Common use of Exclusion and Limitation of Liability Clause in Contracts

Exclusion and Limitation of Liability. 10.1 The Bank shall not be held liable for any loss or damage suffered by the Cardmember arising out of the services offered at the SSTs and POS Terminal being unavailable. 10.2 The Bank shall not be held liable for any loss or damage if a wrong Account number is keyed in by the Cardmember in the course of utilizing the services offered at the SSTs and POS Terminal. 10.3 The Bank will not affect any payment order or instruction unless there is sufficient balance in the Cardmember’s Account on the payment order or instruction date and shall not be liable for any loss or damage arising therefore. The Account balance shall exclude unclear cheque(s) or remittances not received. All payment order or instruction will be void if the Cardmember’s Account is closed. 10.4 The Cardmember shall accept full responsibility for all Transactions made by the use of the Card. Transactions via the Card shall be deemed to be cash withdrawal transactions and the Cardmember hereby authorised the Bank to debit his Account for the total amount of the bills incurred by the use of the Card. 10.5 The Cardmember agrees to authorise the Bank to debit the Account, at any time without further notice to the Cardmember, with all fees, charges and commissions imposed on the Card and/or the Transactions and/or under these Terms and Conditions. If such debiting causes the Account to be overdrawn, the Cardmember agrees that the Bank may impose overdrawn interest at such rate the Bank deems fit and appropriate against the overdrawn sum.

Exclusion and Limitation of Liability. 10.1 The Bank shall not be held liable for any loss or damage suffered by the Cardmember arising out of the services offered at the SSTs and POS Terminal being unavailable. 10.2 The Bank shall not be held liable for any loss or damage if a wrong Account number is keyed in by the Cardmember in the course of utilizing the services offered at the SSTs and POS Terminal. 10.3 The Bank will not affect any payment order or instruction unless there is sufficient balance in the Cardmember’s Account on the payment order or instruction date and shall not be liable for any loss or damage arising therefore. The Account balance shall exclude unclear cheque(s) or remittances not received. All payment order or instruction will be void if the Cardmember’s Account is closed. 10.4 The Cardmember shall accept full responsibility for all Transactions made by the use of the Card. Transactions via the Card shall be deemed to be cash withdrawal transactions and the Cardmember hereby authorised the Bank to debit his Account for the total amount of the bills incurred by the use of the Card. 10.5 The Cardmember agrees to authorise the Bank to debit the Account, at any time without further notice to the Cardmember, with all fees, charges charges, commissions and commissions tax (including but not limited to GST) imposed on the Card and/or the Transactions and/or under these Terms and Conditions. If such debiting causes the Account to be overdrawn, the Cardmember agrees that the Bank may impose overdrawn interest at such rate the Bank deems fit and appropriate against the overdrawn sum.