Common use of Sale or Transfer of Accounts Clause in Contracts

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 pursuant to provided in this Section 17.2 to the Company or its designee, or solely with respect to Cardholder Indebtedness Section 19.219.4, the Bank shall not sell or transfer in whole or in part any Accounts other than without the Company’s prior written consent. Notwithstanding the immediately preceding sentence, pursuant to the Bank’s collections policy related to charge-offs, which will be shared with the Company, the Bank may sell or transfer in the ordinary course for written-whole or in part 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 Bankwithout Company’s standard policies for debt purchasers generallyprior approval. Proceeds of any such sale or transfer shall be treated as a recovery on Cardholder Indebtedness.