Common use of Credit Card Receipts Clause in Contracts

Credit Card Receipts. (a) Annexed hereto as EXHIBIT 8.2, is a Schedule which describes all arrangements to which any Borrower is a party with respect to the payment to that Borrower of the proceeds of credit card charges for sales by that Borrower. (b) The Lead Borrower shall deliver to the Administrative Agent, as a condition to the effectiveness of this Agreement, an agreement executed on behalf of each Borrower with each of each Borrower's credit card clearinghouses and processors (in form satisfactory to the Administrative Agent), which agreement provides that, during the existence of a Cash Control Event, payment of all credit card charges submitted by that Borrower to that clearinghouse or other processor and any other amount payable to that Borrower by such clearinghouse or other processor shall be directed to the Administrative Agent's Account or as otherwise designated from time to time by the Administrative Agent. No Borrower shall change such direction or designation except upon and with the prior written consent of the Administrative Agent and no Borrower will enter into any agreements with a new credit card clearinghouse or processor hereafter unless, contemporaneous with such establishment, the Lead Borrower delivers to the Administrative Agent an agreement with such credit card clearinghouse or processor of like terms to those required hereunder on the Effective Date.

Credit Card Receipts. (a) Annexed hereto as EXHIBIT 8.2, 8.2 is a Schedule which describes all arrangements to which any Borrower is a party with respect to the payment to that Borrower of the proceeds of credit card charges for sales by that Borrower. (b) The Lead Borrower shall deliver to the Administrative Agent, as a condition to the effectiveness of this Agreement, an agreement executed on behalf of each Borrower with each of each Borrower's credit card clearinghouses and processors (in form satisfactory to the Administrative Agent), which agreement provides that, during the existence of a Cash Control Event, payment of all credit card charges submitted by that Borrower to that clearinghouse or other processor and any other amount payable to that Borrower by such clearinghouse or other processor shall be directed to the Administrative Agent's Account or as otherwise designated from time to time by the Administrative Agent. No Borrower shall change such direction or designation except upon and with the prior written consent of the Administrative Agent and no Borrower will enter into any agreements with a new credit card clearinghouse or processor hereafter unless, contemporaneous with such establishment, the Lead Borrower delivers to the Administrative Agent an agreement with such credit card clearinghouse or processor of like terms to those required hereunder on the Effective Closing Date.

Credit Card Receipts. (a) Annexed hereto as EXHIBIT 8.27.2, is a Schedule which describes all arrangements to which any Borrower is a party with respect to the payment to that Borrower of the proceeds of credit card charges for sales by that Borrower. (b) The Lead Borrower shall deliver to the Administrative Agent, as a condition to the effectiveness of this Agreement, an agreement executed on behalf of each Borrower with each of each Borrower's credit card clearinghouses and processors (in form satisfactory to the Administrative Agent), which agreement provides that, during the existence of a Cash Control Event, payment of all credit card charges submitted by that Borrower to that clearinghouse or other processor and any other amount payable to that Borrower by such clearinghouse or other processor shall be directed to the Administrative Agent's Account or as otherwise designated from time to time by the Administrative Agent. No Borrower shall change such direction or designation except upon and with the prior written consent of the Administrative Agent and no Borrower will enter into any agreements with a new credit card clearinghouse or processor hereafter unless, contemporaneous with such establishment, the Lead Borrower delivers to the Administrative Agent an agreement with such credit card clearinghouse or processor of like terms to those required hereunder on the Effective Closing Date.

Credit Card Receipts. (a) Annexed hereto as EXHIBIT 8.2, Exhibit 8.2 is a Schedule which describes all arrangements to which any the Borrower is a party with respect to the payment to that the Borrower of the proceeds of credit card charges for sales by that the Borrower. (b) The Lead Borrower shall deliver to the Administrative Agent, as a condition to the effectiveness of this Agreement, an agreement executed on behalf of each the Borrower with each of each the Borrower's ’s credit card clearinghouses and processors (in form satisfactory to the Administrative Agent), which agreement provides that, during the existence of a Cash Control Event, payment of all credit card charges submitted by that the Borrower to that clearinghouse or other processor and any other amount payable to that the Borrower by such clearinghouse or other processor shall be directed to the Administrative Agent's ’s Account or as otherwise designated from time to time by the Administrative Agent. No The Borrower shall not change such direction or designation except upon and with the prior written consent of the Administrative Agent and no the Borrower will not enter into any agreements with a new credit card clearinghouse or processor hereafter unless, contemporaneous with such establishment, the Lead Borrower delivers to the Administrative Agent an agreement with such credit card clearinghouse or processor of like terms to those required hereunder on the Second Amendment Effective Date.