Nautilus 2000 Annual Report Download - page 52

m." Credit Slip " means evidence of credit in electronic or paper form for Goods purchased from Merchant.
n." Discount " means the fee payable by Merchant to Household as described in Section3.b.(ii)hereof.
o." Goods " means the products described in Section2 below, certain warranties expressly authorized by Household, and related services sold
by Merchant in the ordinary course of Merchant's business to consumers for individual, family, personal or household use.
p." Internet Application " means any Application for a Card which is received by Household on-line via the Household web site.
q." Mailed-In Application " means any Application for a Card which is received by Merchant or Household through the mail.
r." Operating Instructions " means the regulatory guidelines and operating instructions and/or procedures or written instructions designated by
Household and agreed to by Merchant, which agreement shall not be unreasonably withheld, from time to time concerning the Program.
s." Program " means the private label revolving credit card program promoted by Merchant whereby Accounts will be established and
maintained by Household, Cards issued by Household to qualified consumers purchasing Merchant's Goods, and Card Sales funded all pursuant
to the terms of this Agreement.
t." Sales Slip " means evidence of a Card Sale in electronic or paper form for Goods purchased from Merchant.
u." Telephone Application " means any Application for a Card which is received from a consumer or solicited by Merchant via telephone and
for which the applicant's credit or other information required to apply for a Card is obtained by Merchant from the applicant over the telephone.
v." Terminal " means an electronic terminal or computer capable of communicating by means of an on-line or dial-up electronic link with an
Authorization Center.
Section2.Scope and Purpose. Merchant engages in the sale of fitness equipment and other products. Pursuant to that certain Merchant
Agreement dated February4, 1997, as amended by that First Amended and Restated Merchant Agreement (collectively referred to as the
"Existing Merchant Agreement"), Household and Merchant had agreed that Household would make financing available to customers of
Merchant purchasing Goods from Merchant. Merchant has requested Household to continue to make financing available to consumers
purchasing Goods from Merchant and Merchant has agreed to execute this Agreement in order to continue the Program and secure its benefit
for Merchant. Household and Merchant agree that this Agreement shall supersede and replace the Existing Merchant Agreement. Household, a
credit card bank in the business of providing revolving credit financing pursuant to a credit card, has agreed to continue to provide financing
under the Program to individual qualified consumers purchasing Merchant's Goods pursuant to the terms and conditions set forth in this
Agreement.
a. Forms and Cards. Household will provide to Merchant standard Sales Slips, Credit Slips and other forms from time to time for use by
Merchant in the Program, which documents may be changed from time to time by Household. Merchant agrees to pay for the combined
Application and Cardholder Agreement and Disclosure Statement and will be charged a fee for non-standard forms and for forms in excess of
normal usage. The design and content of Cards and billing statements and the terms and conditions of Accounts and combined Applications and
Cardholder Agreement and Disclosure Statement shall be determined by Household and are subject to change by Household from time to time.
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2002. EDGAR Online, Inc.