Common use of BANK’S DISCRETION Clause in Contracts

BANK’S DISCRETION. 7.1. The Bank is entitled, at any time in its absolute discretion and without giving prior notice or reason, to refuse to approve any such proposed Card Transaction notwithstanding that the Credit Limit would not be exceeded, if the amount of such Card Transaction was debited thereto. 7.2. The Bank is entitled, in its absolute discretion, without prior notice and without giving any reason, to: (a) Suspend the Cardmember’s right to use the Card entirely or in respect of specific facilities whereupon all debit balance to the Card will be due and payable immediately on such payment due date as may be stipulated by the Bank; and/or (b) Refuse to re-issue, renew or replace the Card, without, in any case, affecting the obligations of the Cardmember under this Agreement which will continue in force, and there will be no refund of any annual fees or other fees paid if the right to use the Card is so suspended by the Bank or if the Card is not renewed or replaced. 7.3. Without prejudice to other provisions in this Agreement, the Bank reserves the right, at any time, in its absolute discretion and without prior notice and without giving any reason, to introduce, amend, vary, restrict or withdraw all or any of the benefit, services, facilities and privileges in respect of or in connection with the use of the Card and/or this Agreement. 7.4. The Bank is entitled to pay the credit balance (if any) on the Card Account to the Cardmember (or to the Cardmember’s executer(s) or administrator(s) in the event of the Cardmember’s death) and shall not be obligated to enquire about the beneficial rights to such funds. In addition, any benefits such as reward points will terminate Cardmember’s upon death.

Appears in 2 contracts

Samples: Credit Card Agreement, Credit Card Agreement

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BANK’S DISCRETION. 7.18.1. The Bank is entitled, at any time in its absolute discretion and without giving prior notice or reason, to refuse to approve any such proposed Card Transaction notwithstanding that the Credit Limit would not be exceeded, if the amount of such Card Transaction was debited thereto. 7.28.2. The Bank is entitled, in its absolute discretion, without prior notice and without giving any reason, to: (a) Suspend the Cardmember’s right to use the Card entirely or in respect of specific facilities whereupon all debit balance to the Card will be due and payable immediately on such payment due date as may be stipulated by the Bank; and/or (b) Refuse to re-issue, renew or replace the Card, without, in any case, affecting the obligations of the Cardmember under this Agreement which will continue in force, and there will be no refund of any annual fees or other fees paid if the right to use the Card is so suspended by the Bank or if the Card is not renewed or replaced. 7.38.3. Without prejudice to other provisions in this Agreement, the Bank reserves the right, at any time, in its absolute discretion and without prior notice and without giving any reason, to introduce, amend, vary, restrict or withdraw all or any of the benefit, services, facilities and privileges in respect of or in connection with the use of the Card and/or this Agreement. 7.48.4. The Bank is entitled to pay the credit balance (if any) on the Card Account to the Cardmember (or to the Cardmember’s executer(s) or administrator(s) in the event of the Cardmember’s death) and shall not be obligated to enquire about the beneficial rights to such funds. In addition, any benefits such as reward points will terminate Cardmember’s upon death.

Appears in 1 contract

Samples: Credit Card Agreement

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BANK’S DISCRETION. 7.18.1. The Bank is entitled, at any time in its absolute discretion and without giving prior notice or reason, to refuse to approve any such proposed Card Transaction notwithstanding that the Credit Limit would not be exceeded, if the amount of such Card Transaction was debited thereto. 7.28.2. The Bank is entitled, in its absolute discretion, without prior notice and without giving any reason, to: (a) Suspend the Cardmember’s right to use the Card entirely or in respect of specific facilities whereupon all debit balance to the Card will be due and payable immediately on such payment due date as may be stipulated by the Bank; and/or (b) Refuse to re-issue, renew or replace the Card, without, in any case, affecting the obligations of the Cardmember under this Agreement which will continue in force, and there will be no refund of any annual fees or other fees paid if the right to use the Card is so suspended by the Bank or if the Card is not renewed or replaced. 7.38.3. Without prejudice to other provisions in this Agreement, the Bank reserves the right, at any time, in its absolute discretion and without prior notice and without giving any reason, to introduce, amend, vary, restrict or withdraw all or any of the benefit, services, facilities and privileges in respect of or in connection with the use of the Card and/or this Agreement. 7.48.4. The Bank is entitled to pay the credit balance (if any) on the Card Account to the Cardmember (or to the Cardmember’s executer(s) or administrator(s) in the event of the Cardmember’s death) and shall not be obligated to enquire about the beneficial rights to such funds. In addition, any benefits such as reward points will terminate be terminated upon the Cardmember’s upon death.

Appears in 1 contract

Samples: Credit Card Agreement

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