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AMENDED AND RESTATED AFFINITY AGREEMENT AMERICAN - files consumerfinance

AMENDED AND RESTATED AFFINITY AGREEMENT AMERICAN - files consumerfinance 2025

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The Amended and Restated Affinity Agreement between MBNA America Bank, N.A. and the American Chemical Society outlines the terms under which MBNA provides financial services to ACS members. It includes definitions of various financial products, responsibilities of both parties, royalty arrangements for ACS based on account activity, confidentiality clauses, and termination conditions. The agreement emphasizes that ACS will not promote competing financial products and details the royalties payable to ACS for different types of accounts opened under the program.

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Click ‘Get Form’ to open it in the editor.
Begin by reviewing the Effective Date section at the top of the document. Ensure that you understand the agreement's commencement date and parties involved.
Proceed to the Definitions section. Familiarize yourself with key terms such as 'Agreement', 'Customer', and 'Financial Service Product' as these will be referenced throughout the document.
Fill in any required fields, particularly those related to your organization’s details, ensuring accuracy in names and addresses.
Review sections outlining Rights and Responsibilities of both parties. Make notes on obligations that pertain specifically to your organization.
Complete any necessary schedules attached, such as Schedule A for Royalties, ensuring all calculations are accurate based on your understanding of the agreement.
Once all fields are filled out, utilize our platform’s signing feature to securely sign the document electronically.

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What is an amended and restated credit agreement?

As an alternative and by contrast, an Amendment Restatement Agreement replaces the contract in its current state in its entirety but in its amended form. Going forward, the parties only need to refer to a single document to understand the latest contractual terms and position.

When to amend and restate an agreement?

An amended and restated promissory note is a legally binding addition to a promissory note that notes any docHub changes and replaces the original agreement. Amended and restated promissory notes are seen as the most recent and up-to-date versions of the promise to pay between a borrower and a lender.

How to do an amended and restated agreement?

Legally, an amended and restated agreement is typically interpreted as a continuation of the original, not an entirely new contract, unless stated otherwise. This can matter for things like lien priority or contract numbering.

How to amend and restate an operating agreement?

Amended and Restated Agreements are particularly important in long-term contracts, complex agreements, or situations where multiple amendments or modifications have been made over time, necessitating consolidation and clarification.

Is an amended and restated agreement a new agreement?

An amended and restated credit agreement is a credit agreement where one or many changes have been applied and stated within the document. A credit agreement is a legal document that outlines the terms of a loan agreement and is made between a borrower and a lender.

How to draft an amended and restated agreement?

Include a recitals section that outlines the background and purpose of the agreement. Clearly state the original agreement date, the parties involved, and reference any previous amendments. Revisit each section of the original agreement, incorporating all amendments in the restated document.