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Amendment to ABS-Concept Agreement and Concept-Chase Lincoln
Agreement
On March 28, 1986, the ABS-Concept agreement and the
Concept-Chase Lincoln agreement were amended (the ABS-Concept
Concept-Chase Lincoln amendment) such that (1) should ABS fail to
perform under the SC-ABS agreement, (2) should Concept fail to
perform under the ABS-Concept agreement, or (3) should both ABS
and Concept fail to perform under such agreements, Chase Lincoln
has the right to assume the responsibilities and enforce the
rights under such agreements.
SC-Chase Lincoln Agreement
On March 26, 1986, petitioner and Chase Lincoln entered
into an untitled agreement (the SC-Chase Lincoln agreement) that
references the SC-ABS agreement. Among other things, the
SC-Chase Lincoln agreement provides that (1) should ABS fail to
perform under the SC-ABS agreement, Chase Lincoln has the right
to assume the responsibilities and enforce the rights of ABS
under that agreement and (2) during the term of the agreement
(until March 28, 1988, unless extended) petitioner will not
authorize any other bank to issue Visa credit cards to its
members.
ABS-Concept Modification
By letter dated July 7, 1986, the ABS-Concept agreement was
amended and modified (the ABS-Concept modification). Among other
things, the letter provides that (1) Concept's duties to solicit
members are reassigned back to ABS and (2) to compensate Concept
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