Common use of Credit Balance Clause in Contracts

Credit Balance. 6.1 No interest will accrue on any balance standing credit to your Card Account. 6.2 You may request to withdraw any credit balance in your Card Account in writing and such credit balance will be refunded to you within 7 working days from the date we have received your written request. 6.3 If a credit balance remains after the Card and Card Account are terminated, you shall promptly arrange to collect this balance (subject to clause 6.2 above) within one month from the termination date. If you fail to collect such credit balance, we may forfeit your entitlement to such balance or release such balance to any person who can show a good claim.

Credit Balance. 6.1 No interest will accrue on any balance standing credit to your Card Account. 6.2 You The Corporation may request to withdraw any credit balance in your Card Account in writing and such credit balance will be refunded to you the Corporation within 7 working days from the date we have received your the written request. 6.3 If a credit balance remains after the Card and Card Account are terminated, you the Corporation shall promptly arrange to collect this balance (subject to clause 6.2 above) within one month from the termination date. If you fail the Corporation fails to collect such credit balance, we may forfeit your the Corporation’s entitlement to such balance or release such balance to any person who can show a good claim.