Effects of Termination; Purchase of Accounts and Termination Date Sample Clauses

Effects of Termination; Purchase of Accounts and Termination Date. (a) If the Operation Period is terminated by notice of either party for any reason, Retailers, acting collectively, shall have the option, exercisable as provided in this Section 11.03, to purchase or to arrange for the purchase of all Accounts and the aggregate Indebtedness of all Active Accounts (including the related bank identification numbers (BINS) included on Co-branded Credit Cards, subject to any applicable consents required from the Network), subject to customary exclusions, including without limitation bankruptcy, deceased, fraud, lost/stolen, charged-off and litigation. The purchase price shall be payable by wire transfer and shall be an amount equal to [***].
AutoNDA by SimpleDocs

Related to Effects of Termination; Purchase of Accounts and Termination Date

Time is Money Join Law Insider Premium to draft better contracts faster.