Transfer of Employee Accounts. In the event an Employee Account ceases to be an Employee Account, such Account shall be transferred to Bank (together with the applicable Account Documentation and an assignment of applicable Credit Card Agreement) on the terms and conditions set forth in Exhibit A to this Schedule 2.1(b) within one Business Day following such change in status without the payment of any amount, provided that Bank shall not be required to accept such transfer of any Employee Account to the extent such Employee Account, in Bank’s reasonable discretion, was not underwritten or maintained in accordance with the Risk Management Policies.
Transfer of Employee Accounts. Effective at the close of business on each Business Day, subject to Section 5 of Schedule 2.1(b), FDS Bank hereby transfers, assigns and otherwise conveys to Bank (or its designee), without recourse, all right, title and interest of FDS Bank, in, to and under the Former Employee Accounts, the Credit Card Agreements relating solely to such Former Employee Accounts and the Account Documentation relating solely to each such Former Employee Accounts. Bank hereby accepts (for itself, or its designee) all right, title and interest in, to and under such property so transferred. For the avoidance of doubt, such transfer shall not require any additional payment by Bank (or its designee) to FDS Bank.
Transfer of Employee Accounts. In the event an Employee Account ceases to be an Employee Account, such Account shall be transferred to CEBA Bank (together with the applicable Account Documentation and an assignment of applicable Credit Card Agreement) on the terms and conditions set forth in Exhibit B to this Schedule 2.1(b) within one Business Day following such change in status without the payment of any amount, provided that [redacted]. In the event an Account becomes an Employee Account, such Account shall be transferred to FDS Bank (together with the applicable Account Documentation and an assignment of applicable Credit Card Agreement) on the terms and conditions set forth in Exhibit C to this Schedule 2.1(b) within one Business Day following such change in status without the payment of any amount.
Transfer of Employee Accounts. Effective at the close of business on each Business Day, subject to Section 5 of Schedule 2.1(b), FDS Bank hereby transfers, assigns and otherwise conveys to CEBA Bank (or its designee), without recourse, all right, title and interest of FDS Bank, in, to and under the Former Employee Accounts, the Credit Card Agreements relating solely to such Former Employee Accounts and the Account Documentation relating solely to each such Former Employee Accounts. CEBA Bank hereby accepts (for itself, or its designee) all right, title and interest in, to and under such property so transferred. For the avoidance of doubt, such transfer shall not require any additional payment by CEBA Bank (or its designee) to FDS Bank.
Transfer of Employee Accounts. Effective at the close of business on each Business Day, CEBA Bank hereby transfers, assigns and otherwise conveys to FDS Bank (or its designee), without recourse, all right, title and interest of CEBA Bank, in, to and under the Converted Employee Accounts, the Credit Card Agreements relating solely to such Converted Employee Accounts and the Account Documentation relating solely to each such Converted Employee Accounts. FDS Bank hereby accepts all right, title and interest in, to and under such property so transferred. For the avoidance of doubt, such transfer shall not require any additional payment by FDS Bank to CEBA Bank.
