Common use of Seller Program Clause in Contracts

Seller Program. After the date of this Agreement, and before the Conversion Date, Seller will not, without Purchaser’s consent: (1) engage in or participate in any material transaction or incur or sustain any material obligation with respect to the credit card business, except in the ordinary course of business; (2) transfer, assign, encumber, or otherwise dispose of, or enter into any agreement to transfer, assign, encumber, or dispose of any Account to be Sold, except in the ordinary course of business; (3) change Seller’s Policies and Procedures with respect to the Accounts to be Sold except as may be required by Requirements of Law (in which case Seller shall promptly notify Purchaser of such change); or (4) conduct its credit card plan in other than a normal and regular manner, as it has been previously conducted; or (5) take any action that would adversely affect any Account to be Sold. From the date of this Agreement, Seller shall not offer, or enter into an agreement with a third party with the intent to offer, to existing and potential Cardholders any Account terms that restrict Purchaser’s ability to change such terms.

Seller Program. After the date of this Agreement, and before the Conversion Date, Seller will not, without Purchaser’s consent: (1) engage in or participate in any material transaction or incur or sustain any material obligation with respect to the credit card business, except in the ordinary course of business; (2) transfer, assign, encumber, or otherwise dispose of, or enter into any agreement to transfer, assign, encumber, or dispose of any Account to be Sold, except in the ordinary course of business; (3) change Seller’s Policies and Procedures with respect to the Accounts to be Sold except as may be required by Requirements of Law (in which case Seller shall promptly notify Purchaser of such change); or (4) conduct its credit card plan in other than a normal and regular manner, as it has been previously conducted; or (5) take any action that would adversely affect any Account the Accounts to be Sold. From the date of this Agreement, Seller shall not offer, or enter into an agreement with a third party with the intent to offer, to existing and potential Cardholders any Account terms that restrict Purchaser’s ability to change such terms.

Seller Program. After the date of this Agreement, Agreement and before the Conversion Date, Date Seller will not, not without Purchaser’s 's consent: (1) engage in or participate in any material transaction or incur or sustain any material obligation with respect to the credit card businessAccounts to be Sold, except in the ordinary course of business; (2) transfer, assign, encumber, or otherwise dispose of, or enter into any agreement to transfer, assign, encumber, or dispose of any Account to be Sold, Sold except in the ordinary course of business; (3) change Seller’s 's Policies and Procedures with respect to the Accounts to be Sold except as may be required by Requirements of Law (in which case Seller shall promptly notify Purchaser of such change)) or as mutually agreed between the parties; or (4) conduct its credit card plan in other than a normal and regular manner, as it has been previously conducted; or (5) take any action that would adversely have a material adverse affect on any Account to be Sold. From the date of this Agreement, Seller shall not offer, or enter into an agreement with a third party with the intent to offer, to existing and potential Cardholders any Account terms that restrict Purchaser’s 's ability to change such terms.