Certain Responsibilities of Company as Servicer Clause Samples

Certain Responsibilities of Company as Servicer. (a) In addition to its other obligations set forth elsewhere in this Agreement, the parties agree that, subject to the terms and conditions of this Agreement, Company shall service the Program, and Company’s obligation to provide such servicing shall include, without limitation, the following activities, which shall be performed, in all material respects, as provided in this Agreement and in accordance with Applicable Law and Network Rules, the Risk Management Policies, Collections Policies, and Compliance Practices, and the Service Level Standards, and, to the extent not modified by the terms of this Agreement (including the Applicable Law provisions hereof), such activities shall include all servicing activities provided for the benefit of Target National Bank as of the Effective Date and shall be performed with no less care and diligence than the degree of care and diligence employed by Company and its Affiliates prior to the Effective Date: (i) process Credit Card Applications in accordance with the Risk Management Policies; (ii) provide adverse action notices with respect to declined Credit Card Applications; (iii) produce and distribute new, replacement and reissued physical Credit Cards; (iv) process and authorize Transactions; (v) prepare, process and mail Billing Statements (including any messages to be printed on Billing Statements), Inserts, the Program Privacy Notice, change in terms notices, and other communications to Cardholders; (vi) (A) process and maintain a record of opt-outs pursuant to the Program Privacy Notice, as well as Cardholder do-not-call, email unsubscribe, and similar requests, in each case to the extent required by Applicable Law and to any further extent that the parties may mutually agree; (B) make such opt-out and contact management records available to Bank; and (C) cooperate with Bank in honoring such opt-outs and contact management requests in a manner compliant with Applicable Law; (vii) process payments on Accounts and handle collection and recovery efforts with respect to Accounts, including, solely to the extent consented to by Bank, selling Accounts that have been written off, in each case in accordance with the Collections Policies and the instructions of or approvals by Bank; (viii) maintain a data processing system for processing Credit Card Applications and servicing Accounts; (ix) provide Account management services in accordance with the Risk Management Policies and Collections Policies, including identifyin...