Common use of Periodic Finance Charges and Other Fees Clause in Contracts

Periodic Finance Charges and Other Fees. Transferor hereby agrees that, except as otherwise required by any Requirement of Law, or as is deemed by the Credit Card Originator to be necessary in order for it to maintain its credit card business, based upon the Credit Card Originator's good faith assessment, in its sole discretion, of the nature of the competition in the credit card business, it shall not at any time permit the Credit Card Originator to reduce the Periodic Finance Charges assessed on any Receivable or other fees on any Account if, as a result of such reduction, Transferor's reasonable expectation of the Portfolio Yield for any Series as of such date would be less than the then Base Rate for that Series.

Periodic Finance Charges and Other Fees. Transferor hereby agrees that, except as otherwise required by any Requirement of Law, or as is deemed by the Credit Card Originator to be necessary in order for it to maintain its credit card business, based upon a good faith assessment by the Credit Card Originator's good faith assessment, in its sole discretion, of the nature of the competition in the credit card business, it shall not at any time permit the Credit Card Originator to reduce the Periodic Finance Charges assessed on any Receivable or other fees on any Account if, as a result of such reduction, Transferor's reasonable expectation of the Portfolio Yield for any Series as of such date would be less than the then Base Rate for that Series.