Credit Card Notification definition

Credit Card Notification has the meaning assigned to such term in Section 5.11.
Credit Card Notification has the meaning provided in Section 2.21(c).
Credit Card Notification means, collectively, the notices to Credit Card Issuers or Credit Card Processors who are parties to Credit Card Agreements in a form reasonably satisfactory to the Administrative Agent, and which Credit Card Notifications shall require the ACH or wire transfer no less frequently than each Business Day (and whether or not there are then any outstanding Obligations) to an Approved Deposit Account of all payments due from Credit Card Processors.

Examples of Credit Card Notification in a sentence

  • The Obligors shall be entitled to terminate any Credit Card Notification in connection with any such Securitization Transaction (and the Agent shall take such action as the Company shall reasonably request in connection therewith and shall otherwise cooperate to effectuate such termination).


More Definitions of Credit Card Notification

Credit Card Notification has the meaning specified in Section 6.01(m)(i)(A).
Credit Card Notification means, collectively, the notices to Credit Card Issuers or Credit Card Processors who are parties to Credit Card Agreements, in a form reasonably satisfactory to the Agent, pursuant to which such Credit Card Issuers or Credit Card Processors, as applicable, are directed by Borrower to transfer all payments due from Credit Card Processors to a Deposit Account subject to a Control Agreement.
Credit Card Notification has the meaning specified in Section 7.17.
Credit Card Notification shall have the meaning provided in Section 5.03(b).
Credit Card Notification as defined in subsection 4.16(c).
Credit Card Notification collectively, the notices to Credit Card Issuers or Credit Card Processors who are parties to Credit Card Agreements, which Credit Card Notifications shall require the ACH or wire transfer no less frequently than each Business Day (and whether or not there are then any outstanding Obligations) of all payments due from Credit Card Processors to (i) a DDA, (ii) a Concentration Account, or (iii) any other deposit account in the United States with respect to which a control agreement is in place between the applicable Qualified Loan Party, the applicable depositary institution and the Administrative Agent or the Collateral Agent (or over which any such Agent has “control” whether or not pursuant to a control agreement).
Credit Card Notification means notifications, substantially in the form attached hereto as Exhibit O, executed on behalf of a Loan Party and delivered to such Loan Party’s credit card clearinghouses and processors.