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Common use of Change in Status Clause in Contracts

Change in Status. If you are determined to be a Covered Borrower at the time this Agreement is entered into, and at a later date are no longer a Covered Borrower, you agree that the provisions of 32 CFR Part 232 will no longer apply to this Agreement. Savings Clause. This Agreement may contain terms that are prohibited when applied to Covered Borrowers. For this reason, you and we agree that application of any term proscribed by 32 CFR 232.8 shall be limited to only non-covered borrowers in a manner consistent with other applicable law.

Appears in 13 contracts

Samples: Cardholder Agreement, Cardholder Agreement, Cardholder Agreement

Change in Status. If you are determined to be a Covered Borrower at the time this Agreement is entered into, and at a later date are no longer a Covered Borrower, you agree that the provisions of 32 CFR Part 232 will no longer apply to this Agreement. Savings Clause. This Agreement may contain terms that are prohibited when applied to Covered Borrowers. For this reason, you and we agree that application of any term proscribed by 32 CFR 232.8 shall be limited to only non-covered borrowers in a manner consistent with other applicable law.. ADDITIONAL PROVISIONS

Appears in 3 contracts

Samples: Cardholder Agreement, Cardholder Agreement, Cardholder Agreement