Common use of Re-design Clause in Contracts

Re-design. University shall bear all costs and expenses related to any re-design of Program cards requested by it, unless both Bank and University agree in writing that a re-design is necessary. If any Program card re-design contemplated herein involves the addition of Bank marks or trademarks of any of the National Associations, Bank shall bear the expense of any additional manufacturing or printing costs. Bank will issue re-designed Program cards to new cardholders and to existing cardholders upon any Program card reissuance or replacement occurring in the ordinary course; provided, that, Bank may exhaust its existing stock of plastic unless University pays for new plastic prior thereto.