Systems Transition Date definition
Examples of Systems Transition Date in a sentence
Within ten (10) calendar days after the end of each Fiscal Quarter, the FDS Servicer (or following the Systems Transition Date, Bank) shall provide to the other Parties a report setting forth, for such preceding twelve (12) Fiscal Month period ended at the end of such Fiscal Quarter: (i) Average Private Label Receivables and (ii) Average Private Label Interest Free Receivables.
Bank shall develop and maintain an NMG-branded website for Cardholders and potential Cardholders to be effective as of the Systems Transition Date, with the look and feel consistent with the NMG Companies’ websites (“Program Website”).
Except to the extent performed as part of the services provided by the FDS Servicer prior to the Systems Transition Date, Bank shall be responsible for accounting and servicing of all rewards under the Value Propositions associated with the Program (including with respect to Loyalty Programs, in accordance with the eligibility criteria for each Loyalty Program), such as printing certificates on monthly Billing Statements and rewards summaries.
From and after the Systems Transition Date, within ten (10) Business Days after the end of each Fiscal Month or such other time as may be agreed by the Parties with respect to particular reports, Bank shall provide to the Management Committee and Pier 1 the report specified in Schedule 7.1(b) (which report shall be reported on a Fiscal Month, calendar month or cycles-basis, as agreed upon by the parties), and such other reports as are mutually agreed to by the Parties from time to time.
Subject to the satisfaction of each of the requirements set forth in Section 7.4(b), at such time, if any, when both Belk and Bank have concluded that such conversion will further the Program Objectives and provide cost efficiencies and features and functionality superior to those available on the Belk Systems without an unacceptable level of Program disruption, such conversion shall be implemented (the date of any such conversion the "Systems Transition Date").
Furthermore, Bank shall, with Retailer’s cooperation and support, use its best efforts to reasonably provide assistance to Retailer in order to meet the Systems Transition Date and Servicing Transition Date and to address Retailer’s capacity requirements should the Systems Transition Date or Servicing Transition Date not be met.
Belk Servicer will continue to service the Program for the time period between the Effective Date and the Systems Transition Date or an agreed upon date.
Prior to the Systems Transition Date, the FDS Companies shall keep adequate records and books of account with respect to the Accounts and Cardholder Indebtedness in which proper entries, reflecting all of the FDS Companies' transactions relating to the Program are made in accordance with the terms of this Agreement.
In the event that either Bank or Retailer reasonably believes that the Systems Transition Date or Servicing Transition Date may not be met within the specified timeframe, Bank and Retailer shall jointly develop a contingency plan taking into consideration Retailer capacity and resource constraints associated with not meeting the Systems Transition Date or Servicing Transition Date, Retailer planned new store openings, and the upcoming Holiday season.
From the Closing Date to the Systems Transition Date, within ten (10) Business Days after the end of each Fiscal Month or such other time as may be agreed by the Parties with respect to particular reports, Pier 1 shall provide to the Management Committee and Bank the report specified in Schedule 7.1(a) (which report shall be reported on a Fiscal Month, calendar month or cycles-basis, as agreed upon by the parties), and such other reports as are mutually agreed to by the Parties from time to time.