Common use of Card Limits Clause in Contracts

Card Limits. 6.1. We may set and/or revise the Card Limits in relation to the Card from time to time without prior notice to you. 6.2. Whenever we are informed (whether by the Merchant or any other person) that any Card Transaction or any other transaction is proposed to be effected or completed with the Card, we may hold or set aside out of the available credit balances or available credit on the Account an amount estimated by us or the Merchant or that other person to be the amount for which that Card Transaction is likely to be effected or completed. 6.3. The amount set aside with respect to any proposed Card Transaction: (a) may be set aside for as long as we may determine to be appropriate in the circumstances; (b) may be released at any time we determine or after we have debited the Account in respect of the Card Transaction; (c) may not be the exact amount for which that Card Transaction is effected and finally debited to the Account; and (d) shall not restrict or limit our right to debit the Account with the amount of that Card Transaction regardless whether the amount is the same as the amount we have set aside or put on hold. 6.4. You may effect a Card Transaction only if there are sufficient funds in the Account to cover such transaction and the limits prescribed for the type of transaction are not exceeded. However, we may in our discretion and without giving prior notice: (a) approve, authorise or allow any Card Transaction to be effected during any period even though there are insufficient funds or credit in your Account and you shall repay on demand any resulting overdraft on your Account, together with interest, commission and other charges; and (b) refuse to approve, authorise and/or permit to be effected any one or more Card Transactions even though the applicable limits have not been exceeded. 6.5. Our determination in respect of whether your Card Limit has been exceeded shall be conclusive and binding on you.

Card Limits. 6.1. 6.1 We may set and/or revise the Card Limits in relation to the Card from time to time without prior notice to you. 6.2. 6.2 Whenever we are informed (whether by the Merchant or any other person) that any Card Transaction or any other transaction is proposed to be effected or completed with the Card, we may hold or set aside out of the available credit balances or available credit on the Account an amount estimated by us or the Merchant or that other person to be the amount for which that Card Transaction is likely to be effected or completed. 6.3. 6.3 The amount set aside with respect to any proposed Card Transaction: (a) may be set aside for as long as we may determine to be appropriate in the circumstances; (b) may be released at any time we determine or after we have debited the Account in respect of the Card Transaction; (c) may not be the exact amount for which that Card Transaction is effected and finally debited to the Account; and (d) shall not restrict or limit our right to debit the Account with the amount of that Card Transaction regardless whether the amount is the same as the amount we have set aside or put on hold. 6.4. 6.4 You may effect a Card Transaction only if there are sufficient funds in the Account to cover such transaction and the limits prescribed for the type of transaction are not exceeded. However, we may in our discretion and without giving prior notice:: HBSP/ CVM/ WEL/ TB/ TNC104 (a) approve, authorise or allow any Card Transaction to be effected during any period even though there are insufficient funds or credit in your Account and you shall repay on demand any resulting overdraft on your Account, together with interest, commission and other charges; and (b) refuse to approve, authorise and/or permit to be effected any one or more Card Transactions even though the applicable limits have not been exceeded. 6.5. 6.5 Our determination in respect of whether your Card Limit has been exceeded shall be conclusive and binding on you.