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

Periodic Finance Charges and Other Fees. (i) Except (x) as otherwise required by any Requirements of Law, or (y) as is deemed by the Account Owner to be necessary in order for it to maintain its credit card business on a competitive basis based on a good faith assessment by it of the nature of its competition in the credit card business, it shall not at any time reduce the annual percentage rate of the Periodic Finance Charges assessed on the Receivables transferred by it to the Transferor or other fees charged on any of the Accounts owned by it if, as a result of any such reduction, either (i) such Account Owner's reasonable expectation is that such reduction will cause a Pay Out Event or Reinvestment Event to occur or (ii) such reduction is not also applied to any comparable segments of consumer revolving credit card accounts owned by such Account Owner which have characteristics the same as, or substantially similar to, such Accounts.

Periodic Finance Charges and Other Fees. (i) Except (x) as otherwise required by any Requirements Requirement of Law, or (y) as is deemed by the Account Owner to be necessary in order for it to maintain its credit card business on a competitive basis based on a good faith assessment by it of the nature of its competition in the credit card business, it shall not at any time reduce the annual percentage rate of the Periodic Finance Charges assessed on the Receivables transferred by it to the Transferor Corporation or other fees charged on any of the Accounts owned by it if, as a result of any such reduction, either (i) such the Account Owner's reasonable expectation is that such reduction will cause a Pay Out Event or Reinvestment Reimbursement Event to occur or (ii) such reduction is not also applied to any comparable segments of consumer revolving credit card accounts owned by such the Account Owner which have characteristics the same as, or substantially similar to, such Accounts.

Periodic Finance Charges and Other Fees. (i) Except (x) as otherwise required by any Requirements Requirement of Law, or (y) as is deemed by the Account Owner to be necessary in order for it to maintain its credit card business on a competitive basis based on a good faith assessment by it of the nature of its competition in the credit card business, it shall not at any time reduce the annual percentage rate of the Periodic Finance Charges assessed on the Receivables transferred by it to the Transferor Corporation or other fees charged on any of the Accounts owned by it if, as a result of any such reduction, either (i) such the Account Owner's reasonable expectation is that such reduction will cause a Pay Out Event or Reinvestment Reimbursement Event to occur or (ii) such reduction is not also applied to any comparable segments of consumer revolving credit card accounts owned by such the Account Owner which have characteristics the same as, or substantially similar to, such Accounts.