Common use of Holds Clause in Contracts

Holds. When an Authorized User uses the Card to make purchases, we will be notified of the amounts of such purchases. Upon receipt of such notices, you authorize us to debit the line of credit for the amounts required to pay the obligations resulting from the use of the Card. The debit will be for the amount of the transaction, or for the pre-established amount in excess of individual transactions (for example, hotel or car reservations). If the transaction posts to the line of credit before the hold expires, the available balance in the line of credit may be reduced by the amount of the hold and the amount of the transaction. The hold may continue even if an Authorized User does not purchase any goods or services for which authorization was obtained. We reserve the right to decline any card transaction. We may, but are not obligated, to allow transactions which exceed your available credit line. If we do, you agree to pay the same.