MONOGRAM'S RESPONSIBILITIES Sample Clauses

MONOGRAM'S RESPONSIBILITIES. During the term of this Agreement, Monogram shall operate (except as may otherwise be explicitly provided herein), at its sole cost and expense, credit operations and facilities relating to the Program in a high quality, ethical manner, in such a way as not to disparage or embarrass MW or its name, and, without limiting the generality of the foregoing, with a level of service to Cardholders and MW that is not less than the level of service provided by MWCC to similarly situated persons and MW prior to the Conversion Date (it being understood that the collection of Accounts in accordance with applicable debt collections laws, the sending of adverse action letters, and the legally required or MW approved (both the substance and the language) changes of Account terms to the extent approved by MW pursuant to Section 5.2(8), do not disparage or embarrass MW or its name); PROVIDED, HOWEVER, that all of Monogram's future obligations under this SECTION 5.2 with respect to any Account shall cease on the date upon which Monogram sells all of its interest in such Account to MWCC. Monogram's responsibilities shall include, without limitation, the following, all of which shall be performed by or on behalf of Monogram at its sole cost and expense (it being understood that Monogram's future obligations under this section with respect to any Account shall cease upon Monogram's sale of all of its interest therein to MWCC: (1) In connection with its establishment and servicing of Accounts and Indebtedness other than Monogram Defaulted Indebtedness, Monogram shall: (i) in performing its duties under this Agreement which require contact with Cardholders and prospective Cardholders, make the involvement of Monogram, its Affiliates or any other Person acting on Monogram's behalf transparent to Cardholders to the extent that Monogram reasonably determines that it may properly do so, but it is understood that (x) Credit Card Agreements shall be between Monogram (or one of its Affiliates) and Cardholders and (y) Cardholders shall be informed that Monogram (or one of its Affiliates) is the party extending credit to them ("Transparent Servicing"); (ii) review all applications for credit by or on behalf of prospective Cardholders, determine the creditworthiness of prospective Cardholders and approve creditworthy applicants; (iii) establish and revise credit limits for particular Cardholders; (iv) establish Accounts and add Indebtedness meeting Monogram's standards; (v) promptly prepa...