Common use of Credit Extended to the Company Clause in Contracts

Credit Extended to the Company. All credit obtained with the Account (and/or Sub- Accounts if applicable), is deemed to be an extension of credit made to the Company for its benefit and not to or for the benefit of the Authorized Accountholder. The Authorized Accountholder or any Sub-Account is the only permitted user of the Company’s Account.

Credit Extended to the Company. All credit obtained with the Account (and/or Sub- Sub-Accounts if applicable), is deemed to be an extension of credit made to the Company for its benefit and not to or for the benefit of the Authorized Accountholder. The Authorized Accountholder or any Sub-Account is the only permitted user of the Company’s Account.