Common use of Promotion of Program and Card Plan; Non-Competition Clause in Contracts

Promotion of Program and Card Plan; Non-Competition. Throughout the Term of this Agreement, Spiegel Group shall actively and consistently market, promote, participate in and support the Plan as set forth in this Agreement. Spiegel Group shall not accept or honor any other private label credit cards for the purchase of Goods and/or Services. Spiegel Group agrees that in consideration and as an inducement for Bank to make the Plan available to Spiegel Group as outlined in this Agreement and the Operating Procedures, from the Effective Date and for as long as this Agreement is in existence, Spiegel Group will not, without the prior written consent of Bank, contract or establish with any other credit card processor/provider or provide or process on its own behalf any "private label" or "co-brand" revolving credit or other credit card issuance or processing arrangement or programs similar in purpose to the Plan or to the services and transactions contemplated under this Agreement, except that if either party provides notice of termination pursuant to Section 9.1 of this Agreement or if Spiegel Group terminates under Section 9.3, Spiegel Group may enter into a contract with another credit card processor/provider effective on or after termination of this Agreement. Spiegel Groups' Affiliates shall not issue or establish a credit card program for financing the purchase of Goods and/or Services. Notwithstanding the foregoing, nothing contained in this Agreement will be construed to prohibit or prevent Spiegel Group from: (i) accepting any major general purpose credit card (including without limitation, American Express Card, MasterCard, Visa, or NOVUS), or any stored value card or gift card, or any form of general purpose debit card or fixed payment (installment) credit programs for Applicants declined by Bank, as a means of payment by Cardholders and Customers for purchase of Goods and Services; or (ii) entering into a contract with another credit card provider for a particular state after Bank has terminated the operation of the Plan in such state pursuant to Section 9.4; or (iii) accepting any private label credit cards issued by Xxxxx Xxxxx to a Customer prior to the Effective Date.