Common use of DEATH OR BANKRUPTCY Clause in Contracts

DEATH OR BANKRUPTCY. a. In the unfortunate event of a Cardmember’s death, We shall have the right to immediately cancel the Cardmember’s card. Any outstanding dues related to the Cardmember will be settled by the Company. b. In case of the Company’s bankruptcy, all amounts due on the Account shall become payable immediately.

Appears in 5 contracts

Samples: Corporate Card Agreement, Card Member Agreement – Corporate Cards, Card Member Agreement – Corporate Cards

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