Memberships in System. Bank shall retain its Membership in System in good standing and shall abide in all material respects by all the Rules and regulations applicable to Bank; provided, however, that Bank shall not be obligated to maintain such Membership. If Bank elects to terminate its membership in any System, or if a System elects to terminate Bank's Membership in spite of Bank's compliance with the applicable Rules, Bank shall give notice to Client as soon after it provides notice to or receives notice from the System according to the Rules.
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Sources: Card Sponsorship Agreement (Nbo Systems Inc), Odfi Originator Agreement (Nbo Systems Inc)
Memberships in System. Bank shall retain its Membership in System in good standing and shall abide in all material respects by all the Rules and regulations applicable to Bank; provided, however, Confidential 9/13/2004 that Bank shall not be obligated to maintain such Membership. If Bank elects to terminate its membership in any System, or if a System elects to terminate Bank's Membership in spite of Bank's compliance with the applicable Rules, Bank shall give notice to Client as soon after it provides notice to or receives notice from the System according to the Rules.
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