Common use of Entitlements of the Bank Clause in Contracts

Entitlements of the Bank. upon Cancellation of the Card (a) Upon cancellation of the Card either by the Bank or the Cardholder, all monies owing to the Bank shall become due and payable immediately. The Cardholder must settle in full all monies due and outstanding in the Card Account upon demand by the Bank. Failure to do so shall entitle the Bank to take any action at any time as deemed necessary to recover the said monies, together with the applicable fees and charges pursuant to Clause 5. No inaction or delay on the part of the Bank shall be considered as waiver of the Bank’s rights to exercise its rights under this Agreement. (b) In furtherance to Clause 8.3 (a) above, the Bank shall also be entitled: i. to close the Card Account; ii. to suspend or cancel any other existing or active cards facility(ies) granted by the Bank or under AmBank Group to the Cardholder or Supplementary Cardholder as long as there are any unpaid outstanding debts due from the cancelled Card or remaining in the Card Account; iii. to exercise its right to set-off pursuant to Clause 11 (h); and/or iv. to place the Card Number on the Cancellation Bulletin and circulate it to all Merchants and/or Mastercard/Visa Member Banks.

Entitlements of the Bank. upon Cancellation of the Card (a) Upon cancellation of the Card either by the Bank or the Cardholder, all monies owing to the Bank shall become due and payable immediately. The Cardholder must settle in full all monies due and outstanding in the Card Account upon demand by the Bank. Failure to do so shall entitle the Bank to take any action at any time as deemed necessary to recover the said monies, together with the applicable fees and charges pursuant to Clause 5. No inaction or delay on the part of the Bank shall be considered as waiver of the Bank’s rights to exercise its rights under this Agreement. (b) In furtherance to paragraph Clause 8.3 (a) above, the Bank shall also be entitled: i. to close the Card Account; ii. to suspend or cancel any other existing or active cards card facility(ies) granted by the Bank or under AmBank Group to the Cardholder or Supplementary Cardholder as long as there are any unpaid outstanding debts due from the cancelled Card or remaining in the Card Account; iii. to exercise its right to set-off pursuant to Clause 11 (h); and/or iv. to place the Card Number on the Cancellation Bulletin and circulate it to all Merchants and/or Mastercard/UnionPay/Visa Member Banks.

Entitlements of the Bank. upon Cancellation of the Card (a) Upon cancellation of the Card either by the Bank or the CardholderCorporation, all monies owing to the Bank shall become due and payable immediately. The Cardholder Corporation must settle in full all monies due and outstanding in the Card Account upon demand by the Bank. Failure to do so shall entitle the Bank to take any action at any time as deemed necessary to recover the said monies, together with the applicable fees and charges pursuant to Clause 5. No inaction or delay on the part of the Bank shall be considered as waiver of the Bank’s rights to exercise its rights under this Agreement. (b) In furtherance to paragraph Clause 8.3 (a8.3(a) above, the Bank shall also be entitled: i. to close the Card Account; ii. to suspend or cancel any other existing or active cards card facility(ies) granted by the Bank or under AmBank Group to the Cardholder or Supplementary Cardholder Corporation as long as there are any unpaid outstanding debts due from the cancelled Card or remaining owed in the Card Account; iii. to exercise its right to set-off pursuant to Clause 11 (h); and/or iv. to place the Card Number of any or all of the Cards on the Cancellation Bulletin and circulate it to all Merchants and/or Mastercard/Visa Member Banks.

Entitlements of the Bank. upon Cancellation of the Card (a) Upon cancellation of the Card either by the Bank or the CardholderCorporation, all monies owing to the Bank shall become due and payable immediately. The Cardholder Corporation must settle in full all monies due and outstanding in the Card Account upon demand by the Bank. Failure to do so shall entitle the Bank to take any action at any time as deemed necessary to recover the said monies, together with the applicable fees and charges pursuant to Clause 5. No inaction or delay on the part of the Bank shall be considered as waiver of the Bank’s rights to exercise its rights under this Agreement. (b) In furtherance to paragraph Clause 8.3 (a8.3(a) above, the Bank shall also be entitled: i. to close the Card Account; ii. to suspend or cancel any other existing or active cards card facility(ies) granted by the Bank or under AmBank Group to the Cardholder or Supplementary Cardholder Corporation as long as there are any unpaid outstanding debts due from the cancelled Card or remaining owed in the Card Account; iii. to exercise its right to set-off pursuant to Clause 11 (h); and/or iv. to place the Card Number of any or all of the Cards on the Cancellation Bulletin and circulate it to all Merchants and/or Mastercard/Visa Mastercard Member Banks.

Entitlements of the Bank. upon Cancellation of the Card (a) Upon cancellation of the Card either by the Bank or the CardholderCardmember, all monies owing to the Bank shall become due and payable immediately. The Cardholder Cardmember must settle in full all monies due and outstanding in the Card Account upon demand by the Bank. Failure to do so shall entitle the Bank to take any action at any time as deemed necessary to recover the said monies, together with the applicable fees and charges pursuant to Clause 5. No inaction or delay on the part of the Bank shall be considered as waiver of the Bank’s rights to exercise its rights under this Agreement. (b) In furtherance to paragraph Clause 8.3 (a) above, the Bank shall also be entitled: i. to close the Card Account; ii. to suspend or cancel any other existing or active cards card facility(ies) granted by the Bank or under AmBank Group to the Cardholder Cardmember or Supplementary Cardholder Cardmember as long as there are any unpaid outstanding debts due from the cancelled Card or remaining in the Card Account; iii. to exercise its right to set-off pursuant to Clause 11 (h); and/or iv. to place the Card Number on the Cancellation Bulletin and circulate it to all Merchants and/or MastercardMasterCard/Visa VISA Member Banks.