Private Label Services. In the event RapLab provides Private-Label services for Article(s) submitted by the Client, by branding the Grading Report issued by RapLab with the Client’s own logo or trademark to be used as the Client’s own report subject to the terms of this Agreement, the following provisions shall apply:
a. The Private- Label Grading Report
i. RapLab will perform the grading and examination Services for the Article/s as requested by the Client and will issue a Grading Report.
ii. Client shall provide RapLab with their trademark and/or logo to be printed on such Grading Report. Client represents and warrants that the Client is the owner of, or has obtained all necessary consents, authorizations or licenses for the lawful use of any copyright, trademark, moral or other intellectual property in the trademark/logo provided by Client for such purpose.
iii. RapLab will finalize the layout and design of the Client’s logo/trademark on the Grading Report together with the Client, and will issue a Client-branded “Private- Label Grading Report” for such Article/s (the “PLGR”).
iv. The PLGR shall bear words signifying that RapLab and/or Rapaport has provided the grading services for the PLGR.
Private Label Services. If the Company provides private label services linking to a Component System to any party, including without limitation shareholders, investment advisors, management companies, financial intermediaries, and financial advisors, Company represents and warrants that it will post its own privacy policy on the website or application through which Company delivers the private label service and it must be compliant with any applicable law. BNYM provides the Company with cookies, web beacons and similar functionality (collectively “Cookie(s)”) as part of the private label services, which Cookies are described at xxxxx://xxxxx.xxxxxxxxx.xxx/app/public/cookiePolicy (“BNY Mellon Cookie Notice”). Company represents and warrants that Company will also post a cookie policy if required and in compliance with applicable Law. Some Cookies are provided by third party service providers that require pass through requirements, such as Google LLC. You will include in either your privacy or cookie policy at least the following pass through information, unless otherwise agreed between the parties in writing: “How Google uses data collected via cookies when you use our partners’ sites or apps is located at xxx.xxxxxx.xxx/xxxxxxxx/xxxxxxx/xxxxxxxx, or any other URL Google may provide from time to time.” BNY Mellon reserves the right to revise its use of Cookies at any time without notice to you, including third party service provider pass through requirements. The BNY Mellon Cookie Notice will contain the date on which it was last updated. You will regularly update both your privacy policy, and cookie policy as applicable, as necessary to reflect any changes made to the BNY Mellon Cookie Notice and/or applicable Law. AdvisorCentral A portal for trusts, financial advisors, broker/dealers and other financial intermediaries to view mutual fund and client account data on the transfer agent mainframe via the Internet if permitted access by Company and for Company back offices to view the same data. ACE ACE Settlement (Automated Control Environment) - Performs automated mutual fund settlement, dividend settlement, tax withholding tracking, and gain loss settlement and produces the supersheet that contains a summary of dollar and share activities. Includes in the foregoing all estimation functions previously performed by ACE Estimate. AHD (Automated Help Desk) - a Web based help desk application used to log and track transactional issues. AOS AOS (Advanced Output Solutions) Digital Report...
Private Label Services. Section 3.01 Contractual Framework 14 Section 3.02 Key Services 15 Section 3.03 Dedicated Business Unit 16 Section 3.04 Non-Chrysler Services 17 Section 3.05 Dealer Financing Services 17 Section 3.06 Retail Financing Services 18 Section 3.07 Commercial Financing Services 19 Section 3.08 Annual Review of Financing Services 20 Section 3.09 Third-Party Subcontracting 20 Section 3.10 Trademark License and Branding 20 Section 3.11 Wholesale Payment Procedures 21
Private Label Services. Our Private Label Services segment assists clients in extending their brand with a private label or co-branded credit card that can be used by customers at the clients’ store locations, catalogs or on-line. We provide service and maintenance to our clients’ private label credit and co-branded card programs and assist our clients in acquiring, retaining and managing valuable repeat customers. Our Private Label Services segment performs processing services for our Private Label Credit segment in connection with that segment’s private label credit card and co-branded programs. These inter-segment services accounted for 96.4% of Private Label Services’ revenue in 2007. We have developed a proprietary private label credit card system designed specifically for retailers that has the flexibility to be customized to accommodate our clients’ specific needs. We have also built into the system marketing tools to assist our clients in increasing sales. We utilize our Quick Credit and On-Line Prescreen products to originate new private label credit card accounts. We believe that these products provide an effective marketing advantage over competing services. We use automated technology for xxxx preparation, printing and mailing, as well as offer consumers the ability to view, print and pay their bills on-line. By doing so, we improve the funds availability for both our clients and for those private label credit card receivables that we own or securitize. Our customer care operations are influenced by our retail heritage. We focus our training programs in all areas to achieve the highest possible standards. We monitor our performance by conducting surveys with our clients and their customers. Our call centers are equipped to handle phone, mail, fax and on-line inquiries. We also provide collection activities on delinquent accounts to support our retail private label credit card programs. Our Private Label Credit segment provides risk management solutions, account origination and funding services for our more than 85 private label retail card programs. Through these programs, we managed approximately $3.9 billion in average receivables from approximately 23 million active accounts for the year ended December 31, 2007, with an average balance during that period of approximately $360 for accounts with outstanding balances. We process millions of credit applications each year using automated proprietary scoring technology and verification procedures to make risk-based origi...
Private Label Services. The Private Label Services segment primarily generates revenue based on the number of statements generated, customer calls handled and transactions processed. Statements generated are the primary driver of revenue for this segment and represent the majority of revenue.
Private Label Services. Revenue decreased $11.8 million, or 3.1%, due primarily to a decline in our marketing revenue of approximately $11.0 million from the non-renewal of an expiring contract with an existing client. Servicing revenue declined slightly, $0.4 million, as a result of a decline in statements generated.
Private Label Services. Operating expenses, as defined, increased $8.9 million, or 3.4%, to $271.7 million for the year ended December 31, 2007 from $262.8 million for the comparable period in 2006, and adjusted EBITDA margin decreased to 26.7% for the year ended December 31, 2007 from 31.3% for the comparable period in 2006. Operating expenses increased due to higher expenses for increased staffing levels in our call centers and customer relationship areas which in turn drove higher profits in our Private Label Credit segment. Adjusted EBITDA margin decreased as a result of these incremental expenses. • Private Label Credit. Operating expenses, as defined, increased $15.2 million, or 3.3%, to $477.9 million for the year ended December 31, 2007 from $462.6 million for the comparable period in 2006, and adjusted EBITDA margin increased to 42.3% for the year ended December 31, 2007 from 37.9% for the comparable period in 2006. The increase in operating expenses is in part due to higher marketing expenses for our clients. The increased adjusted EBITDA margin is the result of favorable revenue trends from an increase in our average managed receivables and an increase in collected yield. The adjusted EBITDA margin also benefited from increased staffing levels in our call centers and customer relationship areas as those costs were borne by the Private Label Services segment. • Corporate/Other. Operating expenses, as defined, decreased $18.1 million, or 15.2%, to $100.7 million for the year ended December 31, 2007 from $118.8 million for the comparable period in 2006. The decline in operating expenses was impacted by the sale our Mail Services division in November 2007. Additionally, corporate operating expenses were positively impacted by a reduction in benefit costs and payroll expenses and a decrease in legal and consulting expenses. • Stock compensation expense. Stock compensation expense increased $12.5 million, or 35.0%, to $48.3 million for the year ended December 31, 2007 from $35.8 million for the comparable period in 2006. The increase was due primarily to the modification of terms of certain equity based awards aggregating $8.6 million, as well as the true up of certain estimates, including forfeitures upon the adoption of SFAS No. 123(R) in 2006, of approximately $3.3 million.
Private Label Services. Revenue increased $37.0 million, or 10.7%, primarily due to an 8.8% increase in statements generated, which resulted in a $44.8 million increase in revenue. Our growth in statements generated was attributable to the ramp up of new clients along with growth from tenured clients. Revenue attributable to our other servicing fees declined $8.4 million due to a change in contractual terms for one of our existing clients. This change in terms benefited our Private Label Credit segment.
Private Label Services. Operating expenses, as defined, increased $15.6 million, or 6.3%, to $262.8 million for 2006 from $247.2 million for 2005, and adjusted EBITDA margin increased to 31.3% for 2006 from 28.5% for 2005. The increase in adjusted EBITDA margin was the result of increases in revenue driven by an 8.8% increase in statements generated. • Private Label Credit. Operating expenses, as defined, increased $88.4 million, or 23.6%, to $462.6 million for 2006 from $374.2 million for 2005, and adjusted EBITDA margin increased to 37.9% for 2006 from 34.3% for 2005. The increase in operating expenses is primarily attributed to the increase in cost of sales for statements generated and higher marketing expenses. The increased adjusted EBITDA margin was the result of favorable revenue trends, including an increase in our average managed receivables, an increase in collected yield and lower charge-offs due to the increase in revenue and higher marketing spending as part of the shift in fees charged to certain portfolios. • Corporate/Other. Operating expenses, as defined, decreased $1.8 million, or 1.5%, to $118.8 million for 2006 from $120.6 million for 2005. The decrease in corporate operating expenses was primarily a result of lower medical and benefit costs in 2006 as compared to 2005. • Stock compensation expense. Stock compensation expense increased $24.8 million, or 226.5%, to $35.8 million for 2006 from $11.0 million for 2005. The increase was primarily attributable to our adoption of SFAS No. 123(R) under the modified prospective method. Compensation expense related to our stock options totaled $18.2 million in 2006 as compared to zero in 2005. In addition, compensation expense related to our restricted stock awards increased $6.1 million. During 2006, we shifted the balance of the stock-based awards granted, increasing the number of service-based restricted stock awards and reducing the number of stock options awarded. • Depreciation and Amortization. Depreciation and amortization increased $25.9 million, or 40.7%, to $89.4 million for 2006 from $63.5 million for 2005. Amortization of purchased intangibles increased $17.9 million, of which $13.5 million relates to recent business acquisitions and $4.1 million relates to the amortization of premiums associated with the Xxxxx portfolio acquisition completed in November 2005. The increase in depreciation and other amortization of $8.0 million is a result of relatively higher capital expenditures compared to prior years. Op...
Private Label Services. Section 3.01 Contractual Framework 11 Section 3.02 Key Services 12 Section 3.03 Dedicated Business Unit 13 Section 3.04 Non-Chrysler Services 14 Section 3.05 Dealer Financing Services 14 Section 3.06 Retail Financing Services 15 Section 3.07 Commercial Financing Services 16 Section 3.08 Annual Review of Financing Services 17 Section 3.09 Third-Party Subcontracting 17 Section 3.10 Trademark License and Branding 17 Section 3.11 Wholesale Payment Procedures 18 ARTICLE IV COMMITMENTS FROM SCUSA Section 4.01 Funding 18 Section 4.02 Funding Plan 19 Section 4.03 Approval Levels 20 Section 4.04 Sales Force 20 Section 4.05 Service Levels 20 Section 4.06 Dealer Training Support 21 Section 4.07 Remarketing 21 Section 4.08 Pricing; Support Rate 21 Section 4.09 Information Technology 23 Section 4.10 Information Rights/Transparency 24 Section 4.11 Quality 24 Section 4.12 Promotion 24 Section 4.13 Performance Metrics 25 Section 4.14 Data Sharing, Security and Privacy 25 ARTICLE V
