examination report from the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, or other applicable government authority) (A) their practice with respect to writing off of Credit Card Receivables as uncollectible if such change would result in the writing off of Credit Card Receivables later than is the practice of the Borrower and CPS as of the Closing Date or (B) their practice with respect to aging Credit Card Receivables from that set forth in the Credit Card Guidelines as in effect on the Closing Date, nor shall they reschedule, revise, forgive or defer amounts due on the Receivables other than in accordance with the Credit Card Guidelin...
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Credit Card Agreements and Credit Card Guidelines. Each of the Seller and the Servicer shall comply with and perform its obligations in accordance with the Credit Card Guidelines, except (1) insofar as any failure so to comply or perform would not have a material adverse effect on the rights and remedies of the Indenture Trustee and the noteholders of any Series under any Transaction Document or (2) if such failure to comply is necessary under any Requirement of Law. With respect to any change to the Credit Card Guidelines that is material and that is not necessary under any Requirement of Law, (1) the Seller and the Servicer shall, prior to making any such change, give 30 days' written notice to the noteholders of any Series of any such change, (2) the Majority Noteholders shall have such 30-day period to notify the Seller and the Servicer that such Majority Noteholders deem the change to have a material adverse effect on the rights and remedies of the Indenture Trustee and the noteholders of such Series (any which notice shall state in reasonable detail the reasons for such opinion) and (3) if such notice is given in such 30-day period and such change would have such effect, such change shall not be made; provided that, if no such notice is received by the Seller and the Servicer within such 30-day period, such change shall be deemed not to have such effect and the Indenture Trustee and the noteholders of all Series shall be deemed to have consented to such change.
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Credit Card Agreements and Credit Card Guidelines. The Seller shall comply with and perform its obligations under the Credit Card Agreements relating to the Accounts and the Credit Card Guidelines and all applicable rules and regulations of MasterCard and VISA, or their respective substantial equivalents, except insofar as any failure so to comply or perform would not materially and adversely affect the rights of the Trust or the Certificateholders hereunder or under the Certificates. Subject to compliance with all Requirements of Law applicable to the Seller, the Seller may change the terms and provisions of the Credit Card Agreements or the Credit Card Guidelines with respect to any of the Accounts in any respect (including the calculation of the amount, or the timing, of charge-offs and the Periodic Finance Charges and other fees to be assessed thereon) only if in the reasonable judgment of the Seller such change is made applicable to any comparable segment of the consumer revolving credit card accounts owned by the Seller that have characteristics the same as, or substantially similar to, such Accounts.
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Credit Card Agreements and Credit Card Guidelines. Subject to compliance with all Requirements of Law and paragraph (a) above, each Seller may change the terms and provisions of the applicable Cardholder Agreements or the applicable Credit Card Guidelines in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Finance Charges to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by Section 2.08(a), no Seller will take any action with respect to the applicable Cardholder Agreements or the applicable Credit Card Guidelines, which, at the time of such action, such Seller reasonably believes will have a material adverse effect on the Investor Certificateholders. Each Seller shall comply with and perform its obligations under the Cardholder Agreements relating to the Accounts owned by it and the Credit Card Guidelines and all applicable rules and regulations of MasterCard and Visa or their respective substantial equivalents except insofar as any failure so to comply or perform would not materially and adversely affect the rights of the Trust or the Certificateholders hereunder.
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Related to Credit Card Agreements and Credit Card Guidelines

  • Credit Card Agreements Each Borrower and Guarantor shall (a) observe and perform all material terms, covenants, conditions and provisions of the Credit Card Agreements to be observed and performed by it at the times set forth therein; (b) not do, permit, suffer or refrain from doing anything, as a result of which there could be a default under or breach of any of the terms of any of the Credit Card Agreements and at all times maintain in full force and effect the Credit Card Agreements and not terminate, cancel, surrender, modify, amend, waive or release any of the Credit Card Agreements, or consent to or permit to occur any of the foregoing; except, that, any Borrower or Guarantor may terminate or cancel any of the Credit Card Agreements in the ordinary course of the business of such Borrower or Guarantor; provided, that, such Borrower or Guarantor shall give Agent not less than ten (10) Business Days prior written notice of its intention to so terminate or cancel any of the Credit Card Agreements; (c) not enter into any new Credit Card Agreements with any new Credit Card Issuer unless Agent shall have received not less than ten (10) Business Days prior written notice of the intention of such Borrower or Guarantor to enter into such agreement (together with such other information with respect thereto as Agent may request) and such Borrower or Guarantor delivers, or causes to be delivered to Agent, a Credit Card Acknowledgment in favor of Agent; (d) give Agent immediate written notice of any Credit Card Agreement entered into by such Borrower or Guarantor after the date hereof, together with a true, correct and complete copy thereof and such other information with respect thereto as Agent may reasonably request; (e) furnish to Agent, promptly upon the request of Agent, such information and evidence as Agent may require from time to time concerning the observance, performance and compliance by such Borrower or Guarantor or the other party or parties thereto with the terms, covenants or provisions of the Credit Card Agreements; and (f) not modify any instructions given by Agent to any Credit Card Issuer or Credit Card Processor provided for in any Credit Card Acknowledgement or otherwise direct the remittance of payments under any Credit Card Agreement to any account other than the Blocked Account.

  • Deposit Accounts; Credit Card Arrangements (a) Annexed hereto as Schedule 5.21(a) is a list of all DDAs maintained by the Loan Parties as of the Closing Date, which Schedule includes, with respect to each DDA (i) the name and address of the depository; (ii) the account number(s) maintained with such depository; (iii) a contact person at such depository, and (iv) the identification of each Blocked Account Bank.

  • Deposit Accounts; Credit Card Processors Open new DDAs (other than Excluded DDAs and Retail DDAs) unless the Loan Parties shall have delivered to the Agent appropriate Blocked Account Agreements consistent with the provisions of Section 6.12 and otherwise satisfactory to the Agent. No Loan Party shall maintain any bank accounts or enter into any agreements with Credit Card Issuers or Credit Card Processors other than the ones expressly contemplated herein or in Section 6.12 hereof.

  • Compliance with Contracts and Credit and Collection Policy Such Seller Party will timely and fully (i) perform and comply with all provisions, covenants and other promises required to be observed by it under the Contracts related to the Receivables, and (ii) comply in all respects with the Credit and Collection Policy in regard to each Receivable and the related Contract.

  • Performance and Compliance with Contracts and Credit and Collection Policy The Seller shall (and shall cause the Servicer to), at its expense, timely and fully perform and comply with all material provisions, covenants and other promises required to be observed by it under the Contracts related to the Receivables, and timely and fully comply in all material respects with the applicable Credit and Collection Policies with regard to each Receivable and the related Contract.

  • Modifications to Contracts and Credit and Collection Policy Such Seller Party will not make any change to the Credit and Collection Policy that could adversely affect the collectibility of the Receivables or decrease the credit quality of any newly created Receivables. Except as provided in Section 7.2(d), the Servicer will not, and will not extend, amend or otherwise modify the terms of any Receivable or any Contract related thereto other than in accordance with the Credit and Collection Policy.

  • Credit and Collection Policies Comply in all material respects with the Credit and Collection Policy in regard to each Pool Receivable and the related Contract.

  • Agreement with Respect to Credit Card Business The Assuming Bank agrees to honor and perform, from and after Bank Closing, all duties and obligations with respect to the Failed Bank’s credit card business, and/or processing related to credit cards, if any, and assumes all outstanding extensions of credit with respect thereto.

  • Collection Guidelines As long as it is the Servicer, CAC will comply in all material respects with the Collection Guidelines or otherwise as required by Applicable Law in regard to each Loan and Contract.

  • Compliance with Credit and Collection Policy Such Seller Party has complied in all material respects with the Credit and Collection Policy with regard to each Receivable and the related Contract, and has not made any change to such Credit and Collection Policy, except such material change as to which the Agent has been notified in accordance with Section 7.1(a)(vii).

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