Common use of Cardholder’s right of cancellation Clause in Contracts

Cardholder’s right of cancellation. The cardholder shall have the right to cancel the agreement by notifying the card issuer of this within fourteen (14) days of concluding the agreement or such later date on which the cardholder receives the agreement in writing or in some other manner. The cancellation right shall only apply to the agreement, not to transactions which have been charged to the card prior or after the cardholder exercised the right to cancel the agreement. The cardholder shall, without undue delay and no later than thirty (30) days from the date of notifying the card issuer about the cancellation of the agreement, pay the total amount of the outstanding card debt and any interest accrued in accordance with section 9.4 (Credit interest). This requirement is in effect even if there are parallel cardholders in addition to the primary cardholder, and only one of such parallel cardholders has exercised the right to cancel the agreement.

Appears in 3 contracts

Samples: General Terms and Conditions, General Terms and Conditions, General Terms and Conditions

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Cardholder’s right of cancellation. The cardholder shall have the right to cancel the agreement by notifying the card issuer of this within fourteen (14) days of concluding the agreement or such later date on which the cardholder receives the agreement in writing or in some other manner. The cancellation right shall only apply to the agreement, not to transactions which have been charged to the card prior or after the cardholder exercised the right to cancel the agreement. The cardholder shall, without undue delay and no later than thirty (30) days from the date of notifying the card issuer about the cancellation of the agreement, pay the total amount of the outstanding card debt and any interest accrued in accordance with section 9.4 (Credit interest). This requirement is in effect even if there are parallel cardholders in addition to the primary cardholder, and only one of such parallel cardholders has exercised the right to cancel the agreement.

Appears in 1 contract

Samples: General Terms and Conditions

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Cardholder’s right of cancellation. The cardholder shall have the right to cancel the agreement by notifying the card issuer of this in within fourteen (14) days of concluding the agreement or such later date on which the cardholder receives the agreement in writing or in some other manner. The cancellation right shall only apply to the agreement, not to transactions which have been charged to the card prior or after the cardholder exercised the right to cancel the agreement. The cardholder shall, without undue delay and no later than thirty (30) days from the date of notifying the card issuer about the cancellation of the agreement, pay the total amount of the outstanding card debt and any interest accrued in accordance with section 9.4 (Credit interest). This requirement is in effect even if there are parallel cardholders in addition to the primary cardholder, and only one of such parallel cardholders has exercised the right to cancel the agreement.

Appears in 1 contract

Samples: General Terms and Conditions

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