Common use of Due Period Clause in Contracts

Due Period. The definition of "Due Period" is amended and restated in its entirety to read as follows: "Due Period" shall mean the monthly period beginning on the first day of any calendar month and ending on the last day of such calendar month. When used with respect to any Distribution Date occurring on and after February 15, 2001, the Due Period shall be the calendar month preceding the calendar month in which such Distribution Date occurs and shall be referred to herein as a "related Due Period." E. "Finance Charge Receivables." The definition of "Finance Charge Receivables" is amended and restated in its entirety to read as follows: "Finance Charge Receivables" with respect to any Account for any Due Period will mean the amount recorded with respect to the Account as finance charges and, if applicable, fees and other amounts treated as finance charges on such Account for such Due Period. F. "Insurance Proceeds." The definition of "Insurance Proceeds" is hereby redefined as "Coverage Proceeds", and the term "Coverage Proceeds" shall be substituted for each and every occurrence of the term "Insurance Proceeds" in the Agreement; further, the definition of "Coverage Proceeds" shall be restated in its entirety to read as follows: "Coverage Proceeds" shall mean (a) any amounts recovered pursuant to any credit life insurance policies covering any Obligor with respect to Receivables under such Obligor's Account, and (b) any amounts received pursuant to any debt cancellation agreement covering any Obligor with respect to Receivables under such Obligor's Account. G. "Interchange." The definition of "Interchange" is hereby inserted in its appropriate alphabetical position: "Interchange" shall mean interchange fees or interchange reimbursement fees, paid or payable to Sears National Bank with respect to the Accounts, in its capacity as credit card issuer, in connection with cardholder purchases of merchandise and services and cardholder cash advances. H. The definition of "Receivable" is amended and restated in its entirety to read as follows: "Receivable" shall mean any amount owing by any Obligor under an Account from time to time, including, without limitation, amounts owing for the payment of goods and services (including, without limitation, if applicable, cash advances, balance transfers or amounts owing under convenience checks), finance charges, and other charges, if any. A Receivable shall be deemed to have been created at the end of the day on the Date of Processing of such Receivable. A Receivable shall not include any amount owing under a Charged-Off Account or an Account in which the Receivables have been repurchased pursuant to the Pooling and Servicing Agreement. III.