Common use of CHANGING OR TERMINATING YOUR ACCOUNT Clause in Contracts

CHANGING OR TERMINATING YOUR ACCOUNT. If The Wall Street Journal stops publishing the Prime Rate, we may select a similar index rate. To the extent permitted by law, we may change the terms of this Agreement, including, but not limited to, the APR and monthly periodic rate, from time to time after giving you notice. We do not have to notify you in advance if certain changes are necessary for security reasons. Your use of the Card after receiving notice of a change will evidence your agreement to the change. Some changes will apply to your existing Account balance as well as to future transactions if indicated in the notice to you. Either we or you may terminate this Agreement at any time by giving the other party notice, but termination will not affect your obligation to pay the Account balance plus any interest and other charges owed. Termination by any one of you terminates the Card for all of you. Termination by you is effective upon our acknowledgement that your notice has been received. The Cards you receive remain our property and you must recover and surrender all Cards to us upon request or upon termination of this Agreement.