Common use of Cardholder Agreements Clause in Contracts

Cardholder Agreements. The Accounts Receivable have been generated pursuant to the Accounts and pursuant to Cardholder Agreements which are legal, valid and binding upon Seller and, to the best of Seller's knowledge, such Cardholder Agreements are legally binding agreements, enforceable in all material respects against the Cardholders or other obligors who are a party thereto in accordance with their respective terms, except as enforcement thereof may be limited by bankruptcy, fraudulent transfer, reorganization, moratorium or similar laws of general applicability relating to or affecting creditors' rights or to general equity principles (regardless of whether such matters are considered in a proceeding in equity or at law) and the availability of equitable remedies. The Seller is in compliance with the Cardholder Agreements except where the failure to so comply would not have a material adverse effect on the Accounts Receivable.

Cardholder Agreements. The Accounts Receivable have been generated pursuant to the Accounts and pursuant to Cardholder Agreements which are legal, valid and binding upon the Seller and, to the best of Seller's knowledge, such Cardholder Agreements are legally binding agreements, enforceable in all material respects against the Cardholders or other obligors who are a party thereto in accordance with their respective terms, except as enforcement thereof may be limited by bankruptcy, fraudulent transfer, reorganization, moratorium or similar laws of general applicability relating to or affecting creditors' rights or to general equity principles (regardless of whether such matters are considered in a proceeding in equity or at law) and the availability of equitable remedies. The Seller is in compliance with the Cardholder Agreements except where the failure to so comply would not have a material adverse effect on the Accounts Receivable.

Cardholder Agreements. The Accounts Receivable Overdue Receivables have been generated pursuant to the Overdue Accounts and pursuant to Cardholder Agreements which are legal, valid and binding upon Seller and, to the best of Seller's knowledge, such Cardholder Agreements are legally binding agreements, enforceable in all material respects against the Cardholders or other obligors who are a party thereto in accordance with their respective terms, except as enforcement thereof may be limited by bankruptcy, fraudulent transfer, reorganization, moratorium or similar laws of general applicability relating to or affecting creditors' rights or to general equity principles (regardless of whether such matters are considered in a proceeding in equity or at law) and the availability of equitable remedies. The Seller is in compliance with the Cardholder Agreements except where the failure to so comply would not have a material adverse effect on the Accounts ReceivableOverdue Receivables.