Neiman Marcus 2008 Annual Report Download - page 557

"Average Interest Free Receivables" means, for any Fiscal Year, the average for each Fiscal Month occurring in such Fiscal
Year of the Fiscal Month-end Billed Cardholder Debt under Private Label Accounts that do not bear interest (other than CCCS
Accounts and Accounts for which a payment plan was instituted in connection with the servicing and collection thereof).
"Average Private Label Receivables" means, for any Fiscal Year, the average for each Fiscal Month occurring in such Fiscal
Year of the Fiscal Month-end Billed Cardholder Debt under Private Label Accounts.
"Bank" has the meaning set forth in the preamble hereof.
"Bank Companies" means, collectively, Bank and Primary Servicer.
"Bank Event of Default" means the occurrence of any one of the events listed in Section 15.2 hereof or an Event of Default
where a Bank Company is the defaulting Party.
"Bank Guaranty" means the Guaranty by Bank Parent of Bank's and Primary Servicer's obligations under this Agreement and
the Servicing Agreement.
"Bank Licensed Marks" means the trademarks, tradenames, service marks, logos and other proprietary designations of Bank
listed on Schedule 1.1(a) and licensed to the NMG Companies under Section 10.2 hereof.
"Bank Matters" has the meaning set forth in Section 3.2(g) hereof.
"Bank Parent" means HSBC Finance Corporation, a Delaware corporation.
"Bank Systems" means Systems owned, leased or licensed by and operated by or on behalf of Bank or any of its Affiliates.
"Bankruptcy Code" means Title 11 of the United States Code, as amended, or any other applicable state or federal bankruptcy,
insolvency, moratorium or other similar law and all laws relating thereto.
"BG" has the meaning set forth in the preamble hereof.
"Billed Cardholder Debt" means (i) all amounts charged and owing to Bank by Cardholders that were billed with respect to the
Private Label Accounts (including principal balances from outstanding charges, charges for Approved Ancillary Products, finance
charges, NSF fees, late charges, pay-by-phone fees and any other fees and charges), less (ii) the amount of any credit balances owing
by Bank to such Cardholders, including in respect of any payments and any credits associated with returns of NMG Goods and
Services and other credits and adjustments, in each case, that were reflected in the Billing Statement with respect to the Account.
"Billing Cycle" means the interval of time between regular periodic Billing Dates for an Account.
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