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

Periodic Finance Charges and Other Fees. Seller shall consult with Buyer prior to making any reduction in the periodic finance charges assessed on any Transferred Receivable or other fees on any Account. Except as otherwise required by any Requirement of Law, or as is deemed by Seller to be necessary in order for it to maintain its credit card business, based upon Seller’s good faith assessment, in its sole discretion, of the nature of the competition in the credit card business, Seller shall not at any time make such a reduction if Buyer informs Seller that, as a result of such reduction, Buyer’s reasonable expectation of the portfolio yield for any series of notes secured, directly or indirectly, by the Transferred Receivables as of the date of such reduction would be less than the then base rate for that series, all as determined in accordance with the terms of that series. In any event, Seller shall not reduce the periodic finance charges assessed on any Transferred Receivable or other fees on any Account without the consent of Buyer, which consent Buyer shall provide unless the giving of such consent is prohibited by any agreement to which Buyer is a party.

Periodic Finance Charges and Other Fees. Seller shall consult with Buyer prior to making any reduction in the periodic finance charges assessed on any Transferred Receivable or other fees on any Account. Except as otherwise required by any Requirement of Law, or as is deemed by Seller Originator to be necessary in order for it to maintain its credit card business, based upon SellerOriginator’s good faith assessment, in its sole discretion, of the nature of the competition in the credit card business, Seller shall not at any time make such a reduction if Buyer informs Seller thatpermit Originator to reduce the periodic finance charges assessed on any Transferred Receivable or other fees on any Account if, as a result of such reduction, BuyerSeller’s reasonable expectation of the portfolio yield for any series of notes secured, directly or indirectly, by the Transferred Receivables Receivables, as of the date of such reduction would be less than the then base rate for that series, all as determined in accordance with the terms of that series. In any event, Seller shall not permit Originator to reduce the periodic finance charges assessed on any Transferred Receivable or other fees on any Account without the consent of Buyer, which consent Buyer shall provide unless the giving of such consent is prohibited by any agreement to which Buyer is a party.