Common use of Inserts; Statement Messages Clause in Contracts

Inserts; Statement Messages. (a) Retailers, acting collectively, may elect to provide to Bank (at the address so stated by Bank and using Bank's insert requirements as outlined in the Operating Procedures) up to eight (8) inserts per Active Account billing statement (if such a billing statement is generated by Bank) per month. Retailers are responsible for the proper delivery, size and weight requirements of inserts and for the supply of insert stock, all as specified in the Operating Procedures. In the event the inserts cause the postage payable to exceed the postage otherwise payable by Bank, then Retailers shall reimburse Bank for such excess postage cost. Should it be necessary for Bank to change such requirements, then it shall give Retailers written notice at least ninety (90) days prior to such change. Retailers will be solely responsible for the costs of producing such inserts. The insertion service by Bank will be at no cost to Retailers (up to a maximum of eight (8) inserts, per billing statement per month) as long as all insert requirements set forth in the Operating Procedures have been met by Retailers. Notwithstanding the foregoing, any insert required by law or regulation shall take precedence over any or all inserts provided by Retailers. Bank's insertion service will not be available after the termination or expiration of the Commitment Period. (b) Subject to any statement message utilization requirements that Bank deems advisable or appropriate, during the Commitment Period Bank shall make available to Retailers, acting collectively, a space for a message to be provided by Retailers on each billing statement for an Active Account sent to a Cardholder during such month. If more than one space is available for a message on each such billing statement, then during the Commitment Period Bank agrees to grant Retailers the option of utilizing such additional space for additional messages. Any such messages shall be included at no charge to Retailers. Bank agrees to use reasonable efforts to advise Retailers if billing statement messages will not be available to Retailers during any Billing Period.