Common use of Charge Approval Clause in Contracts

Charge Approval. Unless we inform you of a spending limit, each charge is approved based on the expense level and credit history of all of your accounts established with us, our subsidiaries and affiliates and/or licensees, as well as on your credit history with other financial institutions and your personal resources and income known by us. We may at our discretion decide and inform you of a credit limit applicable to your account which is the maximum amount which can be outstanding at any time on your account (including use by any Employee Card Members). You agree to manage your account so that charges billed to your account do not exceed the credit limit. Although you and any Employee Card Member use Cards on your account, all Cards remain our property at all times. You may be asked and you agree to return the Card to us or anyone we ask to take it on our behalf, including merchants. We may also inform merchants that your Card is no longer valid.

Charge Approval. Unless we inform you of a spending limit, each charge is approved based on the expense level and credit history of all of your accounts established with us, our subsidiaries and affiliates and/or licensees, as well as on your credit history with other financial institutions and your personal resources and income known by us. We may at our discretion decide and inform you of a credit limit applicable to your account which is the maximum amount which can be outstanding at any time on your account (including use by any Employee Card Members). You agree to manage your account so that charges billed to your account do not exceed the credit limit. Although you and any Employee Card Member use Cards on your account, all Cards remain our property at all times. You may be asked and you agree to return the Card to us or anyone we ask to take it on our behalf, including merchantsthe merchant. We may also inform merchants the merchant that your Card is no longer valid.

Charge Approval. Unless we inform you of a spending limit, each charge is approved based on the expense level and credit history of all of your accounts established with us, our subsidiaries and affiliates and/or licensees, as well as on your credit history with other financial institutions and your personal resources and income known by us. We may at our discretion decide and inform you of a credit limit applicable to your account which is the maximum amount which can be outstanding at any time on your account (including use by any Employee Supplementary Card Members). You agree to manage your account so that charges billed to your account do not exceed the credit limit. Although you and any Employee Supplementary Card Member use Cards on your account, all Cards remain our property at all times. You may be asked and you agree to return the Card to us or anyone we ask to take it on our behalf, including the merchants. We may also inform the merchants that your Card is no longer valid.