Credit Systems Clause Samples

Credit Systems. (a) The NMG Companies and Bank shall work together (including through a subcommittee of the Management Committee formed for this purpose) to develop a mutually agreeable plan relating to the Credit Systems, which may include a conversion plan designed to convert such data to the Bank Systems. Subject to the satisfaction of each of the requirements set forth in Section 7.4(b), at such time, if any, when both NMG and Bank are satisfied with the terms of such conversion plan and have concluded that such conversion will further the Program Objectives and provide cost efficiencies and features and functionality superior to those available on the NMG Systems without an unacceptable level of Program disruption, such conversion shall be implemented (the date of any such conversion the “Systems Transition Date”). Bank shall bear all out-of-pocket costs and expenses associated with the Systems conversion (whether incurred by Bank or any of its Affiliates or NMG or any of its Affiliates). (b) The Parties acknowledge and agree that no Systems conversion shall occur pursuant to Section 7.4(a) in absence of satisfaction of each of the following requirements: (i) Bank shall ensure that all identified features and functionality available on the NMG Systems prior to the Systems Transition Date (including data gathering, interface capabilities with the NMG Companies’ other Systems, Loyalty Program support and core systems/customer service functionality) are available on the Bank Systems as of the Systems Transition Date to the extent the NMG Systems are to be converted to the Bank Systems; (ii) Bank shall ensure that all features and functionality set forth in Schedule 7.4(b) are available on the Bank Systems as of the Systems Transition Date; (iii) all existing credit data feeds used by NMG or any of its Affiliates in connection with the Credit Card Business or otherwise prior to the Effective Date shall have been replicated on the Bank Systems prior to the Systems Transition Date; and all data feeds necessary to provide NMG with the information necessary to prepare the Monthly Settlement Sheets and Yearly Settlement Sheets pursuant to Section 7.1 shall have been created prior to the Systems Transition Date; (iv) Bank shall provide and the Bank Systems shall support the Internet Services described in Section 4.8; (v) Bank shall keep the same structure of Account numbers; (vi) without limiting the foregoing, the Bank Systems shall interface with the NMG Systems that are not...
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Credit Systems. (a) The Servicer and the Company shall develop an Integration Plan as more particularly described in Schedule 1.01(c), which Integration Plan shall include a mutually agreed upon plan to convert the master file of the Accounts and all Cardholder Data (including related account history and customer notes) to Servicer Systems (the “Conversion”). Subject to the satisfaction of each of the requirements set forth in Section 2.03(b), the Parties agree to use commercially reasonable efforts to cause the Conversion to occur. The Conversion shall be implemented on (****) (the “Conversion Date”). Except as provided in Section 2.02, each of the Servicer and the Company shall (****); provided, that if the Company (****). Until the Conversion Date, each of the Company and the Servicer (in the case of the Servicer, solely to the extent within its sole control and direction), (i) shall maintain its Systems in a manner consistent with the Company’s or the Servicer’s, as applicable, historical practice and (ii) shall not make changes to its Systems that will impede the Conversion or the Servicer’s ability to maintain the Accounts in accordance with this Agreement following the Conversion. (b) The Parties acknowledge and agree that no Conversion shall occur pursuant to Section 2.03(a) in absence of satisfaction of each of the following requirements: (i) The Parties shall be reasonably satisfied that the Servicer Systems are compatible with those Company Systems that interface with the Servicer Systems, including the POS Systems of the Company and its Affiliates; (ii) The Company shall be reasonably satisfied that the features and functionality set forth in Schedule 2.03(b)(ii) shall be available on the Servicer Systems as of the Servicing Start Date; (iii) The Company shall be reasonably satisfied that all existing credit data feeds used by the Company or any of its Affiliates set forth on Schedule 2.03(b)(iii) in connection with the Credit Card business shall have been replicated on the Servicer Systems prior to the Servicing Start Date; (iv) The Company shall be reasonably satisfied that the Servicer Systems shall support the Internet Services described in Section 2.09; (v) Each of the Company and the Servicer shall be reasonably satisfied that the Servicer and the Company, respectively, shall have a disaster recovery and business continuity plan applicable to the Servicer Systems and the Company Systems, respectively, that complies with Applicable Law and Industry Standa...
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Credit Systems. (a) [Reserved] (b) The Bank will make the features and functionality set forth on Schedules 7.4(b)(i), 7.4(b)(ii) and 7.4(b)(iii), or comparable features and functionality specifically agreed to by the Parties, available on Bank Systems. Subject to, and without limiting, Section 7.4(d), in the event the Bank proposes an upgrade or modification to the Bank Systems that would result in the Bank Systems being unable to support any of the features and functionality set forth on Schedules 7.4(b)(ii) and 7.4(b)(iii), the Bank shall (1) notify the Company as soon as reasonably practicable of such proposed upgrade or modification and the features and functionality impacted by such change, (2) discuss and consider in good faith the Company’s reasonable views regarding such upgrade or modification and (3) reimburse the Company for fifty percent (50%) of any out-of-pocket expenses incurred by the Company (including in connection with any consequential upgrade to the Company Systems) in connection with the loss of, or change to, such features and functionality (if any); provided, that, for the avoidance of doubt, the Bank shall ensure that all the features and functionality set forth on Schedule 7.4(b)(i) are available on Bank Systems at all times. Subject to the foregoing sentence, the Bank may update those features and functionalities set forth on Schedules 7.4(b)(ii) and 7.4(b)(iii) to reflect any upgrade or modifications to the Bank Systems, and in such event the Strategic Operating Committee will discuss any other necessary changes. (c) [Reserved] (d) Neither Party shall make any change to any of its Systems that would render them incompatible in any material respect with the other Party’s or its Affiliates’ Systems or require the other Party or its Affiliates to make any change to any of their Systems (including any POS terminals) or reduce or restrict interfacing or System feeds, in any such case without the prior approval of the Strategic Operating Committee. Subject to the preceding sentence, and subject to such future modifications and upgrades as the Company or the Bank may make from time to time and which do not introduce interfaces or protocols other than those already in use in Company Channels, the Bank will not make any material change to its Systems with respect to the Program without the prior review of the Strategic Operating Committee. Unless otherwise approved by the Strategic Operating Committee with the approval of the Company’s representatives ...
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Credit Systems. (a) The Bank and the Company shall work together (including through the Integration Committee) to develop a mutually agreeable Systems conversion plan designed to convert the master file of the Accounts and all other Cardholder Data (including related account history and customer notes) to Bank Systems (the “Conversion”). Subject to the satisfaction of each of the requirements set forth in Section 7.4(b), such conversion shall be implemented on a date determined by the Integration Committee (****) (the date of any such conversion the “Systems Conversion Date”). The Bank (****). Until the Systems Conversion Date, the Company shall maintain its Systems in a manner consistent with the Company’s historical practice and shall not make changes to its Systems that will impede the Conversion or the Bank’s ability to maintain the Accounts in accordance with this Agreement following the Conversion. (b) The Parties acknowledge and agree that no Conversion shall occur pursuant to Section 7.4(a) in absence of satisfaction of each of the following requirements: (i) The Bank shall ensure that all features and functionality available on the Company Systems as in effect prior to the Effective Date and set forth in Schedule 7.4(b)(i), or comparable features and functionality specifically agreed to by the Parties are available to the Program through the Bank Systems as of the Systems Conversion Date and thereafter. As of the Effective Date, the Bank shall ensure that the Bank Systems are compatible with those Company Systems that interface with the Bank Systems, including the POS Systems of the Company and its Affiliates; provided that, the Company shall not be required to make changes to POS other than those that (i) are consistent with the ▇▇▇▇ POS system with respect to its capability of authorizing and settling Credit Card transactions (provided that the Company POS system is substantially similar to the ▇▇▇▇ POS system) or (ii) are necessary to enable a functionality that is a part of the Program but not a part of the ▇▇▇▇ card program (e.g., Prequalification Requests); (ii) The Bank shall ensure that all features and functionality set forth (x) in Schedule 7.4(b)(i) are available on the Bank Systems as of the Systems Conversion Date and (y) in Schedule 7.4(b)(ii) are available on the Bank Systems by the dates provided therein; (iii) The credit data feeds to be used by the Company or any of its Affiliates in connection with the Credit Card business set forth in Schedule...
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Credit Systems. (a) The Bank shall bear all Bank costs and expenses associated with the conversion of the Systems applicable to the Accounts purchased by the Bank pursuant to the Chase Purchase Agreement to the Bank Systems (whether such costs and expenses are incurred by the Bank or any of its Affiliates). (b) The Bank shall ensure that all features and functionality available on the Company Systems prior to the Effective Date (including data gathering, interface capabilities with the Company's other Systems, Loyalty Program support and core systems/customer service functionality) or (to the extent any modifications are necessitated by the Bank's differing operating environment) substantially equivalent features and functionality providing the substantially equivalent sales associate experience and customer experience, are available to the Program through the Bank Systems as of the Effective Date and thereafter. The Bank shall ensure that the Bank Systems are compatible with those Company Systems that interface with the Bank Systems, including the POS Systems of the Company and its Affiliates. (c) Neither Party shall make any change to any of its Systems that would render them incompatible in any material respect with the other Party's or its Affiliates' Systems or require the other Party or its Affiliates (or the Retail Merchants) to make any change to any of their Systems (including any POS terminals) or reduce or restrict interfacing or System feeds, in any such case without the prior approval of the Operating Committee; provided, however, that the Company shall be entitled to make the system modifications and upgrades set forth on Schedule 7.4(c) and the Bank shall take such actions at its own expense to ensure that all interfaces between the Bank Systems and the Company Systems shall be preserved following such modifications and upgrades, such that all features and functionality required to be in effect prior to such modifications and upgrades shall continue to remain in effect following such modifications and upgrades. Subject to the preceding sentence, and subject to such future modifications and upgrades as the Company may make from time to time and which do not introduce interfaces or protocols other than those already in use in Company Channels or in use by other retailers for whom the Bank or any of its Affiliates acts as issuer or servicer in its other retail Credit Card programs, neither Party will make any material change to its Systems with respect to the ...
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Credit Systems. 48 7.5 Systems Interface; Technical Support........................................................... 49
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Credit Systems. (a) Bank shall bear all out of pocket costs and expenses incurred by it or paid to third parties associated with its Credit Systems. (b) Bank shall maintain the following systems during the term of the Agreement as they exist as of the Effective Date: (i) Credit processing/servicing systems (including data gathering, interface capabilities with Pier1’s other Systems, Loyalty Program support and core systems/customer service functionality); (ii) Credit data feeds used by Pier 1 or any of its Affiliates in connection with the Credit Card Business or otherwise shall be available on the Bank Systems; and all data feeds necessary to provide Pier 1 with the information necessary to prepare the Monthly Settlement Sheets pursuant to Section 7.1; (iii) Bank shall provide and the Bank Systems shall support the Internet Services described in Section 4.8; (iv) the Bank Systems shall interface with Pier 1 Systems; (v) Bank shall have a disaster recovery and business continuity plan applicable to the Bank Systems as set forth in Section 7.3(c) and the Bank shall be prepared to and have the ability to implement such plan if necessary; and (vi) Bank shall provide procedures and process documentation to all employees of Pier 1, its Subsidiaries and its Licensees who use the Bank Systems. (c) Neither Party shall make any change to any of its Systems that would render them incompatible in any way with the other Party’s or its Affiliates’ Systems or require the other Party or its Affiliates (or the Retail Merchants) to make any change to any of their Systems (including any POS terminals) or reduce or restrict interfacing or System feeds, in any such case without the prior approval of the Management Committee.
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Related to Credit Systems

  • Cash Management Systems On or prior to the Closing Date, Borrowers will establish and will maintain until the Termination Date, the cash management systems described in Annex C (the “Cash Management Systems”).

  • Credit Cards About 60% of first-year students reported they have at least one credit card, although just 15% have two or more cards. Among those students who have credit cards, about 88% reported they pay off their balance each month and, as such, their current credit card balance is zero; however, when asked what their current credit card balance is, just 7% said it is zero. Among those with an unpaid balance, the average credit card debt students have is $1,549. Group 1 students tend to carry a higher balance on their credit cards than Group 2 and Group 3 students. None 40% 42% 45% 32% 43% One 45% 42% 42% 50% 45% Two 7% 6% 6% 8% 3% Three or more 8% 10% 7% 9% 9% Average number 1.8 2.8 1.2 2.2 1.2 Yes 88% 83% 88% 89% 80% Zero 7% 2% 14% 2% - $500 or less 83% 83% 79% 87% 82% $501 to $1,000 5% 7% 4% 6% 9% Over $1,000 5% 8% 4% 6% 9% Average (all with credit card) $487 $652 $352 $564 $385 Average (those with unpaid balance) $1,549 $1,954 $1,249 $1,648 $974 * Total credit card balance and payment of the balance were asked of those who had at least one credit card.

  • Drainage Systems (1) Clear culvert inlets, outlets, and sediment catching basins. (2) Maintain waterbars, drainage dips, and other water diversion measures. (3) During active use, patrol and maintain functional drainage. (4) Repair damaged culvert ends.

  • Availability of Verizon Telecommunications Services 3.1 Verizon will provide a Verizon Telecommunications Service to PNG for resale pursuant to this Attachment where and to the same extent, but only where and to the same extent that such Verizon Telecommunications Service is provided to Verizon’s Customers. 3.2 Except as otherwise required by Applicable Law, subject to Section 3.1 of this Attachment, Verizon shall have the right to add, modify, grandfather, discontinue or withdraw Verizon Telecommunications Services at any time, without the consent of PNG. 3.3 To the extent required by Applicable Law, the Verizon Telecommunications Services to be provided to PNG for resale pursuant to this Attachment will include a Verizon Telecommunications Service customer-specific contract service arrangement (“CSA”) (such as a customer specific pricing arrangement or individual case based pricing arrangement) that Verizon is providing to a Verizon Customer at the time the CSA is requested by PNG.

  • Investment Banking Services Except as described in the Registration Statement, the Statutory Prospectus and the Prospectus, during the period beginning 180 days prior to the initial confidential submission of the Registration Statement and ending on the Effective Date, no Member and/or any person associated or affiliated with a Member has provided any investment banking, financial advisory and/or consulting services to the Company.