Common use of Program Approval Clause in Contracts

Program Approval. The Organization will submit an application to participate in the Program on the online Program portal (the "Program Portal") and Capital One will review the Organization's application to ensure it complies with the Program Guidelines. The Organization may have a single or multiple Program Streams. Each Program Stream contains a unique Online Site account with corresponding login credentials, a Marketing Site, and a set of card designs (each, a "Program Stream" and collectively, the "Program Streams"). The Organization must submit separate applications for each individual Program Stream through the Program Portal. The Organization will be notified via the Program Portal or e-mail whether its application has been approved, declined or is on hold. Approval of each individual Program Stream application submitted by the Organization is at the sole discretion of Capital One and the Card Network.