Common use of Cardholder Account Credit Limit Clause in Contracts

Cardholder Account Credit Limit. For each Cardholder Account, the Program Administrator will set a Cardholder Account Credit Limit through RBC NextLogic. The Cardholder Account Credit Limit represents the maximum credit available on a Cardholder Account. Royal Bank will indicate to the Relevant Party the Cardholder Account Credit Limit on the Documents accompanying each Card when it is issued, and on each Billing Statement. The Program Administrator will be responsible for informing Cardholders of their Cardholder Account Credit Limit. Each Cardholder must observe the Cardholder Account Credit Limit, such that amounts owing on a Cardholder Account must not exceed the Cardholder Account Credit Limit. However, Royal Bank may, from time to time (but is not required to), permit the Debt to exceed the Cardholder Account Credit Limit. Royal Bank may also, at any time, refuse to permit the Debt owing on a Cardholder Account to exceed the Cardholder Account Credit Limit and require the Customer to pay any balances which exceed the Cardholder Account Credit Limit immediately. When the Debt owing on a Cardholder Account exceeds the Cardholder Account Credit Limit at any time during an Account Statement period, an “Overlimit Fee” is charged on that Cardholder Account, which will appear on the next Billing Statement. The Program Administrator may increase or decrease any Cardholder Account Credit Limit at any time, through RBC NextLogic. Any increase to one or more Cardholder Account Credit Limits must remain less than, or equal to, the Customer Account Credit Limit. If the Customer consistently makes late payments or no payments, Royal Bank may reduce the Cardholder Account Credit Limit without prior notice to the Customer. The Program Administrator can also set a shared Cardholder Account Credit Limit for multiple Cardholder Accounts, through RBC NextLogic, up to the Customer Account Credit Limit. In that case, the total of all Debt outstanding on all the Cardholder Accounts, collectively, must not exceed the Customer Account Credit Limit. This also means that the Debt charged to any Cardholder Account directly impacts the credit that remains available for the other Cardholder Accounts.

Cardholder Account Credit Limit. For each Cardholder Account, the Program Administrator will set a Cardholder Account Credit Limit through RBC NextLogic. The Cardholder Account Credit Limit represents the maximum credit available on a Cardholder Account. Royal Bank will indicate to the Relevant Party the Cardholder Account Credit Limit on the Documents accompanying each Card when it is issued, and on each Billing Statement. The Program Administrator will be responsible for informing Cardholders of their Cardholder Account Credit Limit. Each Cardholder must observe the Cardholder Account Credit Limit, such that amounts owing on a Cardholder Account must not exceed the Cardholder Account Credit Limit. However, Royal Bank may, from time to time (but is not required to), permit the Debt to exceed the Cardholder Account Credit Limit. Royal Bank may also, at any time, refuse to permit the Debt owing on a Cardholder Account to exceed the Cardholder Account Credit Limit and require the Customer to pay any balances which exceed the Cardholder Account Credit Limit immediately. When the Debt owing on a Cardholder Account exceeds the Cardholder Account Credit Limit at any time during an Account Statement period, an “"Overlimit Fee” " is charged on that Cardholder Account, which will appear on the next Billing Statement. The Program Administrator may increase or decrease any Cardholder Account Credit Limit at any time, through RBC NextLogic. Any increase to one or more Cardholder Account Credit Limits must remain less than, or equal to, the Customer Account Credit Limit. If the Customer consistently makes late payments or no payments, Royal Bank may reduce the Cardholder Account Credit Limit without prior notice to the Customer. The Program Administrator can also set a shared Cardholder Account Credit Limit for multiple Cardholder Accounts, through RBC NextLogic, up to the Customer Account Credit Limit. In that case, the total of all Debt outstanding on all the Cardholder Accounts, collectively, must not exceed the Customer Account Credit Limit. This also means that the Debt charged to any Cardholder Account directly impacts the credit that remains available for the other Cardholder Accounts.

Cardholder Account Credit Limit. For each Cardholder Account, the Program Administrator will set a an individual Cardholder Account Credit Limit Limit, through RBC NextLogic, up to the Customer Account Credit Limit. The Cardholder Account Credit Limit represents the maximum credit available on a Cardholder Account. Royal Bank will indicate to the Relevant Party the Cardholder Account Credit Limit on the Documents accompanying each Card when it is issued, and on each Billing Statement. The Program Administrator will be responsible for informing Cardholders of their Cardholder Account Credit Limit. Each Cardholder must observe the Cardholder Account Credit Limit, such that amounts owing on a Cardholder Account must not exceed the Cardholder Account Credit Limit. However, Royal Bank may, from time to time (but is not required to), permit the Debt to exceed the Cardholder Account Credit Limit. Royal Bank may also, at any time, refuse to permit the Debt owing on a Cardholder Account to exceed the Cardholder Account Credit Limit and require the Customer to pay any balances which exceed the Cardholder Account Credit Limit immediately. When the Debt owing on a Cardholder Account exceeds the Cardholder Account Credit Limit at any time during an Account Statement period, an “Overlimit Fee” is charged on that Cardholder Account, which will appear on the next Billing Statement. The Program Administrator may increase or decrease any a Cardholder Account Credit Limit at any time, through RBC NextLogic. Any increase to one or more Cardholder Account Credit Limits Limit(s) must remain less than, or equal to, the Customer Account Credit Limit. If the Customer consistently makes late payments or no payments, Royal Bank may reduce the Cardholder Account Credit Limit without prior notice to the Customer. The Program Administrator can also set a shared Cardholder Account Credit Limit for multiple Cardholder Accounts, through RBC NextLogic, up to the Customer Account Credit Limit. In that case, the total of all Debt outstanding on all the Cardholder Accounts, collectively, must not exceed the Customer Account Credit Limit. This also means that the Debt charged to any Cardholder Account directly impacts the credit that remains available for the other Cardholder Accounts.