Neiman Marcus 2008 Annual Report Download - page 774

Exhibit 10.52
Confidential Treatment Requested.
Certain material (indicated by asterisks) has been omitted from this document and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.
SEVENTH AMENDMENT TO CREDIT CARD PROGRAM AGREEMENT
This Seventh Amendment to Credit Card Program Agreement (the "Seventh Amendment") is entered into this 21st day of April 2008
by and among The Neiman Marcus Group, Inc. and Bergdorf Goodman, Inc. on the one hand, and HSBC Private Label Corporation
(formerly, Household Corporation) and HSBC Bank Nevada, N.A. on the other hand, to that certain Credit Card Program Agreement,
dated June 8, 2005 (as amended, the "Agreement"), among the foregoing parties. All capitalized terms used herein and not otherwise
defined shall have the meanings given to them in the Agreement.
1. The following new defined terms shall be added in Section 1.1 of the Agreement in the appropriate alphabetical order:
"Active Account" means an Account with debit or credit activity within the last [***] days.
"Average Number of Active Accounts" means, with respect to any period, the sum of the number of Active Accounts on the
last day of each calendar month during such period divided by the number of calendar months in such period.
"Average Gross Receivables" means, (i) with respect to the RAM Measurement Period, the average of the Gross Receivables
on the last day of each calendar month during the period from [***]and (ii) with respect to any Reference Period, the average
of the Gross Receivables on the last day of each calendar month during the period from [***]through the end of such
Reference Period.
"High/Low Collar Review Period" means the period of 120 days following the effective date of the February 2008 Change of
Terms (as that term is defined in the Letter Agreement between the parties executed on February 22, 2008), and an additional
[***]days in which the Parties shall attempt to mutually agree upon a new High Collar and Low Collar.
"Inactive Account" means any Account that is not an Active Account.
"Net Credit Sales", for purposes of this Seventh Amendment, means, for any period, an amount equal to (A) gross credit sales
on Accounts (including gift card sales, sales tax, delivery charges, Licensee sales and any other amount included in the full
amount charged by Cardholders) reflected in the NMG Charge Transaction Data during such period, minus (B) the sum of
credits for returned goods and cancelled services and other credits (such as concessions, discounts and adjustments) on
Accounts reflected in the NMG Charge Transaction Data during such period.
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