Second-Look Credit Card Program definition
Examples of Second-Look Credit Card Program in a sentence
If NMG elects to establish a Second-Look Credit Card Program pursuant to clause (B) or (C) above, upon the request of any NMG Company, Bank shall forward to the NMG Companies or a provider of secondary financing the Applications received by Bank with respect to such customers and shall cooperate in good faith with the NMG Companies in order to facilitate the issuance of Credit Cards or Non-Card Payment Plans, as applicable, to such customers pursuant to such program.
Not later than the 20th day following receipt of the notice by Bank, Bank may make an offer to NMG with respect to the establishment of the Second-Look Credit Card Program, which offer shall remain open for a period of not less than forty-five (45) days.
NMG shall provide notice to Bank indicating the intention of NMG or its applicable Affiliate(s) to establish the Second-Look Credit Card Program.
Notwithstanding Section 2.2(a), Belk and its Affiliates shall have the right at any time during the Term to establish a program (a "Second-Look Credit Card Program") for issuing Belk Credit Cards, using the Belk Licensed Marks, to customers whose Applications have been declined by Bank; provided, however, that Bank shall have a right of first offer to develop the Second-Look Credit Card Program in accordance with this Section 2.2(b).
If Belk elects to establish a Second-Look Credit Card Program pursuant to clause (ii) or (iii) above, upon the request of Belk, Bank shall, subject to Applicable Law, forward to Belk or a provider of secondary financing the Applications received by Bank with respect to such customers and shall cooperate in good faith with Belk in order to facilitate the issuance of Credit Cards, to such customers pursuant to such program.
Belk shall provide notice to Bank indicating the intention of Belk or its applicable Affiliate(s) to establish the Second-Look Credit Card Program.
Not later than the 20th day following receipt of the notice by Bank, Bank may make an offer to Belk with respect to the establishment of the Second-Look Credit Card Program, which offer shall remain open for a period of not less than forty-five (45) days.
Belk may elect to (i) accept the offer made by Bank, (ii) establish the Second-Look Credit Card Program directly or through any of its Affiliates, or (iii) enter into an arrangement with any third party Credit Card issuer providing for the establishment of a Second-Look Credit Card Program to be issued by such issuer.