Credit Card Facility Clause Samples

Credit Card Facility. Subject to the terms and conditions of this Agreement, Borrower may request Credit Card Services pursuant to the terms of such Credit Card Services Agreements as may be required by Lender in an aggregate amount not to exceed the Credit Card Limit.
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Credit Card Facility. The Operating Facility Lender shall, in addition to the Operating Facility, be entitled to make available to the Borrower and the Material Subsidiaries, or any of them, MasterCard facilities on such terms and conditions, in such amounts and pursuant to such agreements as the Operating Facility Lender agrees from time to time, provided that such MasterCard facilities shall not exceed the Equivalent Amount in Cdn. Dollars of Cdn. $1,000,000. Notwithstanding the fact that the MasterCard facilities will be established as additional and separate facilities from the Credit Facilities: (i) all amounts owing under such MasterCard facilities shall be deemed to be Loan Indebtedness arising under the Operating Facility for purposes of those provisions under this Agreement respecting repayment of the Loan Indebtedness, the Operating Facility Lender’s share thereof, the definitions of “Security Documents” and “Security”, and the granting, discharge and pari passu sharing of Security in connection with such Loan Indebtedness and (ii) all amounts owing under such MasterCard facilities shall be included in the calculation of the Outstanding Principal under the Operating Facility and the Outstanding Principal under all of the Credit Facilities for purposes of the pari passu sharing of Security. For greater certainty, the MasterCard facilities and any amounts outstanding thereunder shall not be included in the calculation of the Borrowing Base, any Borrowing Base Shortfall or unless otherwise specified in this Section 2.1(h), any amounts outstanding under the Credit Facilities.
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Credit Card Facility. 3A.1 If we approve and grant you the Debt Consolidation Facility, a separate Credit Card Facility (the “Credit Card Facility”) will also be granted to you together with the Debt Consolidation Facility. The grant of the Credit Card Facility is subject to our absolute discretion. If we grant you a Credit Card Facility, you will be issued a relevant OCBC credit card with such designated credit limit as we may permit from time to time. For the avoidance of doubt, the Credit Card Facility shall be governed by the terms of the OCBC Credit Cardmembers Agreement and such other terms and conditions as may we may impose in relation to the Credit Card Facility from time to time (the “Other Relevant Terms”) in which you agree to be bound by (collectively, the OCBC Credit Cardmembers Agreement and the other Relevant Terms shall be referred to as the “Relevant Terms and Conditions Governing the Credit Card Facility”). Notwithstanding anything to the contrary, where you have entered into the Existing Debt Consolidation Plan as described in Clause 2.10 with the Non-OCBC FI and you are applying for the Debt Consolidation Facility from us in order for you to refinance and pay off your outstanding amount owing under the Existing Debt Consolidation Plan as described in Clause 2.10, you agree and acknowledge that the Credit Card Facility (if approved by us) will, at our discretion, be used to pay off your outstanding amount owing under such unsecured revolving credit facilities (excluding the Existing 3rd Party Debt Consolidation Loan Account) (if any) granted by the Non-OCBC FI under the Existing Debt Consolidation Plan (the “Existing 3rd Party Unsecured Facilities”). In the event that the amount granted under the Credit Card Facility is insufficient to pay off the entire amount owing under the Existing 3rd Party Unsecured Facilities, you agree and undertake that you shall be fully responsible to make up the shortfall owing under the Existing 3rd Party Unsecured Facilities in accordance with the terms and conditions governing the Existing 3rd Party Unsecured Facilities. Your obligations under the Existing 3rd Party Unsecured Facilities shall remain unchanged and continue. For the avoidance of doubt, if, after using the Credit Card Facility to pay off the entire amount owing under the Existing 3rd Party Unsecured Facilities, there is still a surplus under the Credit Card Facility (the “Surplus”), you can utilise the Surplus insofar as the total credit limit referred to in Clau...
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Related to Credit Card Facility

  • Credit Cards About 60% of first-year students reported they have at least one credit card, although just 15% have two or more cards. Among those students who have credit cards, about 88% reported they pay off their balance each month and, as such, their current credit card balance is zero; however, when asked what their current credit card balance is, just 7% said it is zero. Among those with an unpaid balance, the average credit card debt students have is $1,549. Group 1 students tend to carry a higher balance on their credit cards than Group 2 and Group 3 students. None 40% 42% 45% 32% 43% One 45% 42% 42% 50% 45% Two 7% 6% 6% 8% 3% Three or more 8% 10% 7% 9% 9% Average number 1.8 2.8 1.2 2.2 1.2 Yes 88% 83% 88% 89% 80% Zero 7% 2% 14% 2% - $500 or less 83% 83% 79% 87% 82% $501 to $1,000 5% 7% 4% 6% 9% Over $1,000 5% 8% 4% 6% 9% Average (all with credit card) $487 $652 $352 $564 $385 Average (those with unpaid balance) $1,549 $1,954 $1,249 $1,648 $974 * Total credit card balance and payment of the balance were asked of those who had at least one credit card.

  • Credit Card If you choose to pay by credit card, you will be prompted to provide your credit card information and will be presented with a screen that reflects the amount of your subscription, the amount of fees that would be charged by the credit card issuer for the transaction and the total amount payable.

  • Credit Card Agreements Each Borrower and Guarantor shall (a) observe and perform all material terms, covenants, conditions and provisions of the Credit Card Agreements to be observed and performed by it at the times set forth therein; (b) not do, permit, suffer or refrain from doing anything, as a result of which there could be a default under or breach of any of the terms of any of the Credit Card Agreements and at all times maintain in full force and effect the Credit Card Agreements and not terminate, cancel, surrender, modify, amend, waive or release any of the Credit Card Agreements, or consent to or permit to occur any of the foregoing; except, that, any Borrower or Guarantor may terminate or cancel any of the Credit Card Agreements in the ordinary course of the business of such Borrower or Guarantor; provided, that, such Borrower or Guarantor shall give Agent not less than ten (10) Business Days prior written notice of its intention to so terminate or cancel any of the Credit Card Agreements; (c) not enter into any new Credit Card Agreements with any new Credit Card Issuer unless Agent shall have received not less than ten (10) Business Days prior written notice of the intention of such Borrower or Guarantor to enter into such agreement (together with such other information with respect thereto as Agent may request) and such Borrower or Guarantor delivers, or causes to be delivered to Agent, a Credit Card Acknowledgment in favor of Agent; (d) give Agent immediate written notice of any Credit Card Agreement entered into by such Borrower or Guarantor after the date hereof, together with a true, correct and complete copy thereof and such other information with respect thereto as Agent may reasonably request; (e) furnish to Agent, promptly upon the request of Agent, such information and evidence as Agent may require from time to time concerning the observance, performance and compliance by such Borrower or Guarantor or the other party or parties thereto with the terms, covenants or provisions of the Credit Card Agreements; and (f) not modify any instructions given by Agent to any Credit Card Issuer or Credit Card Processor provided for in any Credit Card Acknowledgement or otherwise direct the remittance of payments under any Credit Card Agreement to any account other than the Blocked Account.

  • Deposit Accounts; Credit Card Arrangements (a) Annexed hereto as Schedule 5.21(a) is a list of all DDAs maintained by the Loan Parties as of the Closing Date, which Schedule includes, with respect to each DDA (i) the name and address of the depository; (ii) the account number(s) maintained with such depository; (iii) a contact person at such depository, and (iv) the identification of each Blocked Account Bank. (b) Annexed hereto as Schedule 5.21(b) is a list describing all arrangements as of the Closing Date to which any Loan Party is a party with respect to the processing and/or payment to such Loan Party of the proceeds of any credit card charges and debit card charges for sales made by such Loan Party.

  • Credit Card Payments If You pay for the APEX Service using a credit card (to the extent available), then: (a) You authorize Dell to periodically charge Your credit card for the APEX Service fees; (b) You will be subject to any additional terms presented to You by the third-party credit card payment processor (which will be the merchant of record for that transaction); and (c) You are responsible for keeping Your credit card information up to date. You agree that Dell may request that Your credit card payment issuer pre-authorize and hold an amount equal to the next recurring fee (or an estimate if the fee is variable) for the APEX Service in advance of its due date.