comenity bank settlement options victoria's secret

comenity bank settlement options victoria

Specifically excludes any amounts which have been written-off by Bank with respect to such Accounts. “Accounts Receivable Balance” shall mean at the time of reference, any and all amounts owing to Bank on the aggregate of all Accounts, including, without limitation, principal balances from Purchases, BBW Purchases, fees related to Protection Programs and Enhancement Marketing Services, accrued finance charges (whether or not posted or billed to an Account), late fees, and all other fees and charges assessed by Bank on the Accounts, less any payments and credits received by Bank with respect to the Accounts. “Account” shall mean an individual open-end revolving line of credit established by Bank for a Customer pursuant to the terms of a Credit Card Agreement, including without limitation, each of the Existing Accounts. As used herein and unless otherwise required by the context, the following terms shall have the following respective meanings. NOW THEREFORE, in consideration of the terms and conditions hereof, and for other good and valuable consideration, the receipt of which is hereby mutually acknowledged by the parties, Bank and VS agree as follows.ġ.1 Certain Definitions. WHEREAS, VS and Bank desire that the terms of this Agreement be effective as of J(“Effective Date”), unless otherwise specifically set forth herein WHEREAS, VS and Bank now wish to enter into this Agreement setting forth certain agreements with respect to the provision of VS’s private label credit card program, the terms of which shall supersede and replace the Prior Agreement and WHEREAS, VS and Bank entered into that certain Private Label Credit Card Program Agreement dated May 9, 2011, as amended (the “Prior Agreement”) and 361 San Francisco Street, San Juan, Puerto Rico 00901-1783 (hereinafter referred to as 'Puerto Rico') (Victoria’s Secret, Lone Mountain, Direct, Far West and Puerto Rico collectively hereinafter referred to as “VS”) and COMENITY BANK, a Delaware state bank, with its principal office at One Righter Parkway, Suite 100, Wilmington, DE 19803, (hereinafter referred to as “Bank”). and L Brands Direct Fulfillment, Inc., each a Delaware corporation, with principal offices at Five Limited Parkway, Reynoldsburg, OH 43068, (collectively hereinafter referred to as “Direct”) and Far West Factoring, LLC a Nevada limited liability company, with its principal office at 4441 South Polaris Avenue, Las Vegas, Nevada 89103, (hereinafter referred to as “Far West”), and Puerto Rico Store Operations LLC, a Puerto Rico limited liability company, with Its principal office at. THIS PRIVATE LABEL CREDIT CARD PROGRAM AGREEMENT (this “Agreement”) is made as of this 29 th day of June, 2018 (the “Execution Date”) by and between Victoria’s Secret Stores, LLC, a Delaware limited liability company, with its principal office at Four Limited Parkway, Reynoldsburg, OH 43068, (hereinafter referred to as “Victoria’s Secret”), Lone Mountain Factoring, LLC, a Nevada limited liability company, with its principal office at 4441 South Polaris Avenue, Las Vegas, Nevada 89103 (hereinafter referred to as “Lone Mountain”), L Brands Direct Marketing, Inc. PRIVATE LABEL CREDIT CARD PROGRAM AGREEMENT Remedies for Poor Cardholder Satisfaction Survey Results Remedies for Failure to Meet Service Standards Termination with Cause by VS VS Termination Events Termination with Cause by Bank Bank Termination Events SECTION 8 INDEMNIFICATION CLAIMS AND ACTIONS SECTION 6 REPRESENTATIONS AND WARRANTIES OF BANK SECTION 4 REPRESENTATIONS AND WARRANTIES OF VSĪuthorization, Validity and Non-Contravention Promotion of Program and Card Plan Non-Competition Payment to VS Ownership of Accounts Fees AccountingĪssignment of Title in Charged Back Purchases Relationship Management, Resources and ReportingĬardholder Disputes Regarding Goods and/or ServicesĬardholder Disputes Regarding Violations of Law or Regulation

0001101215 2021 FY false 1 1 1 0 0 0 0 0 0 P3M P3M P1Y LIBOR LIBOR P12M 0.Applications for Credit Under the Plan Billing Statementsĭebt Cancellation Programs and Enhancement Marketing Services

Comenity bank settlement options victoria's secret