Common use of RETURN RESERVE Clause in Contracts

RETURN RESERVE. (a) Bank shall create, on its books, a record known as the "Return Reserve." Amounts credited to the Return Reserve shall be applied solely in accordance with the provisions of this Section 6.04. Except as set forth in Section 6.04(c) below, no interest or other earnings on amounts credited to the Return Reserve shall accrue or be paid for the benefit of Retailers.

Appears in 2 contracts

Sources: Consumer Credit Card Program Agreement (Select Comfort Corp), Consumer Credit Card Program Agreement (Select Comfort Corp)