Common use of ISSUE AND USE OF THE CARD Clause in Contracts

ISSUE AND USE OF THE CARD. We may (at any time and for any reason not prohibited by law such as your failure to comply with this Agreement or our adverse reevaluation of your creditworthiness, or for no reason) reduce your credit limit from time to time, refuse to make an advance, revoke your Card, and/or terminate this Agreement. Any one of you may also terminate this Agreement at any time, and the termination will be effective as to all of you, but termination by either any one of you or us does not affect your obligation to pay the Account balance. Any one of you, on your request alone, may request and receive advances or take any other action regarding your Account. We may release or modify the obligations of any one or more of you for responsibility under this Agreement, and the remainder of you will remain fully responsible hereunder. Upon receipt of the Card(s) you and all other cardholders will sign the signature panel on the back of the Card(s). The Card remains our property, and you must surrender to us (or our agent designated to repossess it) all Cards upon our request and upon termination of this Agreement. If we employ an agent for such repossession, your account will be charged with any related fee.

Appears in 3 contracts

Samples: Credit Card Agreement and Disclosure, Fairwinds Business Rewards, Credit Card Agreement and Disclosure

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ISSUE AND USE OF THE CARD. We may (at any time and for any reason not prohibited by law such as your failure to comply with this Agreement or our adverse reevaluation of your creditworthiness, or for no reason) reduce your credit limit from time to time, refuse to make an advance, revoke your Card, and/or terminate this Agreement. Any one of you may also terminate this Agreement at any time, and the termination will be effective as to all of you, but termination by either any one of you or us does not affect your obligation to pay the Account balance. Any one of you, on your request alone, may request and receive advances or take any other action regarding your Account. We may release or modify the obligations of any one or more of you for youfor responsibility under this Agreement, and the remainder of you will remain fully responsible hereunder. Upon receipt of the Card(s) you and all other cardholders will sign the signature panel on the back of the Card(s). The Card remains our property, and you must surrender to us (or our agent designated to repossess it) all Cards upon our request and upon termination of this Agreement. If we employ an agent for such repossession, your account will be charged with any related fee.

Appears in 1 contract

Samples: Fairwinds Business Rewards Variable

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