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
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.
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.
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 ...
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.
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.