Common use of Master File Information Clause in Contracts

Master File Information. Seller shall transmit to Purchaser, in a secure format (which may include, but is not limited to, an electronic and encrypted transmission) as requested by Purchaser, Cardholder information reasonably necessary to facilitate Purchaser’s timely mailing of change in terms and other notice(s), as described in this Section II.G., as well as determination of the Purchase Price as described in Section II.B.1. Seller agrees to provide Purchaser, at Seller’s cost and up to four (4) times prior to the Conversion Date (according to the timeline set forth in Schedule B), with master file information about the Accounts to be Sold in a format prescribed and containing information requested by Purchaser, which will include, without limitation, Cardholder name, address and social security number. Each transmission of the master file information provided hereunder shall have been produced no earlier than five (5) Business Days prior to the date the information is transferred to Purchaser and shall be current as of said production date and contain all of the Accounts to be Sold. In addition to other uses in connection with the transfer of the Accounts to be Sold, the master file information will be used to identify Accounts for which Purchaser needs more information. Seller shall research and provide an answer to any request made by Purchaser for more information within five (5) Business Days of each request by Purchaser. Seller shall provide to Purchaser, no later than ten (10) Business Days after the Conversion Date, the last six months of Account statements for each Account to be Sold.