Common use of ORGANIZATION PAYMENTS Clause in Contracts

ORGANIZATION PAYMENTS. a) The Organization will earn royalties based on Account activity as set forth in the disclosures in the Program application and on the Online Site, which may vary from time to time in Capital One's sole discretion. Capital One will provide royalties to the Organization or to the Fiscal Sponsor of the Organization as addressed further herein, based on the initial purchase made on each new Account (a "First Purchase Royalty") and/or a transaction contribution based on a percentage of the Net Purchase Volume charged to each Card (an "Ongoing Purchase Contributions"). The First Purchase Royalties and the Ongoing Purchase Contributions shall be collectively referred to as the "Organization Payments." Capital One will provide the Organization Payments on at least a quarterly basis. The Organization will periodically receive a report detailing the aggregate Organization Payments accrued under the Program.