CREDIT AUTHORIZATIONS Clause Samples

The CREDIT AUTHORIZATIONS clause establishes the conditions under which one party grants permission to the other to access or use credit, typically for the purpose of making payments or purchases. In practice, this clause may specify the types of transactions covered, the maximum credit limits, and any procedures for revoking or modifying the authorization. Its core function is to clearly define the scope and limitations of credit use, thereby reducing the risk of unauthorized charges and ensuring both parties understand their financial responsibilities.
CREDIT AUTHORIZATIONS. Some transactions will require our prior authorization
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CREDIT AUTHORIZATIONS. Certain purchases and cash advances will require our authorization prior to completion of the transaction. In some cases, you may be asked to provide identification. If our authorization system is not working, we may not be able to authorize a transaction, even if you have sufficient available credit, we will not be liable to you if any of these events happen. We are not responsible for the refusal of any plan merchant or financial institution to honor your Card.
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CREDIT AUTHORIZATIONS. We will authorize all Account purchases in advance. A merchant may ask you to provide identification. We may not be able to authorize a transaction, even if you have sufficient available credit, for example if our authorization system is not working or if we suspect possible fraud. We will not be liable to you if this occurs. We may not authorize a transaction if your Account is over your Credit Limit or delinquent; if we authorize such a transaction, we do not consider it to be an increase in your Credit Limit. We are not responsible if any merchant refuses to accept or honor your Credit Card.
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CREDIT AUTHORIZATIONS. Subject to applicable law, we may limit or refuse to authorize or accept any transaction on your Account for any reason, including but not limited to a transaction that would cause you to exceed your Credit Limit, or your Account being delinquent. We will not be liable to you or any third party for limiting or refusing to authorize or accept any transaction on your Account, or if (1) we close your Account; (2) anyone refuses your Card, Check, or Account; or (3) we stop (or do not stop) a payment on a Check. Unless otherwise required by law, we will not be liable for goods or services you purchased or leased using your Account. You agree that any check we issue on your behalf to a financial institution other than us or our affiliates for the purpose of effecting a Balance Transfer at your request (“Balance Transfer Check”) will not be returned to you. We are entitled to return a Balance Transfer Check unpaid if there is not enough available credit in your Account, if your Account is in default, or if we have terminated your right to obtain further credit under your Account. If we honor the Balance Transfer Check under these circumstances, the amount in excess of your Credit Limit will be due immediately. We may pay Balance Transfer Checks dated more than six months prior to the date they are presented for payment. We will not certify a Balance Transfer Check. If you request a Balance Transfer when you open your Account, it may not be processed for up to 10 days from account opening date to allow us time to provide you with legally required disclosures. Balance Transfer(s) do not earn rewards under reward programs. The minimum amount of a Balance Transfer is $100. We will only approve Balance Transfer amounts that are at least $200 under your Credit Limit. For example, if your Credit Limit is $2,000, we will only approve a Balance Transfer of $1,800 or less. We may supply you with Convenience Checks that are subject to the following conditions. Payment of a Convenience Check will be treated as a Cash Advance on your Account, subject to the Cash Advance Transaction Fee described herein. The amount of the Convenience Check will be added to the Cash Advance balance on your Account, subject to interest charges, as of the date the Convenience Check is deposited. Your Convenience Check must be written in U.S. dollars. Only the person(s) whose name(s) appears on the Convenience Check may sign it. A Promotional Check used after the date specified in the promotional ...
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CREDIT AUTHORIZATIONS. Client authorizes Company to obtain any and all information concerning Client's business and personal history and financial credit report, which Company may require in connection with this Agreement.
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CREDIT AUTHORIZATIONS. Applicant hereby authorizes any individual, firm or corporation given as a credit reference to disclose to ▇▇▇▇▇▇▇▇▇ and/or Empire orally or in writing any information which is pertinent to this application. Applicant, likewise, authorizes ▇▇▇▇▇▇▇▇▇ and/or Empire to report Applicant’s credit record with ▇▇▇▇▇▇▇▇▇ and/or Empire to any credit bureau or to provide this information to any person who may inquire for such credit information.
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Related to CREDIT AUTHORIZATIONS

  • Governmental Authorizations; Private Authorizations; Governmental Filings It has obtained, maintained and kept in full force and effect all material Governmental Authorizations and material Private Authorizations which are necessary for it to properly carry out its business, and made all material Governmental Filings necessary for the execution and delivery by it of the Facility Documents to which it is a party and the performance by it of its obligations under this Agreement and the other Facility Documents to which it is a party.

  • Agent Authorization After the occurrence and during the continuance of any Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), the Agent is authorized and empowered (but without any obligation to so do), in its discretion, (i) in the name of each Guarantor, to collect and enforce, and to submit claims in respect of, Subordinated Obligations and to apply any amounts received thereon to the Guaranteed Obligations (including any and all Post Petition Interest), and (ii) to require each Guarantor (A) to collect and enforce, and to submit claims in respect of, Subordinated Obligations and (B) to pay any amounts received on such obligations to the Agent for application to the Guaranteed Obligations (including any and all Post Petition Interest).

  • Government Authorizations No Consent of, with or to any Governmental Authority is required to be obtained or made by or with respect to Buyer or any of its Affiliates in connection with the execution and delivery of this Agreement and the other Transaction Documents by Buyer or the consummation by Buyer of the transactions contemplated hereby and thereby, except for (a) required filings under the HSR Act, (b) as set forth on Section 5.4 of the Buyer Disclosure Schedule, and (c) Consents not required to be made or given until after Closing.

  • Borrower's Authorization Borrower shall have provided in form and substance satisfactory to Lender properly certified resolutions, duly authorizing the execution and delivery of this Agreement, the Note and the Related Documents. In addition, Borrower shall have provided such other resolutions, authorizations, documents and instruments as Lender or its counsel, may require.

  • Governmental Authorizations and Consents Each Credit Party shall have obtained all Governmental Authorizations and all consents of other Persons, in each case that are necessary or advisable in connection with the transactions contemplated by the Transaction Documents and each of the foregoing shall be in full force and effect and in form and substance reasonably satisfactory to the Administrative Agent. All applicable waiting periods shall have expired without any action being taken or threatened by any competent authority which would restrain, prevent or otherwise impose adverse conditions on the transactions contemplated by the Transaction Documents or the financing thereof and no action, request for stay, petition for review or rehearing, reconsideration, or appeal with respect to any of the foregoing shall be pending, and the time for any applicable agency to take action to set aside its consent on its own motion shall have expired.