Common use of Periodic Rate Finance Charges Clause in Contracts

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

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

Periodic Rate Finance Charges. Except (i) as otherwise required by any Requirements of Law or (ii) as is deemed by Capital One the Account Owner to be necessary in order for it to maintain its credit card business or a program operated by such credit card business on a competitive basis based on a good faith assessment by it of the nature of the competition with respect to in the credit card business or such programbusiness, Capital One 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 Purchaser or other fees charged on any of the Accounts if, owned by it if either (A) as a result of any such reduction, either (i) Capital Onesuch Account Owner’s reasonable expectation is that such reduction will cause a Pay Out Event or Event of Default to occur or (iiB) such reduction is not also applied to any all comparable segment segments of the VISA®, private label or other retail consumer revolving credit card accounts owned by Capital One such Account Owner which have characteristics the same as, or substantially similar to, such Accounts.

Periodic Rate Finance Charges. Except (i) as otherwise required by any Requirements of Law or (ii) as is deemed by Capital One the Account Owner to be necessary in order for it to maintain its credit card business or a program operated by such credit card business on a competitive basis based on a good faith assessment by it of the nature of the competition with respect to in the credit card business or such programbusiness, Capital One 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 Purchaser or other fees charged on any of the Accounts if, owned by it if either (A) as a result of any such reduction, either (i) Capital One’s such Account Owner's reasonable expectation is that such reduction will cause a Pay Out Event or Event of Default to occur or (iiB) such reduction is not also applied to any all comparable segment segments of consumer revolving credit card accounts owned by Capital One such Account Owner which have characteristics the same as, or substantially similar to, such Accounts.

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

Periodic Rate Finance Charges. Except (i) as otherwise required by any Requirements of Law or (ii) as is deemed by Capital One the Account Owner to be necessary in order for it to maintain its credit card business or a program operated by such credit card business on a competitive basis based on a good faith assessment by it of the nature of the competition with respect to in the credit card business or such programbusiness, Capital One 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 Purchaser or other fees charged on any of the Accounts if, owned by it if either (A) as a result of any such reduction, either (i) Capital One’s such Account Owner's reasonable expectation is that such reduction will cause a Pay Out Event or Event of Default to occur or (iiB) such reduction is not also applied to any all comparable segment segments of the VISA(R) or other retail consumer revolving credit card accounts owned by Capital One such Account Owner which have characteristics the same as, or substantially similar to, such Accounts.

Periodic Rate Finance Charges. Except (i) as otherwise required by any Requirements of Law or (ii) as is deemed by Capital One such Seller to be necessary in order for it to maintain its credit card business or a program operated by such credit card business on a competitive basis based on a good faith assessment by it of the nature of the competition with respect to in the credit card business or such programbusiness, Capital One 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 Purchaser or other fees charged on any of the Accounts if, owned by it if either (A) as a result of any such reduction, either (i) Capital One’s such Seller's reasonable expectation is that such reduction will cause a Pay Out Event or Event of Default to occur or (iiB) such reduction is not also applied to any all comparable segment segments of consumer revolving credit card accounts owned by Capital One such Account Owner which have characteristics the same as, or substantially similar to, such Accounts.