Common use of Change of agreement Clause in Contracts

Change of agreement. a. This Agreement may be amended by Us in Our discretion or pursuant to the direction of the Sharia’ Board pursuant to a 30 business days’ prior written notice to the Cardmember and the Company (60 days in case of changing fees or charges). The up-to-date version of this Agreement will be displayed over Our website and shall contain any such amendment(s), and shall therefore be deemed valid, entering into full effect, automatically after the notice period, replacing and superseding the previous provision(s). The use or possession of the Card(s) after the notice period shall be deemed as the Cardmember’s and the Company’s formal and absolute approval to such amendments to the Agreement. b. If the Cardmember or the Company does not accept such amendments, the Cardmember or the Company may terminate this Agreement (without incurring additional fees related to revised Agreement) within 14 days after the receipt of the notice by Us by an authenticated communication to terminate this Agreement. The Cardmember and the Company will continue to be liable for amounts that the Cardmember owes to Us until We receive full payment, but We will refund a pro-rata proportion of the Annual Fee according to the remaining months of membership. c. We may assign Our rights, benefits or obligations under this Agreement at any time. The Cardmember or the Company may not assign the rights, benefits or obligations under this Agreement.