Common use of Credit Card Receipts Clause in Contracts

Credit Card Receipts. (a) Annexed hereto as SCHEDULE 7.2, is a Schedule which describes all arrangements to which each Borrower is a party with respect to the payment to any Borrower of the proceeds of credit card charges for sales by such Borrower. (b) Each Borrower shall deliver to the Agent, as a condition to the effectiveness of this Agreement, notification, executed on behalf of such Borrower, to each of such Borrower's credit card clearinghouses and processors (in form satisfactory to the Agent), which notification provides that payment of all credit card charges submitted by such Borrower to that clearinghouse or other processor and any other amount payable to such Borrower by such clearinghouse or other processor shall be directed to the Blocked Account or as otherwise designated from time to time by the Agent. No Borrower shall change such direction or designation except upon and with the prior written consent of the Agent.

Credit Card Receipts. (a) Annexed hereto as SCHEDULE 7.28.2, is a Schedule which describes all arrangements to which each the Borrower is a party with respect to the payment to any the Borrower of the proceeds of credit card charges for sales by such the Borrower. (b) Each The Borrower shall deliver to the Agent, as a condition to the effectiveness of this Agreement, notification, executed on behalf of such the Borrower, to each of such the Borrower's credit card clearinghouses and processors (in form satisfactory to the Agent), which notification provides that payment of all credit card charges submitted by such the Borrower to that clearinghouse or other processor and any other amount payable to such the Borrower by such clearinghouse or other processor shall be directed to the Blocked Account or as otherwise designated from time to time by the Agent. No The Borrower shall not change such direction or designation except upon and with the prior written consent of the Agent.