Common use of CHANGE OF DESIGNATED ACCOUNT Clause in Contracts

CHANGE OF DESIGNATED ACCOUNT. Should we approve any request by you to designate another account you have with us (including without limitation any of the types of accounts listed in the definition of “Designated Account” in Clause 1 above) in place of your existing Designated Account for the purposes of this Agreement, the account nominated by you shall become your new Designated Account. The change shall take effect from any date that we may determine. Until and unless we have approved the change of your Designated Account, this Agreement shall continue to apply to any Card Transactions for which amounts have been set aside from the previous Designated Account.

CHANGE OF DESIGNATED ACCOUNT. Should we approve any request by you to designate another account you have with us (including without limitation any of the types of accounts listed in the definition definition of “Designated Account” in Clause 1 above) in place of your existing Designated Account for the purposes of this Agreement, the account nominated by you shall become your new Designated Account. The change shall take effect from any date that we may determine. Until and unless we have approved the change of your Designated Account, this Agreement shall continue to apply to any Card Transactions for which amounts have been set aside from the previous Designated Account.