Issuance of Credit Cards. To the extent requested by the Company, the Bank will issue credit cards bearing the Xxxx ("CREDIT CARDS") to customers of the Business who apply for such Credit Cards and related extensions of credit. Such customers (i) must qualify for the extension of credit under credit standards related to new account approvals, credit limits and authorization management ("CREDIT STANDARDS") which will be determined by the Bank from time to time and (ii) must accept the Bank's standard form of credit card agreement containing the terms and conditions governing extensions of credit to Persons who hold Credit Cards and their authorized users (attached hereto as Exhibit 2.1.1(a)). Notwithstanding the foregoing, (i) the Credit Standards established by the Bank from time to time in connection with the issuance of Credit Cards for use in connection with the Business shall be consistent with past practices (as described in Exhibit 2.1.1(b)), with such changes as shall be (A) approved by the Company in its reasonable discretion or (B) determined by the Bank in good faith to be necessary from the standpoint of safe and sound banking practices and (ii) the Bank may make any change in the terms of its agreement with any person who holds a Credit Card (including repayment terms, fees and finance charge rates) after prior notice to and consultation with the Company. The Bank hereby confirms its understanding that the Company intends to offer and promote credit as outlined in Section 2.2. The Bank will bear the costs of the issuance of Credit Cards under this Section 2.1.
Issuance of Credit Cards. (a) FUSA shall issue Credit Cards, in accordance with FUSA's standard consumer Credit Card Issuing policies and credit practices, to Company Users who apply and who are approved for a Credit Card. All decisions concerning the creditworthiness of any potential Company User shall be made at the sole discretion of FUSA.
(b) Credit Card(s) issued by FUSA pursuant to the Program shall be governed by terms of cardmember agreement to be entered into between such person and FUSA. Such cardmember agreement shall specify that the laws of the State of Delaware, and as applicable, federal law, shall govern the terms and conditions of such Account and the extension of credit by FUSA to the cardmember. FUSA shall have the right to amend such cardmember agreements at any time in accordance with applicable law. Notwithstanding the forgoing, FUSA shall continue to offer competitive Credit Card pricing to Company Users throughout the term of this Agreement. Such pricing shall be comparable to that which is generally offered in other agreements which are in effect between FUSA and other like Internet companies for whom FUSA is providing on-line affinity programs with like financial terms. Company hereby acknowledges that such pricing is represented by a combination of items including, but not limited to, fees and royalties paid to such other Internet companies.
(c) Company shall not possess any ownership interest in Credit Cards issued and accounts established pursuant to this Agreement (the "Accounts"). In addition, any and all outstanding balances with respect thereto (including, without limitation, all amounts owing for the payments of goods and services, periodic finance charges, late and other charges) and all records developed and retained by FUSA in connection therewith shall be the sole property of FUSA or its assigns and Company shall have no rights or interests therein.
(d) FUSA further reserves the right to communicate information to the cardmember, which it normally sends its other cardmembers and does not utilize the Company's name or logo, without having to obtain the prior approval of Company.
Issuance of Credit Cards. So long as no Event of Default shall have occurred, the Bank shall issue Credit Cards to each applicant for a Card who qualifies for such type of Card under the Credit Card Guidelines subject to Section 6.4 hereof, the Bank shall extend credit with respect to such Credit Cards in accordance with the Credit Card Guidelines. NextCard shall design and provide the Credit Cards in forms consistent with Visa guidelines. NextCard, on behalf of the Bank, shall automatically issue a renewal card to each qualified Cardholder at each scheduled Credit Card renewal date.
Issuance of Credit Cards. CB&T shall issue Credit Cards to each applicant for a Card who qualifies for such type of Card under the Credit Criteria (as defined in Section 2.3 hereof). CB&T shall extend credit with respect to said Credit Cards, and CompuCredit shall not be considered a creditor on any Credit Card Account for any purpose whatsoever. Subject to the Operating Regulations (as defined in Section 2.11 hereof) and the terms of Section 2.9 herein, each Credit Card shall have the name, logo and/or trademark of Aspire Card or an Alternative Logo on the front thereof and shall be of a design approved by CB&T, CompuCredit and Visa or MasterCard, as applicable.
Issuance of Credit Cards. Neither the Company nor RNB shall (i) between the date of this Agreement and the Closing Date issue a credit card to a Cardholder as a replacement or substitute for the Credit Card except another Xxxxxxxx Xxxxx credit card in the ordinary course of business or (ii) issue a credit card with respect to a Target Companion Account except upon the Cardholder's request.
Issuance of Credit Cards. Merchant Originated Cardholders approved by Flexiti for a Credit Card Account will be issued an electronic form or method to access the Credit Card Account and a Flexiti-branded plastic card for purchasing Goods and/or Services pursuant to the Program (a “Credit Card”).
Issuance of Credit Cards. Bank shall issue Credit Cards to each applicant for a Card who qualifies for such type of Card under the Credit Criteria (as defined in Section 2.3 hereof). Bank shall extend credit with respect to said Credit Cards, and Marketer shall not be considered a creditor on any Credit Card Account for any purpose whatsoever. Subject to the Operating Regulations (as defined in Section 2.10 hereof) and the terms of Section 2.8 herein, each Credit Card shall have the name, logo and/or trademark of [Brand] Card or an Alternative Logo on the front thereof and shall be of a design approved by Bank, Marketer and the applicable Card Association. Nothing herein shall be deemed to require Bank to establish a certain number of Accounts. Bank and Marketer agree to jointly establish policies concerning the volume of Accounts that Bank is willing to have open in connection with the Program. To the extent any Regulatory Authority provides written guidance or requirements to Bank to make changes to any aspect of the Program, Bank and Marketer shall meet in good faith for a period of thirty (30) days, or such shorter time if required by such guidance or requirements, to address and respond to any such guidance or requirement. Bank shall have the right to take any actions necessary to respond to any written instruction by any Regulatory Authority to add, delete or revise those portions of the Program including, if appropriate, the Program in its entirety, that are the subject of such instruction. Bank agrees that in such event it will work with both the Marketer and the Regulatory Authority to attempt to provide for a reasonable time period for such termination or cessation of marketing efforts and agrees to take such actions, notwithstanding any other rights set forth herein, only if instructed by a Regulatory Authority in writing or in a report of examination. Bank shall at all times have the express obligation of acting in good faith in response to any such Regulatory Authority’s guidance or instruction. In any event, Bank shall issue Cards to all qualifying applicants once such individuals have been identified for solicitation.
Issuance of Credit Cards. CB&T shall issue Credit Cards (either secured or unsecured) to each applicant for a Card who qualifies for such type of Card under the Credit Criteria (as defined in Section 2.3 hereof). CB&T shall extend credit with respect to said Credit Cards, and BFC shall not be considered a creditor on any Credit Card Account for any purpose whatsoever. Subject to the Operating Regulations (as defined in Section 2.12 hereof) and the terms of Section 2.10 herein, each Credit Card shall have the name, logo and/or trademark of H&R Block Value Card, CompuServe Card or Interim Card on the front thereof and shall be of a design approved by CB&T, BFC and MasterCard or Visa, as applicable.
Issuance of Credit Cards. Bank shall issue Credit Cards to applicants who qualify for such Cards under the Credit Criteria (as defined in Section 2.3 hereof) and shall extend all credit with respect to such Credit Cards. Bank and Marketer intend that Bank shall be the creditor on the Credit Card Account and that Marketer shall not be considered a creditor on any Credit Card Account for any purpose whatsoever. Subject to the Operating Regulations (as defined in Section 2.9 hereof) and the terms of Section 2.7 herein, each Credit Card shall have the name, logo and/or trademark of [Brand] Card or an Alternative Logo on the front thereof and shall be of a design approved by Bank, Marketer and MasterCard, as applicable.
Issuance of Credit Cards. So long as no Event of Default shall have occurred, the Bank shall issue Credit Cards to each applicant for a Card who qualifies for such type of Card under the Credit Card Guidelines and such underwriting algorithms as are approved in writing by the Bank and NextCard from time to time. Subject to Section 6.4 hereof, the Bank shall extend credit with respect to such Credit Cards in accordance with the Credit Card Guidelines. NextCard shall design and provide the Credit Cards in forms consistent with Visa guidelines. NextCard, on behalf of the Bank, shall automatically issue a renewal card to each qualified Cardholder at each scheduled Credit Card renewal date.
