Common use of Credit Card Program Clause in Contracts

Credit Card Program. (A) Distributor shall participate in and comply with, and shall assure that its Dealers participate in and comply with, the requirements of VMSC’s credit card program (including any fees payable to VMSC in connection therewith as specified by VMSC from time to time), and shall cause each Station to honor VMSC’s proprietary credit cards and all major credit cards identified in VMSC’s “Credit Card Sales Guide” as an authorized card for purchases made at such Stations, provided that such sales are made in accordance with the terms and conditions of VMSC’s Credit Card Sales Guide. Distributor acknowledges that VMSC’s Credit Card Sales Guide has been received and reviewed by Distributor prior to its execution of this Agreement. VMSC’s Credit Card Sales Guide may be amended, changed, or otherwise modified from time to time at VMSC’s sole and absolute discretion. Distributor acknowledges that the honoring of VMSC’s proprietary credit cards and compliance with the terms, conditions, and requirements of VMSC’s Credit Card Sales Guide by Distributor and its Dealers is a material and important part of the consideration for this Agreement. (B) Distributor agrees, and shall cause its Dealers to agree, that in no event shall Distributor or its Dealers charge a customer for the extension of credit, impose a credit price which is higher than the cash price, or apply a surcharge to any amounts due from any customer making a credit card purchase with VMSC’s proprietary credit cards utilizing any of the Marks.