FINANCIAL ACCOMMODATION. Retailer acknowledges that this Agreement is a “financial accommodation” contract (as such term is used in Section 365(c)(2) of Title 11 of the United States Code) for the benefit of Retailer.
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Samples: Private Label Consumer Credit Card Program Agreement (Nautilus, Inc.), Program Agreement (Select Comfort Corp), Stein Mart Inc
FINANCIAL ACCOMMODATION. Retailer acknowledges that this Agreement is a “financial accommodation” accommodation contract (as such term is used defined in Section 365(c)(2) of Title 11 of the United States Code) for the benefit of Retailer, which means that it is not intended to be subject to assumption by a debtor in possession in bankruptcy.
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