Common use of Credit Criteria Clause in Contracts

Credit Criteria. Bank shall establish in its discretion and may modify from time to time any or all of the credit criteria used in evaluating applicants under the Program (including, without limitation, the creditworthiness of individual applicants, the range of credit limits to be made available to individual Cardholders and whether to suspend or terminate the credit privileges of any Cardholder). Bank will consult with Retailer regarding any changes to the credit criteria used for the Program which, in Bank’s reasonable opinion, could reasonably be expected to have a material adverse affect on the Program.

Appears in 2 contracts

Samples: Private Label Consumer Credit Card Program Agreement (Nautilus, Inc.), Private Label Consumer Credit Card Program Agreement (Ethan Allen Interiors Inc)

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Credit Criteria. Bank shall establish in its discretion and may modify from time to time any or all of the credit criteria used in evaluating applicants under the Program (including, without limitation, the creditworthiness of individual applicants, the range of credit limits to be made available to individual Cardholders and whether to suspend or terminate the credit privileges of any Cardholder). Bank will consult with Retailer regarding any changes to the credit criteria used for the Program which, in Bank’s reasonable opinion, could reasonably be expected to have a material adverse affect on the ProgramProgram and will promptly notify Retailer in writing of any such change.

Appears in 1 contract

Samples: Private Label Consumer Credit Card Program Agreement (Select Comfort Corp)

Credit Criteria. Bank shall establish in its discretion and may modify from time to time any or all of the credit criteria used in evaluating applicants under the Program (including, without limitation, the creditworthiness of individual applicants, the range of credit limits to be made available to individual Cardholders Accountholders and whether to suspend or terminate the credit privileges of any CardholderAccountholder). Bank will consult with Retailer LESCO regarding any changes to the credit criteria used for the Program which, in Bank’s 's reasonable opinion, could reasonably be expected to have a material adverse affect on the Program.

Appears in 1 contract

Samples: Private Label Business Credit Program Agreement (Lesco Inc/Oh)

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Credit Criteria. Bank shall establish in its discretion and may modify from time to time any or all of the credit criteria used in evaluating applicants under the Program (including, without limitation, the creditworthiness of individual applicants, the range of credit limits to be made available to individual Cardholders Accountholders and whether to suspend or terminate the credit privileges of any CardholderAccountholder). Bank will consult with Retailer regarding any changes to the shall not administer or otherwise apply its credit criteria used for the Program which, to Account applicants and Accountholders in Bank’s reasonable opinion, could reasonably be expected to have a material adverse affect on the Programan unlawful or illegal manner.

Appears in 1 contract

Samples: Confidentiality Agreement (Lovesac Co)

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