Sale or Transfer of Accounts. Except as provided in Sections 13.2 and 18.3, the Bank shall not sell or transfer in whole or in part the Accounts.
Sale or Transfer of Accounts. Except as pursuant to Section 17.2 to the Company or its designee, or solely with respect to Cardholder Indebtedness Section 19.2, the Bank shall not sell or transfer in whole or in part any Accounts other than in the ordinary course for written-off Accounts that have been written-off by the Bank in accordance with the then-current Risk Management Policies to purchasers who agree to abide by Bank’s standard policies for debt purchasers generally.
Sale or Transfer of Accounts. Except as provided in Section 12.2, Section 17.2 and Section 17.3, Bank shall not sell or transfer the Accounts in whole or in part; provided, however, that Bank may sell or transfer written off Accounts and/or written off Cardholder Indebtedness. Bank will not transfer the Accounts or the Cardholder Indebtedness to an entity (i) that is treated as a variable interest entity within the meaning of ASC 860 (“VIE”) that has no silos within the meaning of ASC 860 (“Silos”) unless the fair value of Cardholder Indebtedness in the VIE is not, and is not expected to be, equal to or greater than fifty percent (50%) of the fair value of all of the VIE’s assets; (ii) that is treated as a VIE that has Silos unless the fair value of the Cardholder Indebtedness in the Silo is not, and is not expected to be, equal to or greater than fifty percent (50%) of the fair value of all of the VIE Silo’s assets; or (iii) that would be required to be consolidated with Company under GAAP.
Sale or Transfer of Accounts. Bank shall not sell or transfer in whole or in part any Accounts; provided, however, that this Section 18.4 shall not restrict the ability of Bank to securitize, participate or pledge the Cardholder Indebtedness pursuant to Section 18.2. Bank may from time to time propose to Pier 1 the terms under which it desires to sell any Pier 1 Accounts that have been written-off in accordance with the Risk Management Policies, including the payments proposed to be made to Pier 1 and Bank in connection with any such sale. Pier 1 shall consider any such proposal in good faith but shall be entitled to accept or reject any such proposal in its sole discretion.
Sale or Transfer of Accounts. Bank shall not sell or transfer in whole or in part any Accounts; provided, however, that this Section 19.4 shall not restrict the ability of Bank to securitize, participate or pledge the Cardholder Indebtedness pursuant to Section 19.2. Bank may from time to time propose to NMG the terms under which it desires to sell any NMG Accounts that have been written-off in accordance with the Risk Management Policies, including the payments proposed to be made to NMG and Bank in connection with any such sale. NMG shall consider any such proposal in good faith but shall be entitled to accept or reject any such proposal in its sole discretion.
Sale or Transfer of Accounts. Subject to Section 19.2, the Bank shall not sell or transfer in whole or in part any Accounts; provided, however the Bank may sell written-off Accounts in the ordinary course of business (it being understood and agreed that the Bank shall not change its normal practices with respect to such sales following the delivery by either party of a notice of nonrenewal or notice of termination).
Sale or Transfer of Accounts. Except as otherwise provided herein, the Bank shall not sell or transfer in whole or in part any Accounts other than Accounts and/or Cardholder Indebtedness that have been written off by Bank in accordance with its write-off policies. Proceeds of any such sale or transfer shall be treated as a recovery on Cardholder Indebtedness.
Sale or Transfer of Accounts. Bank shall not sell or transfer in whole or in part any Accounts or the Cardholder Indebtedness; provided, however, that this Section 19.4 shall not restrict the ability of Bank to securitize, participate or pledge the Cardholder Indebtedness pursuant to Section 19.2; provided, further, that Bank may from time to time sell any Accounts or the Cardholder Indebtedness that have been written-off in accordance with the Risk Management Policies. Notwithstanding the foregoing, if Parent and/or its Affiliates dispose of any stores to third party purchasers, Bank shall have the right to sell the Accounts and related Cardholder Indebtedness associated with such disposed stores to such third party purchasers. For these purposes, Accounts will be deemed to be "associated" with the store in which the Cardholder used such card most frequently during the previous twelve (12) month period, or if such card was not used at a store during such period, the Account will be deemed to be "associated" with the store that is located closest to the billing address for such Account.
Sale or Transfer of Accounts. Except as provided in Sections 4.6(g), Error! Reference source not found., 16.2 and 18.3, Bank shall not sell or transfer in whole or in part the Accounts.
Sale or Transfer of Accounts. Except as provided in Schedule 12.3 and ARTICLE 17, Bank shall not sell or transfer the Accounts in whole or in part. Bank will not transfer the Accounts or the Cardholder Indebtedness to an entity that is treated as a “variable interest entity” within the meaning of FASB Codification ASC 810 – Consolidation.
