Common use of Cancellation/Suspension Clause in Contracts

Cancellation/Suspension. The Primary Cardholder may cancel any Card and the Card Account by providing notice to Neo. We may require any cancellation to be done in writing. Neo has the right at any time at its sole option and discretion, without notice to anyone, to cancel any Card and to cancel or withdraw all rights or privileges in respect of the Card and the Card Account. If the Debt outstanding on a Card Account exceeds the Credit Limit, Neo may, but is not required to, suspend use of the Card and Card Account until such time as the Debt for the Card Account is within the Credit Limit. If a Card is cancelled or suspended: (a) you will cease to be entitled to the Card benefits; (b) all Cards shall immediately be returned to Neo; (c) Neo may inform businesses honouring the Card that it has been revoked or cancelled; (d) the Primary Cardholder shall continue to liable for all Debt charged to the Card Account incurred through the use of any such Card made prior to the time the Card is returned to Neo; and (e) you must notify any service providers who have authorization to charge transactions to the Card Account of the Card cancellation. Although an account may be closed, the Primary Cardholder will continue to be liable for any pre-authorized payment arrangement(s) which may still be charged to the Card Account. The rights of Neo in this Section 9.2 are in addition to the rights of Neo upon a Default Event. If a Card is cancelled or suspended, Neo shall not be liable for, and you release Neo from, any loss, costs, or damages due to Card privileges being cancelled or suspended.

Appears in 3 contracts

Samples: Cardholder Agreement, Cardholder Agreement, Cardholder Agreement

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Cancellation/Suspension. The A Primary Cardholder may cancel any Card and the Card Account by providing notice to NeoATB. We may require any cancellation to be done in writing. Neo ATB has the right at any time at its sole option and discretion, without notice to anyone, to cancel any Card and to cancel or withdraw all rights or privileges in respect of the Card and the Card Account. If the Debt outstanding on a Card Account exceeds the Credit Limit, Neo ATB may, but is not required to, suspend use of the Card and Card Account until such time as the Debt for the Card Account is within the Credit Limit. If a Card is cancelled or suspended:. (a) you You will cease to be entitled to the Card benefits; (b) all All Cards shall immediately be returned to NeoATB; (c) Neo ATB may inform businesses honouring the Card that it has been revoked or cancelled; (d) the Each Primary Cardholder shall continue to be jointly and severally (and in Quebec solidarily) liable with each other Primary Cardholder for all Debt charged to the Card Account incurred through the use of any such Card or Cheques made prior to the time the Card is and Cheques are returned to NeoATB; and (e) you You must notify any service providers who have authorization to charge transactions to the Card Account of the Card cancellation. Although an account may be closed, the Primary Cardholder Cardholder(s) will continue to be liable for any pre-authorized payment arrangement(s) which may still be charged to the Card Account. The rights of Neo ATB in this Section 9.2 section 7.3 are in addition to the rights of Neo ATB upon a Default Event. If a Card is cancelled or suspended, Neo ATB shall not be liable for, and you release Neo ATB from, any loss, costs, or damages due to Card privileges being cancelled or suspendedcancelled.

Appears in 1 contract

Samples: Cardholder Agreement

Cancellation/Suspension. The A Primary Cardholder may cancel any Card and the Card Account by providing notice to Neo. We may require any cancellation to be done in writing. Neo has the right at any time at its sole option and discretion, without notice to anyone, to cancel any Card and to cancel or withdraw all rights or privileges in respect of the Card and the Card Account. If the Debt outstanding on a Card Account exceeds the Credit Limit, Neo may, but is not required to, suspend use of the Card and Card Account until such time as the Debt for the Card Account is within the Credit Limit. If a Card is cancelled or suspended: (a) you will cease to be entitled to the Card benefits; (b) all Cards shall immediately be returned to Neo; (c) Neo may inform businesses honouring the Card that it has been revoked or cancelled; (d) the each Primary Cardholder shall continue to be jointly and severally liable with each other Primary Cardholder for all Debt charged to the Card Account incurred through the use of any such Card or Cheques made prior to the time the Card is and Cheques are returned to Neo; and (e) you must notify any service providers who have authorization to charge transactions to the Card Account of the Card cancellation. Although an account may be closed, the Primary Cardholder Cardholder(s) will continue to be liable for any pre-authorized payment arrangement(s) which may still be charged to the Card Account. The rights of Neo in this Section 9.2 7.3 are in addition to the rights of Neo upon a Default Event. If a Card is cancelled or suspended, Neo shall not be liable for, and you release Neo from, any loss, costs, or damages due to Card privileges being cancelled or suspendedcancelled.

Appears in 1 contract

Samples: Cardholder Agreement

Cancellation/Suspension. The Primary Cardholder Owner may cancel any their Card and the Card Account by providing notice to Neo. The Owner can also tell us to remove any User from the Card Account or to cancel any User’s Card. We may require any cancellation to be done in writing. If a User’s Card is cancelled, the Owner must destroy the cancelled Card. A User can also tell us to remove them from the Card Account and can cancel their own Card. Neo has the right at any time at its sole option and discretion, without notice to anyone, to cancel any Card, remove a User from the Card Account, restrict a User’s activity on the Card Account, and to cancel or withdraw all rights or privileges in respect of the any Card and the Card Account. If the Debt outstanding on a Card Account exceeds the Credit Limit, Neo may, but is not required to, suspend use of the Card and Card Account until such time as the Debt for the Card Account is within the Credit Limit. If a Card is cancelled or suspended: (a) you will cease to be entitled to the Card benefits; (b) all Cards shall immediately be returned to Neo; (c) Neo may inform businesses honouring the Card that it has been revoked or cancelled; (d) the Primary Cardholder Owner shall continue to liable for all Debt charged to the Card Account incurred through the use of any such Card made prior to the time the Card is returned to Neo; and (e) you must notify any service providers who have authorization to charge transactions to the Card Account of the Card cancellation. Although an account may be closed, the Primary Cardholder Owner will continue to be liable for any pre-authorized payment arrangement(s) which may still be charged to the Card Account. The rights of Neo in this Section 9.2 are in addition to the rights of Neo upon a Default Event. If a Card is cancelled or suspended, Neo shall not be liable for, and you release Neo from, any loss, costs, or damages due to Card privileges being cancelled or suspended.

Appears in 1 contract

Samples: Cardholder Agreement

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Cancellation/Suspension. The A Primary Cardholder may cancel any Card and the Card Account by providing notice to Neo. We may require any cancellation to be done in writing. Neo has the right at any time at its sole option and discretion, without notice to anyone, to cancel any Card and to cancel or withdraw all rights or privileges in respect of the Card and the Card Account. If the Debt outstanding on a Card Account exceeds the Credit Limit, Neo may, but is not required to, suspend use of the Card and Card Account until such time as the Debt for the Card Account is within the Credit Limit. If a Card is cancelled or suspended: (a) i. you will cease to be entitled to the Card benefits; (b) ii. all Cards shall immediately be returned to Neo; (c) Neo iii. Xxx may inform businesses honouring the Card that it has been revoked or cancelled; (d) the iv. each Primary Cardholder shall continue to be jointly and severally (and, in Quebec, solidarily) liable with each other Primary Cardholder for all Debt charged to the Card Account incurred through the use of any such Card made prior to the time the Card is returned to Neo; and (e) v. you must notify any service providers who have authorization to charge transactions to the Card Account of the Card cancellation. Although an account may be closed, the Primary Cardholder Cardholder(s) will continue to be liable for any pre-authorized payment arrangement(s) which may still be charged to the Card Account. The rights of Neo in this Section 9.2 are in addition to the rights of Neo upon a Default Event. If a Card is cancelled or suspended, Neo shall not be liable for, and you release Neo from, any loss, costs, or damages due to Card privileges being cancelled or suspended.

Appears in 1 contract

Samples: Personal Cardholder Agreement

Cancellation/Suspension. The A Primary Cardholder may cancel any Card and the Card Account by providing notice to Neo. We may require any cancellation to be done in writing. Neo has the right at any time at its sole option and discretion, without notice to anyone, to cancel any Card and to cancel or withdraw all rights or privileges in respect of the Card and the Card Account. Account If the Debt outstanding on a Card Account exceeds the Credit Limit, Neo may, but is not required to, suspend use of the Card and Card Account until such time as the Debt for the Card Account is within the Credit Limit. Limit If a Card is cancelled or suspended: (a) you You will cease to be entitled to the Card benefits;benefits (b) all All Cards shall immediately be returned to Neo; (c) Neo may inform businesses honouring the Card that it has been revoked or cancelled; (d) the Each Primary Cardholder shall continue to be jointly and severally (and, in Quebec, solidarily) liable with each other Primary Cardholder for all Debt charged to the Card Account incurred through the use of any such Card made prior to the time the Card is returned to Neo; and (e) you You must notify any service providers who have authorization to charge transactions to the Card Account of the Card cancellation. Although an account may be closed, the Primary Cardholder Cardholder(s) will continue to be liable for any pre-authorized payment arrangement(s) which may still be charged to the Card Account. Account The rights of Neo in this Section 9.2 section 8.5 are in addition to the rights of Neo upon a Default Event. Event If a Card is cancelled or suspended, Neo shall not be liable for, and you release Neo from, any loss, costs, or damages due to Card privileges being cancelled or suspended.

Appears in 1 contract

Samples: Cardholder Agreement

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