Common use of Adjustments to Purchase Price Clause in Contracts

Adjustments to Purchase Price. The Purchase Price shall be adjusted on each Distribution Date (a "Credit Adjustment") with respect to any Receivable previously conveyed to [ ] by the Seller which has since been reversed by the Seller or the Servicer because of a rebate, refund, unauthorized charge or billing error to a cardholder because such Receivable was created in respect of merchandise which was refused or returned by a cardholder or due to the occurrence of any other event referred to in Section 3.09 of the Pooling and Servicing Agreement. The amount of such adjustment shall equal [(x) the reduction in the principal balance of such Receivable resulting from the occurrence of such event multiplied by (y) the quotient (expressed as a percentage) of (i) the purchase Price payable on such Distribution Date computed in accordance with Section 3.01 hereof divided by (ii) the Principal Receivables paid for on such date pursuant to such Section]. In the event that an adjustment pursuant to this Section 3.02 causes the Purchase Price to be a negative number, the Seller agrees that, not later than 1:00 P.M. New York City time on such Distribution Date, the Seller shall pay to [ ], an amount equal to the amount by which the Purchase Price minus the Credit Adjustment would be reduced below zero.

Adjustments to Purchase Price. The Purchase Price shall be adjusted on each Distribution Date (a "Credit Adjustment") with respect to any Receivable previously conveyed to [ ] the Corporation by the Seller Account Owner which has since been reversed by the Seller Account Owner or the Servicer because of a rebate, refund, unauthorized charge or billing error to a cardholder an Obligor or because such Receivable was created in respect of merchandise which was refused or returned by a cardholder or due to the occurrence of any other event referred to in Section 3.09 of the Pooling and Servicing Agreement. The amount of such adjustment shall equal [(x) the reduction in the principal balance of such Receivable Principal Receivables resulting from the occurrence of such event multiplied by (y) the quotient (expressed as a percentage) of (i) the purchase Purchase Price for Principal Receivables payable on such Distribution Date computed in accordance with Section 3.01 hereof divided by (ii) the Principal Receivables paid for on such date pursuant to such Section]Section 3.01. In the event that an adjustment pursuant to this Section 3.02 causes the Purchase Price to be a negative number, the Seller Account Owner agrees that, not later than 1:00 P.M. New York City time on such Distribution Date, the Seller Account Owner shall pay to [ ], the Corporation an amount equal to the amount by which the Purchase Price minus the Credit Adjustment would be reduced below zero.

Adjustments to Purchase Price. The Purchase Price shall be adjusted on each Distribution Date (a "Credit Adjustment") with respect to any Receivable previously conveyed to [ ] the Purchaser by the Seller which has since been reversed by the Seller or the Servicer because of a rebate, refund, unauthorized charge or billing error to a cardholder because such Receivable was created in respect of merchandise which was refused or returned by a cardholder or due to the occurrence of any other event referred to in Section 3.09 3.9 of the Pooling and Servicing Agreement. The amount of such adjustment shall equal [(x) the reduction in the principal balance of such Receivable resulting from the occurrence of such event multiplied by (y) the quotient (expressed as a percentage) of (i) the purchase Purchase Price for Principal Receivables payable on such Distribution Date computed in accordance with Section 3.01 hereof 3.1 divided by (ii) the Principal Receivables paid for on such date pursuant to such Section]. In the event that an adjustment pursuant to this Section 3.02 3.2 causes the Purchase Price to be a negative number, the Seller agrees that, not later than 1:00 P.M. New York City time on such Distribution Date, the Seller shall pay to [ ], the Purchaser an amount equal to the amount by which the Purchase Price minus the Credit Adjustment would be reduced below zeroa negative number. Section 3.3.

Adjustments to Purchase Price. The Purchase Price shall be adjusted on each Distribution Purchase Price Payment Date (a "“Credit Adjustment"”) with respect to any Receivable previously conveyed to [ ] MRI by the Seller HRAC II which has since been reversed by the Seller HRAC II or the Servicer because of a rebate, refund, unauthorized charge or billing error to a cardholder an Obligor or because such Receivable was created in respect of merchandise which was refused or returned by a cardholder or due to the occurrence an Obligor, but in each case other than by reason of any other event referred to in Section 3.09 of the Pooling and Servicing AgreementServicer error. The amount of such adjustment shall equal [(x) the reduction in the principal balance of such Receivable resulting from the occurrence of such event multiplied by (y) the quotient (expressed as a percentage) of (i) the purchase Purchase Price payable on such Distribution Purchase Price Payment Date computed in accordance with Section 3.01 hereof 3.01(a) divided by (ii) the amount of Principal Receivables, and such of the Finance Charge and Administrative Receivables as constitute fees and charges relating to debt cancellation, debt waiver and other insurance and enhancement programs administered by the Credit Card Originator, paid for on such date pursuant to such Section]. In the event that an adjustment pursuant to this Section 3.02 causes the Purchase Price to be a negative number, the Seller HRAC II agrees that, not later than 1:00 P.M. p.m. New York City time on such Distribution Purchase Price Payment Date, the Seller HRAC II shall pay or cause to [ ], be paid to MRI an amount equal to the amount by which the Purchase Price minus the Credit Adjustment would be reduced below zero.exceeds the unadjusted Purchase Price. [END OF ARTICLE III]

Adjustments to Purchase Price. The Purchase Price shall be adjusted reduced on each Distribution Purchase Price Payment Date (a "Credit AdjustmentPURCHASE PRICE ADJUSTMENT") with respect to any Receivable previously conveyed to [ ] FCCF by the Seller Fleet (RI) which has since been reversed by the Seller Receivable Fleet (RI) or the Servicer adjusts downward because of a rebate, refund, unauthorized charge or billing error to a cardholder an account holder, or because such Receivable was created in respect of merchandise which was refused or returned by a cardholder an account holder, or due to if Fleet (RI) or the occurrence Servicer (other than by Servicer error) otherwise adjusts downward the amount of any other event referred to in Section 3.09 of Receivable without receiving Collections therefor or charging off such amount as uncollectible, or if the Pooling and Servicing AgreementReceivables are adjusted by Fleet (RI) or the Servicer because a Receivable or Receivables were discovered as having been created through a fraudulent or counterfeit charge. The amount of such adjustment reduction shall equal [(x) the reduction in the principal balance of such Receivable resulting from the occurrence of such event multiplied by (y) the quotient (expressed as a percentage) of (i) the purchase Price payable on such Distribution Date computed in accordance with Section 3.01 hereof divided by (ii) the Principal Receivables paid for on such date pursuant to such Section]event. In the event that an adjustment a reduction pursuant to this Section 3.02 causes the Purchase Price to be a negative number, the Seller Fleet (RI) agrees that, not later than 1:00 P.M. p.m., New York City time time, on such Distribution Datethe following Business Day, the Seller Fleet (RI) shall pay or cause to [ ], be paid to FCCF an amount equal to the amount by which the Purchase Price minus Adjustment exceeds the Credit Adjustment would be reduced below zero.unadjusted Purchase Price. [END OF ARTICLE III]

Adjustments to Purchase Price. The Cash Purchase Price shall be adjusted on each Distribution Date (a "Credit AdjustmentCREDIT ADJUSTMENT") with respect to any Receivable previously conveyed to [ ] ACCS by the Seller ANB which has since been reversed by the Seller ANB or the Servicer because of a rebate, refund, unauthorized charge or billing error to a cardholder an Obligor because such Receivable was created in respect of merchandise which was refused or returned by a cardholder an Obligor or due to the occurrence of any other event referred to in Section 3.09 of the Pooling Transfer and Servicing Agreement. The amount of such adjustment shall equal [(x) the product of (i) 95% and (ii) the reduction in the principal balance of such Receivable resulting from the occurrence of such event event, multiplied by (y) the quotient (expressed as a percentage) of (i) the purchase Cash Purchase Price for Principal Receivables payable on such Distribution Date computed in accordance with Section 3.01 hereof subsection 3.01(b)(1) divided by (ii) the product of (A) 95% and (B) the aggregate of the Principal Receivables paid for on such date pursuant to such Section]subsection 3.01(b). In the event that an adjustment pursuant to this Section 3.02 causes the Cash Purchase Price to be a negative number, the Seller ANB agrees that, not later than 1:00 P.M. p.m., New York City time time, on such Distribution Date, the Seller ANB shall pay or cause to [ ], be paid to ACCS an amount equal to the amount by which the Cash Purchase Price minus the Credit Adjustment would be reduced below zero.. [END OF ARTICLE III]

Adjustments to Purchase Price. The Purchase Price ----------------------------- shall be adjusted on each Distribution Date (a "Credit Adjustment") with respect ----------------- to any Receivable previously conveyed to [ ] HRF by the Seller Bank which has since been reversed by the Seller Bank or the Servicer because of a rebate, refund, unauthorized charge or billing error to a cardholder because such Receivable was created in respect of merchandise which was refused or returned by a cardholder or due to the occurrence of any other event referred to in Section 3.09 of the Pooling Transfer and Servicing Agreement. The amount of such adjustment shall equal [(x) the reduction in the principal balance of such Receivable resulting from the occurrence of such event multiplied by (y) the quotient (expressed as a percentage) of (i) the purchase Purchase Price for Principal Receivables payable on such Distribution Date computed in accordance with Section 3.01 hereof (a) divided by (ii) the Principal Receivables paid for on such date pursuant to such Section]. In the event that an adjustment pursuant to this Section 3.02 causes the Purchase Price to be a negative number, the Seller Bank agrees that, not later than 1:00 P.M. New York City time on such Distribution Date, the Seller Bank shall pay to [ ], HRF an amount equal to the amount by which the Purchase Price minus the Credit Adjustment would be reduced below zero.. [END OF ARTICLE III]

Adjustments to Purchase Price. The Purchase Price shall be adjusted on the second Business Day of each Distribution Date calendar month (a "Credit Adjustment") with respect to any Receivable previously conveyed to [ ] CFC by the Seller Finance Corp. which has since been reversed by the Seller Finance Corp. or the Servicer because of a rebate, refund, unauthorized charge or billing error to a cardholder because such Receivable was created in respect of merchandise which was refused or returned by a cardholder or due to the occurrence of any other event referred to in Section 3.09 of the Pooling Transfer and Servicing Agreement. The amount of such adjustment shall equal [(x) the reduction in the principal balance of such Receivable resulting from the occurrence of such event multiplied by (y) the quotient (expressed as a percentage) of (i) the purchase Purchase Price for Principal Receivables payable on such Distribution Date date computed in accordance with Section 3.01 hereof subsection 3.01(a) divided by (ii) the Principal Receivables paid for on such date pursuant to such Section]subsection. In the event that an adjustment pursuant to this Section 3.02 causes the Purchase Price to be a negative number, the Seller Finance Corp. agrees that, not later than 1:00 P.M. 11:00 a.m., New York City time time, on such Distribution Datedate, the Seller Finance Corp. shall pay to [ ], CFC an amount equal to the amount by which the Purchase Price minus the Credit Adjustment would be reduced below zero.

Adjustments to Purchase Price. The Purchase Price shall be adjusted on each Distribution Purchase Price Payment Date (a "“Credit Adjustment"”) with respect to any Receivable previously conveyed to [ ] HRAC I by the Seller Bank which has since been reversed by the Seller Bank or the Servicer because of a rebate, refund, unauthorized charge or billing error to a cardholder an Obligor or because such Receivable was created in respect of merchandise which was refused or returned by a cardholder or due to the occurrence an Obligor, but in each case other than by reason of any other event referred to in Section 3.09 of the Pooling and Servicing AgreementServicer error. The amount of such adjustment shall equal [(x) the reduction in the principal balance of such Receivable resulting from the occurrence of such event multiplied by (y) the quotient (expressed as a percentage) of (i) the purchase Purchase Price payable on such Distribution Purchase Price Payment Date computed in accordance with Section 3.01 hereof subsection 3.1(a) divided by (ii) the amount of Principal Receivables, and such of the Finance Charge and Administrative Receivables as constitute fees and charges relating to debt cancellation, debt waiver and other insurance and enhancement programs administered by the Bank, paid for on such date pursuant to such Section]subsection. In the event that an adjustment pursuant to this Section 3.02 3.2 causes the Purchase Price to be a negative number, the Seller Bank agrees that, not later than 1:00 P.M. p.m. New York City time on such Distribution Purchase Price Payment Date, the Seller Bank shall pay or cause to [ ], be paid to HRAC I an amount equal to the amount by which the Purchase Price minus the Credit Adjustment would be reduced below zeroexceeds the unadjusted Purchase Price.

Adjustments to Purchase Price. The Purchase Price shall be adjusted on each Distribution Date (a "Credit Adjustment") with respect to any Receivable previously conveyed to [ ] Funding by the Seller Bank which has since been reversed by the Seller Bank or the Servicer because of a rebate, refund, unauthorized charge or billing error to a cardholder cardholder, because such Receivable was created in respect of merchandise which was refused or returned by a cardholder cardholder, or due to the occurrence of any other event referred to in Section 3.09 of the Pooling and Servicing Agreement. The amount of such adjustment shall equal [equals (x) the reduction in the principal balance of such Receivable resulting from the occurrence of such event multiplied by (y) the quotient (expressed as a percentage) of (i) the purchase Purchase Price payable on such Distribution Payment Date computed in accordance with Section 3.01 hereof 3.1 divided by (ii) the Principal Receivables paid for on such date pursuant to such Section]. In the event that an adjustment pursuant to this Section 3.02 3.2 causes the Purchase Price to be a negative number, the Seller Bank agrees that, not later than 1:00 P.M. p.m. New York City time on such Distribution Date, the Seller Bank shall pay to [ ]Funding, by making a deposit into the Collection Account in same- day funds, an amount equal to the amount by which the Purchase Price minus the Credit Adjustment would be reduced below zero.

Adjustments to Purchase Price. The Purchase Price shall be adjusted on each Distribution Date (a "Credit Adjustment") with respect to any Receivable previously conveyed to [ ] the Purchaser by the Seller which has since been reversed by the Seller or the Servicer because of a rebate, refund, unauthorized charge or billing error to a cardholder because such Receivable was created in respect of merchandise which was refused or returned by a cardholder or due to the occurrence of any other event referred to in Section 3.09 3.9 of the Pooling and Servicing Agreement. The amount of such adjustment shall equal [(x) the reduction in the principal balance of such Receivable resulting from the occurrence of such event multiplied by (y) the quotient (expressed as a percentage) of (i) the purchase Purchase Price for Principal Receivables payable on such Distribution Date computed in accordance with Section 3.01 hereof 3.1 divided by (ii) the Principal Receivables paid for on such date pursuant to such Section]. In the event that an adjustment pursuant to this Section 3.02 3.2 causes the Purchase Price to be a negative number, the Seller agrees that, not later than 1:00 P.M. New York City time on such Distribution Date, the Seller shall pay to [ ], the Purchaser an amount equal to the amount by which the Purchase Price minus the Credit Adjustment would be reduced below zeroa negative number.

Adjustments to Purchase Price. The Purchase Price shall be adjusted on each Distribution Date (a "Credit Adjustment") with respect to any Receivable previously conveyed to [ ] ACE by the Seller which has since been reversed by the Seller or the Servicer because of a rebate, refund, unauthorized charge or billing error to a cardholder because such Receivable was created in respect of merchandise which with was refused or returned by a cardholder or due to the occurrence of any other event referred to in Section 3.09 of the Pooling and Servicing Agreement. The amount of such adjustment shall equal [(x) the reduction in the principal balance of such Receivable resulting from the occurrence of such event multiplied by (y) the quotient (expressed as a percentage) of (i) the purchase Price payable on such Distribution Date computed in accordance with Section 3.01 hereof divided by (ii) the Principal Receivables paid for on such date pursuant to such Section]. In the event that an adjustment pursuant to this Section 3.02 causes the Purchase Price to be a negative number, the Seller agrees that, not later than 1:00 P.M. New York City time on such Distribution Date, the Seller shall pay to [ ]ACE, an amount equal to the amount by which the Purchase Price minus the Credit Adjustment would be reduced below zero.

Adjustments to Purchase Price. The Purchase Price ----------------------------- shall be adjusted on each Distribution Date (a "Credit Adjustment") with respect ----------------- to any Receivable previously conveyed to [ ] HRF by the Seller Bank which has since been reversed by the Seller Bank or the Servicer because of a rebate, refund, unauthorized charge or billing error to a cardholder because such Receivable was created in respect of merchandise which was refused or returned by a cardholder or due to the occurrence of any other event referred to in Section 3.09 of the Pooling and Servicing Agreementcardholder. The amount of such adjustment shall equal [(x) the reduction in the principal balance of such Receivable resulting from the occurrence of such event multiplied by (y) the quotient (expressed as a percentage) of (i) the purchase Purchase Price for Principal Receivables payable on such Distribution Date computed in accordance with Section 3.01 hereof 3.01(a) divided by (ii) the Principal Receivables paid for on such date pursuant to such Section]. In the event that an adjustment pursuant to this Section 3.02 causes the Purchase Price to be a negative number, the Seller Bank agrees that, not later than 1:00 P.M. New York City time on such Distribution Date, the Seller Bank shall pay to [ ], HRF an amount equal to the amount by which the Purchase Price minus the Credit Adjustment would be reduced below zero.. [END OF ARTICLE III]

Adjustments to Purchase Price. The Purchase Price shall be adjusted on each Distribution Date (a "Credit Adjustment") with respect to any Receivable previously conveyed to [ ] the Corporation by the Seller Account Owner which has since been reversed by the Seller Account Owner or the Servicer because of a rebate, refund, unauthorized charge or billing error to a cardholder an Obligor because such Receivable was created in respect of merchandise which was refused or returned by a cardholder or due to the occurrence of any other event referred to in Section 3.09 of the Pooling and Servicing Agreement. The amount of such adjustment shall equal [(x) the reduction in the principal balance of such Receivable Principal Receivables resulting from the occurrence of such event multiplied by (y) the quotient (expressed as a percentage) of (i) the purchase Purchase Price for Principal Receivables payable on such Distribution Date computed in accordance with Section 3.01 hereof divided by (ii) the Principal Receivables paid for on such date pursuant to such Section]. In the event that an adjustment pursuant to this Section 3.02 causes the Purchase Price to be a negative number, the Seller Account Owner agrees that, not later than 1:00 P.M. New York City time on such Distribution Date, the Seller Account Owner shall pay to [ ], the Corporation an amount equal to the amount by which the Purchase Price minus the Credit Adjustment would be reduced below zero.

Adjustments to Purchase Price. The Purchase Price ----------------------------- shall be adjusted on each Distribution Date (a "Credit Adjustment") with respect to any Receivable previously conveyed to [ ] ABSC by the Seller which has since been reversed by the Seller or the Servicer because of a rebate, refund, unauthorized charge or billing error to a cardholder because such Receivable was created in respect of merchandise which with was refused or returned by a cardholder or due to the occurrence of any other event referred to in Section 3.09 of the Pooling and Servicing Agreement. The amount of such adjustment shall equal [(x) the reduction in the principal balance of such Receivable resulting from the occurrence of such event multiplied by (y) the quotient (expressed as a percentage) of (i) the purchase Price payable on such Distribution Date computed in accordance with Section 3.01 hereof divided by (ii) the Principal Receivables paid for on such date pursuant to such Section]. In the event that an adjustment pursuant to this Section 3.02 causes the Purchase Price to be a negative number, the Seller agrees that, not later than 1:00 P.M. New York City time on such Distribution Date, the Seller shall pay to [ ]ABSC, an amount equal to the amount by which the Purchase Price minus the Credit Adjustment would be reduced below zero.

Adjustments to Purchase Price. The Purchase Price shall be adjusted on each Distribution Date (a "Credit Adjustment") with respect to any Receivable previously conveyed to [ ] Funding by the Seller NMG which has since been reversed reduced by the Seller NMG or the Servicer because of a rebate, refund, unauthorized charge or billing error to a cardholder because such Receivable was created in respect of merchandise which that was refused or returned by a cardholder or due to the occurrence of any other event referred to in Section 3.09 of the Pooling and Servicing Agreementcardholder. The amount of such adjustment shall equal [(x) the reduction in the principal balance of such Receivable resulting from the occurrence of such event multiplied by (y) a fraction, the quotient (expressed as a percentage) numerator of (i) which is the purchase Purchase Price payable paid with respect to all Receivables on the Payment Date on which such Distribution Date Receivables were purchased computed in accordance with Section 3.01 hereof divided by (ii) 3.1 and the denominator of which is the aggregate face amount of the Principal Receivables paid for on such date pursuant to such Section]. In the event that an adjustment pursuant to this Section 3.02 3.2 causes the Purchase Price to be a negative number, the Seller NMG agrees that, not later than 1:00 P.M. 11:00 A.M. New York City time on such Distribution Date, the Seller NMG shall pay to [ ]Funding, by making a deposit into the Collection Account in same-day funds, an amount equal to the amount by which the Purchase Price minus the Credit Adjustment would be reduced below zero.