Common use of Credit Review Point Clause in Contracts

Credit Review Point. Bank shall provide an internal credit allocation for the Program in the amount of the Credit Review Point. Bank shall not be obligated to make any extension of credit under the Program if, after such extension, the aggregate indebtedness for all Accounts would exceed the Credit Review Point then in effect. If, at any time during the term of this Agreement, the aggregate indebtedness with respect to all Accounts equals or exceeds (**Confidential portion has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission) of the Credit Review Point then in effect (“CRP Threshold Date”), Bank will (i) promptly, and in any event within thirty (30) days, notify Retailer, (ii) review the Program and the Credit Review Point, and (iii) either increase the then existing Credit Review Point or leave such Credit Review Point at its existing level. Bank will select one of the foregoing options in clause (iii) within sixty (60) days after such CRP Threshold Date, and will give Retailer written notice of such election, including, in the case of an election to increase the Credit Review Point, the amount of such increase. If at any time Bank notifies Retailer of its election not to increase the then applicable Credit Review Point pursuant to this Section, Retailer shall have the termination rights set forth in Section 17(b)(ii). For the purposes of this Agreement, “Credit Review Point” (**Confidential portion has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission) or such other higher amount as Bank, in its discretion, may from time to time specify to Retailer in writing.

Credit Review Point. Bank shall provide an internal credit allocation for the Program in the amount of the Credit Review Point. Bank shall not be obligated to make any extension of credit under the the EX10.1 Program if, after such extension, the aggregate indebtedness for all Accounts would exceed the Credit Review Point then in effect. If, at any time during the term of this Agreement, the aggregate indebtedness with respect to all Accounts equals or exceeds (**Confidential portion has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission) XXXX of the Credit Review Point then in effect (“CRP Threshold Date”), Bank will (i) promptly, and but in any no event within later than thirty (30) daysdays after the CRP Threshold Date, notify Retailer, (ii) review the Program and the Credit Review Point, and (iii) either increase the then existing Credit Review Point to accommodate existing indebtedness with respect to Accounts and anticipated growth or leave such Credit Review Point at its existing level. Bank will select one of the foregoing options in clause (iii) within sixty (60) 90 days after such CRP Threshold Date, and will give Retailer written notice of such election, including, in the case of an election to increase the Credit Review Point, the amount of such increase. If at any time Bank notifies Retailer of its election not to increase the then applicable Credit Review Point pursuant to this Section, Retailer shall have the termination rights set forth in Section 17(b)(ii19(b)(iii). Following the Bank’s election not to increase the Credit Review Point under this section, Bank shall provide Retailer with reports at the end of each month setting forth the amount of the Aggregate Outstanding Indebtedness as of the end of such month. For the purposes of this Agreement, “Credit Review Point” (**Confidential portion has been omitted pursuant to a request for confidential treatment and has been filed separately with the Commission) or such other higher amount as Bank, in its discretion, may from time to time specify to Retailer in writing.