Common use of DEATH OR BANKRUPTCY Clause in Contracts

DEATH OR BANKRUPTCY. If the Cardmember is deceased AEME will cancel the Card and request the payment of the total amounts outstanding immediately through all available means. If the Cardmember or the Company is adjudicated bankrupt or insolvent AEME may at its ultimate discretion cancel and withdraw the Card or limit and restrict the use of such Cards in addition to any other rights which might be legally available for AEME in these circumstances. AEME may cancel and terminate all credit facilities and request the Cardmember to immediately pay the total amount outstanding on the Card Account even if such amounts were previously deferred.

Appears in 8 contracts

Samples: Corporate Card Cardmember Agreement, Corporate Card Agreement, Cardmember Agreement

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DEATH OR BANKRUPTCY. If the Cardmember is deceased AEME will cancel the Card and request the payment of the total amounts outstanding immediately through all available means. If the Cardmember or the Company is adjudicated bankrupt or insolvent AEME may at its ultimate discretion cancel and withdraw the Card or limit and restrict the use of such Cards in addition to any other rights which might be legally available for AEME in these circumstances. AEME may cancel and terminate all credit facilities and request the Cardmember Company to immediately pay the total amount outstanding on the Card Account even if such amounts were previously deferred.

Appears in 7 contracts

Samples: Corporate Card Agreement, Corporate Card Agreement, Corporate Card Agreement

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DEATH OR BANKRUPTCY. If the Cardmember is deceased AEME will cancel the Card and request the payment of the total amounts outstanding immediately through all available means. If the Cardmember or the Company is adjudicated bankrupt or insolvent AEME may at its ultimate discretion cancel and withdraw the Card or limit and restrict the use of such Cards in addition to any other rights which might be legally available for AEME in these circumstances. AEME may cancel and terminate all credit facilities and request the Cardmember and the Company to immediately pay the total amount outstanding on the Card Account even if such amounts were previously deferred.

Appears in 5 contracts

Samples: Corporate Card Agreement, Corporate Card Cardmember Agreement, Corporate Card Cardmember Agreement

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