Common use of Granting of Credit Clause in Contracts

Granting of Credit. The decision to extend credit to any Applicant under the Program shall be Bank’s decision. Bank shall establish and administer the underwriting and credit decisions for the Program. Applicants deemed qualified by Bank and who desire to use the Program shall be granted an Account by Bank with a credit line in an amount to be determined by Bank in its discretion for each individual applicant. Subject to applicable law, Bank shall determine the terms and conditions of the Account in its sole discretion.

Appears in 4 contracts

Samples: Registration Agreement, Program Registration Agreement, Program Registration Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!