Common use of CHANGE OF TERMS Clause in Contracts

CHANGE OF TERMS. 19.1 We may change the terms of this Agreement at any time including, but not limited to, the APR, the formulas we use in computing the Finance Charge, the method of computing the Minimum Payment, the types and amounts of Fees, and the method we use to calculate the Average Daily Balance on which the Finance Charge is assessed. 19.2 If we change this Agreement, we will give you prior notice as required by applicable law. If applicable law does not provide you with a right to reject the change or changes, such change in terms will become effective 30 days from the mailing of the notice of the change in terms to you. 19.3 If applicable law provides you the right to reject and you do not wish to accept the change or changes, you may reject the change or changes by notifying us of the rejection prior to the effective date of the change or changes at the toll-free telephone number provided in the notice. If you reject the change or changes, your ability to access the Credit Line or undertake a Transaction with respect to the Account will be terminated. 19.4 The following changes do not constitute a change of the terms of this Agreement: (a) an increase or decrease to the APR as a result of an increase or decrease to the Index Rate, and (b) a change to the address or telephone numbers provided in Paragraph 14.2.