High Collar definition

High Collar has the meaning set forth on Schedule 1.1(f) hereto.

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High Collar means (i) with respect to the Finance Charge Reversal Percentage applicable to the Private Label Accounts, [Redacted].

High Collar. (i) With respect to the Finance Charge Reversal Percentage, 1.31%, (ii) with respect to the Late Fee Reversal Percentage, 10.10%, (iii) with respect to the Returned Check Fee Reversal Percentage, 6.70%; or, in each case, such other level as may from time to time be set by the Operating Committee.

Examples of High Collar in a sentence

If the Late Fee Reversal Percentage with respect to the Private Label Accounts reflected in the Year-End Settlement Sheet with respect to the preceding Fiscal Year is greater than the applicable High Collar, the NMG Companies shall pay Bank an amount equal to (A) the Late Fee Reversal Percentage with respect to the Private Label Accounts minus the applicable High Collar, multiplied by (B) the aggregate amount of all late fees assessed on the Private Label Accounts during such preceding Fiscal Year.
If the Parties are unable to reach a mutual agreement at the expiration of the High/Low Collar Review Period, the existing High Collar and Low Collar meanings set forth in Schedule 1.1 (f) of the Program Agreement, as amended via the Sixth Amendment to the Program Agreement, dated as of July 17, 2007 (“Sixth Amendment”), shall continue to apply.
Each person/firm will be responsible for all costs incurred in preparing a response to this RFP.
For the avoidance of doubt, the High Collar and Low Collar meanings from the Sixth Amendment shall apply during the High/Low Collar Review Period.
If, with respect to any anniversary of the Closing Date, the Finance Charge Reversal Percentage is greater than the applicable High Collar, the Company shall pay Household Bank an amount equal to (i) the Finance Charge Reversal Percentage minus the applicable High Collar, multiplied by (ii) the aggregate amount of all finance charges assessed on the Accounts during the twelve month period ending with the month containing such anniversary of the Closing Date.

More Definitions of High Collar

High Collar means (i) with respect to the [redacted] applicable to the Private Label Accounts, [redacted], (ii) with respect to the [redacted] applicable to the General Purpose Accounts, [redacted], (iii) with respect to the [redacted] applicable to the Private Label Accounts, [redacted] and (iv) with respect to the [redacted] applicable to the General Purpose Accounts, [redacted], or, in each case, such other level as may from time to time be set by the Operating Committee.

High Collar. (i) With respect to the Finance Charge Reversal Percentage, 2.0%, (ii) With respect to the Late Fee Reversal Percentage, 15.0%, (iii) With respect to the Returned Check Fee Reversal Percentage, 6.70%; or, in each case, such other level as may from time to time be set by the Operating Committee. In the event that HSBC implements a change in terms or other systemic changes that affect customer economics, the remainder of the month within which that change takes place, plus the next three months, shall not be taken into account when calculating reversal percentages for the purposes of determining a collar. For example, if HSBC implements a change in terms in January, the remainder of January plus February, March, and April will be excluded from the measurement period for calculating reversal percentages. The measurement period for that calendar year would commence in May.

High Collar means (i) with respect to the Finance Charge Reversal Percentage applicable to the Private Label Accounts, [redacted]. From the CM Closing Date until the May Transition Period End Date, the High Collar with respect to the Accounts associated with May Department Stores shall be (i) with respect to the Finance Charge Reversal Percentage applicable to the Private Label Accounts, [redacted]. Following the last day of the 2006 Fiscal Year of FDS (the “May Transition Period End Date”), the transitional collars set forth above shall no longer be applicable and the High Collar percentages set forth before the proviso in the first sentence of this definition shall apply to all Accounts; provided, however, [redacted].

High Collar means, with respect to the dollar amount of the Average Promotional Credit Plan Receivables as a percentage of the Average Private Label Receivables, 8%.