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ABS-Concept I, Inc., Agreement
Concept I, Inc. (Concept), a Massachusetts corporation, is
the party that brought Chase Lincoln to the attention of ABS as a
bank willing to issue the credit card. On March 9, 1986, ABS
entered into an agreement with Concept (the ABS-Concept
agreement), which concerns itself with ABS’s rights and duties
under Article 4 of the SC-ABS agreement to solicit the members
with respect to the credit card. The ABS-Concept agreement
recites that ABS desires to assign those rights and duties to
Concept. Among other things, the ABS-Concept agreement provides
that (1) by doing so, ABS intends to satisfy its obligations with
respect to solicitation under the SC-ABS agreement and
(2) Concept and Chase Lincoln have entered into an agreement
pursuant to which Chase Lincoln has agreed to act as the
financial institution that will issue the credit card. Concept's
obligations under the ABS-Concept agreement are tied to its
rights and obligations under its agreement with Chase Lincoln.
Concept-Chase Lincoln Agreement
On March 28, 1986, Concept entered into an agreement with
Chase Lincoln. That agreement (the Concept-Chase Lincoln
agreement) makes reference to both the SC-ABS agreement and the
ABS-Concept agreement and recites that Chase Lincoln is willing
to serve as the issuing financial institution with respect to the
“Card Program” contemplated in the SC-ABS agreement (the credit
card program). Among other things: Concept agrees to solicit
(or cause to be solicited) the members for participation in the
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Last modified: May 25, 2011