Credit Card Business. The Assuming Institution agrees to honor and perform, from and after the Bank Closing Date, all duties and obligations with respect to the Failed Bank’s credit card business (including issuer or merchant acquirer) debit card business, stored value and gift card business, and/or processing related to credit cards, if any, and assumes all extensions of credit or balances outstanding as of the Bank Closing Date with respect to these lines of business.
Credit Card Business. The Credit Card Business is operated as a part of the business of the Company and its Affiliates and under the control of the Company and its Affiliates. While Sellers rely on independent contractors to provide certain services and operations related to the Credit Card Business, all aspects of the Credit Card Business are ultimately managed solely by the Company and its Affiliates.
Credit Card Business. The Assuming Institution shall neither -------------------- acquire nor obtain an option to acquire the Failed Association's credit card business. Section 4.2(a) (iv) of the Standard Terms is hereby deleted in its entirety and reserved.
Credit Card Business. The Assuming Institution will NOT acquire or assume, from and after the Bank Closing Date, any and all duties and obligations with respect to the Failed Bank's credit card business (including issuer or merchant acquirer) debit card business, stored value and gift card business, and processing related to credit cards, if any. 4.3.
Credit Card Business. Since the Financial Information Computation Date, except for changes resulting from the Third Amendment to the Existing Merchant Services Agreement dated as of July 23, 2004 and except as modified by Seller in accordance with this Agreement, Seller has not (i) effected any material or significant change in the accounting practices, procedures or methods employed in connection with the Credit Card Business, (ii) effected any material or significant change in its business, credit or, collection policies, re-aging policies, practices or procedures relating to the Credit Card Business or (iii) entered into any transaction or made any commitment or agreement in connection with the Credit Card Business other than in the ordinary course of such business and on commercially reasonable terms. Since the Financial Information Computation Date, there has not occurred any material adverse change (financial or otherwise) in the condition of the Assets to be Sold or the Credit Card Business or Seller's operation thereof.
Credit Card Business. The Assuming Institution agrees to honor and perform, from and after the Bank Closing Date, all duties and obligations with respect to the Failed Bank’s credit card business (including issuer or merchant acquirer) debit card business, stored value and gift card business, and/or processing related to credit cards, if any, and assumes all extensions of credit or balances outstanding as of the Bank Closing Date with respect to these lines of business. Module 1 – Whole Bank w/ Optional Shared Loss Agreements 17 Summit Bank Version 3.1.1 – PURCHASE AND ASSUMPTION AGREEMENT Burlington, Washington April 27, 2011
Credit Card Business. The Assuming Institution agrees to honor and perform, from and after the Bank Closing Date, all duties and obligations with respect to the Failed Bank’s credit card business (including issuer or merchant acquirer) debit card business, stored value and gift card business, and/or processing related to credit cards, if any, and assumes all extensions of credit or balances outstanding as of the Bank Closing Date with respect to these lines of business. The obligations undertaken pursuant to this Section do not include loyalty, reward, affinity, or other similar programs related to the credit and debit card businesses. 4.3.
Credit Card Business. The Assuming Institution agrees to honor and perform, from and after the Bank Closing Date, all duties and obligations with respect to the Failed Bank’s credit card business (including issuer or merchant acquirer) debit card business, stored value and gift card business, and/or processing related to credit cards, if any, and assumes all extensions of credit or balances outstanding as of the Bank Closing Date with respect to these lines of business. The obligations undertaken pursuant to this Section do not include loyalty, reward, affinity, or other similar programs related to the credit and debit card businesses. Whole Bank w/ Optional Shared Loss Agreements 19 Heritage Bank of Florida Version 4.4 – PURCHASE AND ASSUMPTION AGREEMENT Lutz, Florida September 19, 2012
Credit Card Business. Upon the closing of the transactions contemplated by this Agreement and the Merger Agreement, Purchaser and its affiliates will acquire all of JNB's business related to the credit card services as such business exists on the closing dates of the Merger Agreement and this Agreement, respectively, except for any such business or services directly provided by Z Del or an affiliate of Z Del (other than JNB) or by ADS and except for such business or services related to JNB's credit operations as are not material in the aggregate.
Credit Card Business. Upon the closing of the transactions contemplated by this Agreement and the Receivables Purchase Agreement, Bank and its affiliates will acquire all of
