Consumer Charges definition
Examples of Consumer Charges in a sentence
Pursuant to Section 2.3, the parties agree to add to the Consumer Charges applicable to Accounts any Pay by Phone fees imposed by Bank upon Cardholders after review and approval of such fee by Retailer.
Bank is the owner and creditor in respect of Accounts and Receivables and will export Consumer Charges in accordance with all applicable Laws, including all applicable banking and consumer credit laws and regulations.
Bank shall, following consultation with Retailer, provide Retailer or Cardholders, as applicable, with Credit Cards, credit card mailers and such other documents as are necessary for the operation of the Program, as well as forms of Credit Card Applications and Credit Card Agreements, all of which documents shall contain the Consumer Charges and Other Credit Terms and Criteria established pursuant to Section 2.3 (Consumer Terms and Policies).
Bank shall, following consultation with Retailer, provide Retailer with Credit Cards, credit card mailers and such other documents as are necessary for the operation of the Program, as well as forms of Credit Card Applications and Credit Card Agreements, all of which documents shall contain the Consumer Charges and Other Credit Terms and Criteria established pursuant to Section 2.3 (Consumer Terms and Policies).
Except as provided in subsection (c) below, Bank shall consult with Retailer concerning any future changes to any Consumer Charges (including Consumer Charges specified on Exhibit 2.3 hereto), which changes must be mutually agreed upon by the parties, provided, however, that Bank in its reasonable discretion on an individual Cardholder basis, may reduce and/or waive any such Consumer Charges in the ordinary course of providing customer service in respect of, and collecting, Accounts.
For purposes hereof, Monthly Program Costs are defined as: (A) the Cost of Funds with respect to the calendar month at issue, plus (B) the Write-Off Amount for the calendar month at issue, plus (C) all Consumer Charges written off by Bank in accordance with the Write-Off Policy with respect to the calendar month at issue.