Common use of Credit Card Agreements and Account Guidelines Clause in Contracts

Credit Card Agreements and Account Guidelines. The Seller shall --------------------------------------------- comply with and perform its obligations under the Credit Card Agreements relating to the Accounts and the Account Guidelines and all applicable rules and regulations of VISA USA, Inc. and MasterCard International Incorporated except insofar as any failure so to comply or perform would not materially and adversely affect the rights of the Trustee, on behalf of the Trust, or the Certificateholders hereunder or under the Certificates. The Seller may change the terms and provisions of the Credit Card Agreements or the Account Guidelines in any respect (including, without limitation, the reduction of the required minimum monthly payment, the calculation of the amount, or the timing, of charge offs and the Periodic Finance Charges and other fees to be assessed thereon) with respect to the Accounts only (i) if the Seller has a comparable segment of consumer revolving credit card accounts (or consumer revolving accounts), if such change is made applicable to the comparable segment of the consumer revolving credit card accounts (or consumer revolving accounts) owned and serviced by the Seller which have characteristics the same as, or substantially similar to, the Accounts which are the subject of such change or (ii) if the Seller does not own such a comparable segment of consumer revolving credit card accounts (or consumer revolving accounts), if the Seller shall not make such change with the intent to materially benefit the Seller over the Certificateholders; provided, however, that the Seller will -------- ------- not increase the timing of charge offs beyond the time which the Seller deems to be necessary to maintain its credit card business, based upon a good faith assessment of the Seller, in its sole discretion, of the nature of the competition of the credit card business (provided, further, that -------- ------- accounts purchased by the Seller from other credit card issuers, or other consumer revolving credit accounts, shall not be considered to be a comparable segment of revolving credit card accounts for the purposes of this subsection 2.5(d) until such time as any of the accounts purchased by ----------------- the Seller from such issuer or consumer revolving credit accounts, as the case may be, become Accounts pursuant to the provisions of Section 2.6), -------------- except as otherwise restricted by the terms of the Credit Card Agreements.

Credit Card Agreements and Account Guidelines. The Seller shall --------------------------------------------- comply with and perform its obligations under the Credit Card Agreements relating to the Accounts and the Account Guidelines and all applicable rules and regulations of VISA USA, Inc. and MasterCard International Incorporated except insofar as any failure so to comply or perform would not materially and adversely affect the rights of the Trustee, on behalf of the Trust, or the Certificateholders hereunder or under the Certificates. The Seller may change the terms and provisions of the Credit Card Agreements or the Account Guidelines in any respect (including, without limitation, the reduction of the required minimum monthly payment, the calculation of the amount, or the timing, of charge offs and the Periodic Finance Charges and other fees to be assessed thereon) with respect to the Accounts only (i) if the Seller has a comparable segment of consumer revolving credit card accounts (or consumer revolving accounts), if such change is made applicable to the comparable segment of the consumer revolving credit card accounts (or consumer revolving accounts) owned and serviced by the Seller which have characteristics the same as, or substantially similar to, the Accounts which are the subject of such change or (ii) if the Seller does not own such a comparable segment of consumer revolving credit card accounts (or consumer revolving accounts), if the Seller shall not make such change with the intent to materially benefit the Seller over the Certificateholders; provided, however, that the Seller will not increase -------- ------- not increase the timing of charge offs beyond the time which the Seller deems to be necessary to maintain its credit card business, based upon a good faith assessment of the Seller, in its sole discretion, of the nature of the competition of the credit card business (provided, further, that accounts -------- ------- accounts purchased by the Seller from other credit card issuers, or other consumer revolving credit accounts, shall not be considered to be a comparable segment of revolving credit card accounts for the purposes of this subsection 2.5(d) until such time as any of the accounts purchased by the ----------------- the Seller from such issuer or consumer revolving credit accounts, as the case may be, become Accounts pursuant to the provisions of Section 2.6), except -------------- except as otherwise restricted by the terms of the Credit Card Agreements.