Eligible Payment Rewards Pool definition
Eligible Payment Rewards Pool means an Eligible Asset Pool where the applicable Account Debtors are (a) individuals, (b) residents of the United States or United States territories, (c) have elected to participate in the Borrower’s “Payment Rewards” program to obtain a new credit card in exchange for paying all or a portion of the Receivables in the Asset Pool provided, however, in no event shall the balances of the new credit granted to consumers under the program be included in such Eligible Asset Pool and (d) not bankrupt at the time of the Borrower’s acquisition of such Asset Pool.