Common use of Facility Limit Clause in Contracts

Facility Limit. 7.1 The Bank shall assign a Facility Limit to the Card-i Account. Where a Cardholder operates two or more card-i, the Bank may assign separate Facility Limit (sub-limit) to each Card-i which differs from the Facility Limit (sub-limit) assigned to the Organisation and/or Cardholder under Clause 2.1. 7.2 Where the Organisation operates two or more Card-i with BSN, a combined Facility Limit will be assigned to all Card Accounts representing the overall facility limit granted to cover the use of all Cards held by the Cardholder. 7.3 The Organisation and/or Cardholder hereby undertake to observe the Facility Limit and not to cause the aggregate sum of his obligations under the Card-i Account at any Billing Period to exceed his Facility Limit. In this respect, it is expressly agreed by the Organisation and/or Cardholder that the Bank shall be under no duty or obligation whatsoever to ensure that the Organisation and/or Cardholder’s Facility Limit is not exceeded. 7.4 The Organisation and/or Cardholder shall not exceed the Facility Limit and shall make good any excess thereof immediately upon receipt of the Statement and/or to such other notices by BSN showing such excess. The Organisation and/or Cardholder further undertake not to affect any purchases or transactions within or outside Malaysia which may cause the Facility Limit to be exceeded in aggregate. 7.5 Where Supplementary Card(s) have been issued, and where a prescribed Facility Limit is assigned and is made known to the Supplementary Cardholder, such prescribed Facility Limit shall constitute the Facility Limit common to and shared by all the aforementioned Cards in aggregate. 7.6 BSN shall obtain the Organisation’s acceptance before any increase in Facility Limit. Notwithstanding the aforesaid, BSN reserves its right to reduce the Facility Limit at any time due to the Organisation’s poor credit performance and/or difficulty in meeting repayments and/or any other circumstances that BSN deems fit. 7.7 Notwithstanding the aforesaid, the Organisation shall remain and be liable for all Cardholder’s liabilities including but not limited to all purchases, and transactions exceeding such Facility Limit. In amplification and not in derogation of the aforesaid, BSN is not duty bound in any way whatsoever to ensure that the Facility Limit is not exceeded by the Cardholder. 7.8 The Cardholder shall not be entitled under any circumstances to demand that the prescribed Facility Limit or the unutilised Facility Limit be made available by BSN for the Cardholder's use. BSN shall not be under any obligation either at law or in equity to make or continue to make available the prescribed Facility Limit or the unutilised prescribed Facility Limit for utilisation by the Cardholder. 7.9 The availability or continuation of the Facility Limit extended to the Organisation and/or Cardholder is subject to reviews which may be undertaken by BSN from time to time or at any time. 7.10 In addition and without prejudice to any of BSN’s other rights contained in this Agreement, following BSN’s aforementioned review BSN shall give adequate prior notice to the Organisation and/or Cardholder and without any obligation whether at law or in equity to give any reasons therefore to vary or amend the prescribed Facility Limit of the Organisation and/or Cardholder, particularly if there is a reduction in the prescribed Facility Limit. 7.11 BSN may (but shall not be obliged) at any time and from time to time contact the Cardholder to validate a transaction carried out on the Card-i as a measure to prevent any possible unauthorised use of the Card-i. In the event that BSN is unable to contact the Cardholder, BSN may (but shall not be obliged) decline the transaction without liability to BSN. In the event BSN permits the transaction to be carried out, the Organisation shall remain liable for the charges and/or debts incurred and/or monies withdrawn.

Facility Limit. 7.1 13.1 The Bank shall assign a Facility Limit to the Card-i Account. Where a Cardholder operates two or more card-i, the Bank may assign separate Facility Limit (sub-limit) to each Card-i which differs from the Facility Limit (sub-limit) assigned to the Organisation and/or Cardholder under Clause 2.1. 7.2 Where the Organisation operates two or more Card-i with BSN, a combined Facility Limit will be assigned to all Card Accounts representing the overall facility limit granted to cover the use of all Cards held by the Cardholder. 7.3 The Organisation and/or Cardholder hereby undertake to observe the Facility Limit and not to cause the aggregate sum of his obligations under the Card-i Account at any Billing Period to exceed his Facility Limit. In this respect, it is expressly agreed by the Organisation and/or Cardholder that the Bank shall be under no duty or obligation whatsoever to ensure that the Organisation and/or Cardholder’s Facility Limit is not exceeded. 7.4 The Organisation and/or Cardholder shall not exceed the Facility Limit and shall make good any excess thereof immediately upon receipt of the Statement and/or to such other notices by BSN showing such excess. The Organisation and/or Cardholder further undertake undertakes not to affect any purchases or transactions within or outside Malaysia which may cause the Facility Limit to be exceeded in aggregate. 7.5 13.2 Where Supplementary Card(s) have been issued, and where a prescribed Facility Limit is assigned and is made known to the Supplementary Cardholder, such prescribed Facility Limit shall constitute the Facility Limit common to and shared by all the aforementioned Cards in aggregate. 7.6 13.3 BSN shall obtain the OrganisationCardholder’s acceptance before any increase in Facility Limit. Notwithstanding the aforesaid, BSN reserves its right to reduce the Facility Limit at any time due to the OrganisationCardholder’s poor credit performance and/or difficulty in meeting repayments and/or any other circumstances that BSN deems fit. 7.7 13.4 Notwithstanding the aforesaid, the Organisation Cardholder shall remain and be liable for all Cardholder’s his liabilities including but not limited to all purchases, Cash Advances and transactions exceeding such Facility Limit. In amplification and not in derogation of the aforesaid, BSN is not duty bound in any way whatsoever to ensure that the Facility Limit is not exceeded by the Cardholder. 7.8 13.5 The Cardholder shall not be entitled under any circumstances to demand that the prescribed Facility Limit or the unutilised prescribed Facility Limit be made available by BSN for the Cardholder's use. BSN shall not be under any obligation either at law or in equity to make or continue to make available the prescribed Facility Limit or the unutilised prescribed Facility Limit for utilisation by the Cardholder. 7.9 13.6 The availability or continuation of the prescribed Facility Limit extended to the Organisation and/or Cardholder is subject to reviews which may be undertaken by BSN from time to time or at any time. 7.10 13.7 In addition and without prejudice to any of BSN’s other rights contained in this Agreement, following BSN’s aforementioned review BSN shall give adequate prior notice to the Organisation and/or Cardholder and without any obligation whether at law or in equity to give any reasons therefore to vary or amend the prescribed Facility Limit of the Organisation and/or Cardholder, particularly if there is a reduction in the prescribed Facility Limit. 7.11 13.8 BSN may (but shall not be obliged) at any time and from time to time contact the Cardholder to validate a transaction carried out on the Card-i as a measure to prevent any possible unauthorised use of the Card-i. In the event that BSN is unable to contact the Cardholder, BSN may (but shall not be obliged) decline the transaction without liability to BSN. In the event BSN permits the transaction to be carried out, the Organisation Cardholder shall remain liable for the charges and/or debts incurred and/or monies withdrawn.

Facility Limit. 7.1 The Bank shall assign a Facility Limit to the Card-i Account. Where a Cardholder operates two or more card-i, the Bank may assign separate Facility Limit (sub-limit) to each Card-i which differs from the Facility Limit (sub-limit) assigned to the Organisation and/or Cardholder under Clause 2.1. 7.2 Where the Organisation operates two or more Card-i with BSN, a combined Facility Limit will be assigned to all Card Accounts representing the overall facility limit granted to cover the use of all Cards held by the Cardholder. 7.3 The Organisation and/or Cardholder hereby undertake to observe the Facility Limit and not to cause the aggregate sum of his obligations under the Card-i Account at any Billing Period to exceed his Facility Limit. In this respect, it is expressly agreed by the Organisation and/or Cardholder that the Bank shall be under no duty or obligation whatsoever to ensure that the Organisation and/or Cardholder’s Facility Limit is not exceeded. 7.4 The Organisation and/or Cardholder shall not exceed the Facility Limit and shall make good any excess thereof immediately upon receipt of the Statement and/or to such other notices by BSN showing such excess. The Organisation and/or Cardholder further undertake not to affect any purchases or transactions within or outside Malaysia which may cause the Facility Limit to be exceeded in aggregate. 7.5 Where Supplementary Card(s) have been issued, and where a prescribed Facility Limit is assigned and is made known to the Supplementary Cardholder, such prescribed Facility Limit shall constitute the Facility Limit common to and shared by all the aforementioned Cards in aggregate. 7.6 BSN shall obtain the Organisation’s acceptance before any increase in Facility Limit. Notwithstanding the aforesaid, BSN reserves its right to reduce the Facility Limit at any time due to the Organisation’s poor credit performance and/or difficulty in meeting repayments and/or any other circumstances that BSN deems fit. 7.7 Notwithstanding the aforesaid, the Organisation shall remain and be liable for all Cardholder’s liabilities including but not limited to all purchases, and transactions exceeding such Facility Limit. In amplification and not in derogation of the aforesaid, BSN is not duty bound in any way whatsoever to ensure that the Facility Limit is not exceeded by the Cardholder. 7.8 The Cardholder shall not be entitled under any circumstances to demand that the prescribed Facility Limit or the unutilised Facility Limit be made available by BSN for the Cardholder's use. BSN shall not be under any obligation either at law or in equity to make or continue to make available the prescribed Facility Limit or the unutilised prescribed Facility Limit for utilisation by the Cardholder. 7.9 The availability or continuation of the Facility Limit extended to the Organisation and/or Cardholder is subject to reviews which may be undertaken by BSN from time to time or at any time. 7.10 In addition and without prejudice to any of BSN’s other rights contained in this Agreement, following BSN’s aforementioned review BSN shall give adequate prior notice to the Organisation and/or Cardholder and without any obligation whether at law or in equity to give any reasons therefore to vary or amend the prescribed Facility Limit of the Organisation and/or Cardholder, particularly if there is a reduction in the prescribed Facility Limit. 7.11 BSN may (but shall not be obliged) at any time and from time to time contact the Cardholder to validate a transaction carried out on the Card-i as a measure to prevent any possible unauthorised use of the Card-i. In the event that BSN is unable to contact the Cardholder, BSN may (but shall not be obliged) decline the transaction without liability to BSN. In the event BSN permits the transaction to be carried out, the Organisation shall remain liable for the charges and/or debts incurred and/or monies withdrawnmonieswithdrawn.