Neiman Marcus 2008 Annual Report Download - page 781

Exhibit A to Schedule 4.6(e)
Recourse Review Process
Beginning as of the Effective Date, Bank and NMG shall comply with the following Recourse Review process prior to any
Risk Management Policy changes.
Process Owner Description Timing
Bank Will provide a report of Accounts (inactive and active) that would be affected by
impending Risk Management Policy changes. The report will include Account
number, block code(s), Account open date, LTD purchases, YTD purchases,
current balance, credit line, cycle due, and will be sorted from High Balance to
Low Balance.
30 days before
implementation of Risk
Management Policy
changes.
NMG Will review the Accounts and provide Bank with a list of Accounts that they
would like to take on full recourse, per the Fourth Amendment to the Agreement
executed April 3, 2007.
15 days before
implementation of Risk
Management Policy
changes.
Bank Bank will flag the identified Accounts as full recourse using the then current
recourse management procedures. These Accounts will be included in the
monthly recourse portfolio reporting.
Within 5 days of
implementation of Risk
Management Policy
changes.
Bank After the initial implementation, Bank will provide reporting, (not less than
quarterly) on any new Accounts, not previously identified, that will be impacted
by previous changes to Risk Management Policies.
On Going