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

Periodic Rate Finance Charges and Other Fees. Except (i) as otherwise required by any Requirements of Law or (ii) 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 Periodic Rate 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 either (1) as a result of any such reduction, such Account Owner’s reasonable expectation is that such reduction will cause a Pay Out Event or Event of Default to occur or (2) such reduction is not also applied to all comparable segments of VISA®, private label or other retail consumer revolving credit card accounts owned by such Account Owner which have characteristics the same as, or substantially similar to, such Accounts.

Periodic Rate Finance Charges and Other Fees. Except (iA) as otherwise required by any Requirements of Law or (iiB) 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 Periodic Rate 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 either (1) as a result of any such reduction, such Account Owner’s 's reasonable expectation is that such reduction will cause a Pay Out Redemption Event or Event of Default to occur or (2) such reduction is not also applied to all comparable segments of VISA®, private label VISA(R) or other retail consumer revolving credit card accounts owned by such Account Owner which have characteristics the same as, or substantially similar to, such Accounts.

Periodic Rate Finance Charges and Other Fees. Except (iA) as otherwise required by any Requirements of Law Law, or (iiB) 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 Rate 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 either (1) as a result of any such reduction, such Account Owner’s 's reasonable expectation is that such reduction will cause a Pay Out Redemption Event or Event of Default to occur or (2) such reduction is not also applied to all comparable segments of VISA®, private label or other retail consumer revolving credit card accounts owned by such Account Owner which have characteristics the same as, or substantially similar to, such Accounts.

Periodic Rate Finance Charges and Other Fees. Except (iA) as otherwise required by any Requirements of Law Law, or (iiB) as is deemed by the applicable 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 Rate 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 either (1) as a result of any such reduction, such Account Owner’s 's reasonable expectation is that such reduction will cause a Pay Out Event or Event of Default to occur or (2) such reduction is not also applied to all comparable segments of VISA®, private label or other retail consumer revolving credit card accounts owned by such Account Owner which have characteristics the same as, or substantially similar to, such Accounts.