Common use of Program Adjustments Clause in Contracts

Program Adjustments. A summary of the current features of the Program is set forth in Schedule A. MBNA reserves the right to make periodic adjustments to the Program and its terms and features and shall give PeoplePC reasonable notice of any such material adjustments. Delaware and applicable federal law currently require each open-end credit account Customer be given the opportunity to reject a proposed change and pay the existing balance under the prior terms if the proposed adjustment increases the annual percentage rate on such account.