Interim Processing Agreement definition

Interim Processing Agreement shall have the meaning specified in Section 8.4.

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Interim Processing Agreement means the Interim Processing Agreement, dated as of January, 2002 between Chase USA and Providian National Bank, as the same may from time to time be amended, modified or otherwise supplemented.

Interim Processing Agreement means the agreement in the form of Exhibit "E" to be entered into at the Closing by and among Stage, Specialty and the Bank related to the continued processing of the Accounts and Bank's credit card program established pursuant to the Program Agreement on Specialty's systems for the Bank, subject to the terms and conditions described therein, until such time as Bank transfers the Accounts to Bank's system.

Examples of Interim Processing Agreement in a sentence

• In the event there are inconsistencies between this Agreement and the Interim Processing Agreement, with regard to matters covered by the Interim Processing Agreement, the latter shall govern.

• Purchaser agrees, and the Interim Processing Agreement shall provide, that following the Closing Date, Purchaser shall reimburse Assignor for any draws under the Letters of Credit that are honored by Assignor pursuant to Section 8.4 of the Primary Purchase Agreement.

• Such Interim Processing Agreement will set forth in more particular detail the responsibilities of each party during the transition.

• In order to facilitate the transition of the operation of the credit business from JCPenney to Bank, Bank and JCPenney shall enter into the Interim Processing Agreement.

• The Bank’s obligations under this Agreement shall be excused from any non-performance to the extent caused by a failure of JCPenney’s performance under the Interim Processing Agreement.

• If any such delegation is to a party other than to an Affiliate of Chase USA or FDR or is pursuant to the Interim Processing Agreement, notification thereof shall be given to each Rating Agency and the Trustee.

• Seller and AMS will retain such 80% of those fees as they are collected, any other terms or provisions of the Interim Processing Agreement notwithstanding.

• If reimbursement by Purchaser to Assignor pursuant to the Interim Processing Agreement is not received by the second (2nd) Business Day following Assignor’s request for reimbursement, Assignor shall be entitled to draw on the Stand-by Facility for any such unreimbursed amounts.

• As of the Effective Date, the Sellers covenant and agree to: (a) execute and deliver to the Buyers this Agreement; and (b) execute the Program Agreement, the Interim Processing Agreement and the Lease Agreement.

• Subsequent to the Effective Date, the accounts in which the Pre-Effective Date Reserves are deposited will be maintained at Seller until the termination of the Interim Processing Agreement executed concurrently herewith, at which time any remaining Pre-Effective Date Reserves will be transferred to another financial institution, which is a member in good standing of the national credit card associations, at Purchaser's direction ("Purchaser's Bank").

More Definitions of Interim Processing Agreement

Interim Processing Agreement means the Interim Processing Agreement dated May 21, 2003, by and between Specialty and Bank related to the continued processing of the Accounts on Specialty's systems until the date of conversion by Bank to Bank's systems, subject to the terms and conditions described therein.

Interim Processing Agreement means that certain Interim Processing Agreement between Bank and JCPenney dated as of Closing Date, which is specified in Section 12.24 of this Agreement.