Preservation of Accounts. Seller shall not, and shall cause Manorhaven not to, close any checking accounts or bank accounts under Seller’s or Manorhaven’s control related to Manorhaven’s net capital requirements under Rule 15c3-1 promulgated under the Securities and Exchange Act of 1934, as amended (the “Exchange Act”) and under Manorhaven’s FINRA membership agreement (the “Net Capital Requirements”), and Seller shall use commercially reasonable efforts to take all necessary action and execute such documents and instruments so as to transfer control of such accounts to Purchaser effective as of the Closing Date. In connection with maintaining such accounts, Seller shall cause Manorhaven to take all reasonably necessary action to have such persons as may be requested by Purchaser and legally permissible given signature authority over such accounts requested or removed from such accounts from and after the Closing Date.
Preservation of Accounts. During the term of this Agreement, unless otherwise agreed to in writing by Receivables Purchaser, from the date of this Agreement, Account Owner shall: (A) not sell, assign, transfer, pledge or encumber, or permit the encumbrance of (other than by Receivables Purchaser or Servicer), any Account or Receivable without the prior written consent of Receivables Purchaser; (B) not take any action with respect to the Accounts which shall impair any material rights of Receivables Purchaser other than in the ordinary course of business, and only to the extent such action is required to comply with Requirements of Law; and (C) promptly inform Receivables Purchaser of any litigation or proceeding with respect to the Accounts of which Account Owner becomes aware (but solely to the extent Account Owner has actual knowledge that Receivables Purchaser has not otherwise been notified of such litigation or proceeding by Servicer).
Preservation of Accounts. From the date of this Agreement and continuing until the Closing Date, Seller shall: (i) not sell, assign, transfer, pledge or encumber, or permit the encumbrance of, any Account without the prior written consent of Purchaser; (ii) not take any substantial action with respect to the Accounts which will impair any material rights of Seller, and shall not amend any Cardholder Agreement other than on a per customer basis in accordance with the Current Policies and Procedures; and (iii) comply with the terms and conditions of the Cardholder Agreements, as then in effect.
Preservation of Accounts. 51 SECTION 7.03. Reasonable Access.................................................................51 SECTION 7.04. Confidentiality...................................................................51 SECTION 7.05.
Preservation of Accounts. From the date of this Agreement and continuing until the Closing Date, Seller shall: (i) not sell, assign, transfer or pledge, any Account without the prior written consent of Purchaser; (ii) not take any substantial action with respect to the Accounts which will impair any material rights of Seller, and shall not amend any Cardholder Agreement other than on a per customer basis in accordance with the Policies and Procedures; and (iii) comply, in all material respects, with the terms and conditions of the Cardholder Agreements, as then in effect.
Preservation of Accounts. From the date of this Agreement and continuing until the Closing Date, Circuit City, FNANB and Tyler Funding shall: (i) other than in accordance with the Receivables Purchase Agreement and the Pooling and Servicing Agreement, not sell, assign, transfer or pledge, any Account without the prior written consent of Purchaser; (ii) not take any action with respect to the Accounts that will impair any rights of Circuit City, FNANB or Tyler Funding, and shall not amend any Account Agreement other than on a per customer basis in accordance with the Account Guidelines; and (iii) comply in all material respects with the terms and conditions of the Account Agreements, as then in effect.
Preservation of Accounts. Seller shall not, and shall cause WPS not to, close any checking accounts or bank accounts under Seller’s or WPS’s control related to the WPS Business or WPS’s net capital requirements under the SEC’s Rule 15c3-1 and under WPS’s FINRA membership agreement (the “Net Capital Requirements”) except as provided under Annex A at the Closing, and Seller shall use commercially reasonable efforts to take all necessary action and execute such documents and instruments so as to transfer control of such accounts to Purchaser effective as of the Closing Date as specified in Annex A. In connection with maintaining such accounts, Seller shall cause WPS to take all reasonably necessary action to have such persons as may be requested by Purchaser and legally permissible given signature authority over such accounts requested or removed from such accounts from and after the Closing Date. Between the Effective Date and the Closing date, WPS shall not make, and the Seller shall not cause WPS to make any distributions, payments or transfers of WPS’ cash and other assets outside of the ordinary course of business.
Preservation of Accounts. Sellers shall not, and shall cause Xxxxxx not to, close any checking accounts or bank accounts under Sellers’ or Xxxxxx’x control related to Xxxxxx’x net capital requirements under the SEC’s Rule 15c3-1 and under Xxxxxx’x FINRA membership agreement (the “Net Capital Requirements”), and Sellers shall use commercially reasonable efforts to take all necessary action and execute such documents and instruments so as to transfer control of such accounts to Purchaser effective as of the Closing Date. In connection with maintaining such accounts, Sellers shall cause Xxxxxx to take all reasonably necessary action to have such persons as may be requested by Purchaser and legally permissible given signature authority over such accounts requested or removed from such accounts from and after the Closing Date.
Preservation of Accounts. From the date of this Agreement and continuing until the Closing Date, none of Circuit City, FNANB or DCFI shall: (i) other than in accordance with the Receivables Purchase Agreement and the Pooling and Servicing Agreement, sell, assign, transfer or pledge, any Account without the prior written consent of Purchaser; (ii) take any substantial action with respect to the Accounts that will impair any material rights of Circuit City, FNANB or DCFI therein, and not amend any Account Agreement other than on a per customer basis in accordance with the Account Guidelines; and (iii) comply, in all material respects, with the terms and conditions of the Account Agreements, as then in effect.
Preservation of Accounts. During the Term, Accounts Owner shall not, directly or indirectly, transfer, sell or disclose to any other Person any Cardholder List (whether in written or other form). Accounts Owner shall not, directly or indirectly, solicit Cardholders by using a Cardholder List, in whole or in part, for any other credit card, or for any other purpose, without the prior written consent of CCRT. This Section 8.02(b) shall not prohibit any transfer, sale or disclosure of the name, address or telephone number of, or any solicitation of, any person of whose existence Accounts Owner has or obtains knowledge otherwise than by reason of Accounts Owner’s participation in this Agreement.
