Pathward definition

Pathward means Pathward, N.A., a national bank.

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Pathward means Pathward, National Association, its successors, affiliates, parents, holding companies, or assignees.

Pathward has the meaning set forth in Section 7.8. “Pathward Agreement” has the meaning set forth in Section 7.8. “PEO” has the meaning set forth in Section 5.7. “PEO Agreements” has the meaning set forth in Section 5.7. “PEO Notices” has the meaning set forth in Section 5.7. “Permits” means, with respect to any Person, any license, franchise, permit, consent, approval, right, privilege, certificate, accreditation, registration, authorization, qualification provider number, supplier number or other similar authorization issued by, or otherwise granted by, any Governmental Authority or any other Person to which or by which such Person is subject or bound or to which or by which any property, business, operation or right of such Person is subject or bound, including any of the foregoing pursuant to any Environmental Law. “Permitted Lien” means: (a) any Lien for Taxes not yet due or payable or being contested in good faith by appropriate proceedings, in each case, for which adequate reserves have been established in accordance with GAAP consistently applied in accordance with the Company’s past practices as set forth on Exhibit B in the Financials; (b) any statutory Lien arising in the Ordinary Course of Business by operation of Legal Requirement with respect to a Liability that is not yet due or delinquent, other than any Liens for Taxes; (c) easements, covenants, conditions, restrictions or any minor imperfection of title or similar Lien that individually or in the aggregate with other such Liens does not materially impair the value or use of the property subject to such Lien; (d) statutory landlord Liens and other Liens of lessors under any leases, other than any Liens for Taxes; and (e) Liens that will be released at or prior to the Closing.

Examples of Pathward in a sentence

• A Cash App Custodial Account, [***], has been established with Pathward in the name of Client, as custodian for the benefit of beneficiaries that are Cash App Program consumer wallet holders who have requested and been issued a Cardholder Account and Card by Pathward in connection with the Cash App Program.

• As compensation for Pathward’s commitment to respond to all Cash App Program collateral review requests [***], Marqeta will pass through to Client, and Client will pay to Marqeta a fee of [***] for each month of the Term (“Cash App Program Collateral Review Support Fee”); provided, however, the Cash App Program Collateral Review Support Fee shall not be applicable (i.e., due and payable) until receipt of the Engagement Notice by Pathward.

• In furtherance of the foregoing, Client agrees that ▇▇▇▇▇▇▇ may share mutually agreed upon Client information, including Client Confidential Information, with Pathward for the sole purpose of onboarding Pathward as a backup Issuing Bank and Issuing Bank (as applicable) pursuant to the terms of this Agreement.

• Upon a determination by Client and Marqeta to transition Pathward from a backup Issuing Bank to an Issuing Bank for the Cash App Program, Marqeta, with input from Client, shall provide written notice (the “Engagement Notice”) of the Parties’ intent to Pathward, which will also specify the Parties’ intended live launch date (the “Pathward Cash App Program Launch Date”) for Pathward’s transition to Issuing Bank for the Cash App Program (the actual launch date, “Live Launch Date”).

• For the avoidance of doubt, Client’s obligation to pay the Backup Issuing Fee in accordance with this section will only apply so long as Marqeta’s agreement with Pathward remains in effect for the duration of this Agreement.

• Client and ▇▇▇▇▇▇▇ may mutually agree to transition Pathward from its role as a backup Issuing Bank to an Issuing Bank for the Cash App Program.

• Once the Live Launch Date occurs, Client agrees to participate in annual reviews with Pathward and ▇▇▇▇▇▇▇ to review Pathward’s requirements with respect to the Cash App Program.

• Provide all reasonably necessary assistance to Marqeta to ensure that all marketing and promotional materials for the Cash App Program are accurate with respect to Pathward as Issuing Bank and have been revised to reflect any differences between the Cash App Program with the previous or existing Issuing Bank and the Cash App Program with Pathward as Issuing Bank.

• In the event that the Cash App Program is transitioned from Client’s current Issuing Bank to Pathward, Marqeta will provide commercially reasonable support and cooperate in good faith to support the facilitation of such transition, including, but not limited to, the transfer and receipt of all data, documentation, and account functionality necessary to ensure a smooth transition from Client’s current Issuing Bank to Pathward and continuity of the Cash App Program.

• Client and ▇▇▇▇▇▇▇ mutually agree to initially onboard and utilize Pathward, National Association fka MetaBank, National Association (“Pathward”) as a backup Issuing Bank for Client’s Cash App Program.

More Definitions of Pathward

Pathward means Pathward, N.A. (formerly known as MetaBank, N.A.).

Pathward means Pathward, N.A. (f/k/a MetaBank, National Association), a federally registered financial institution, and its permitted successors and assigns.