Common use of Issuer of Cards Clause in Contracts

Issuer of Cards. Bank shall be the issuer of Cards and responsible for holding and retaining the Cardholder Funds until such funds are used by Cardholders. As issuer of the Cards, Bank is responsible for preparing and updating the Cardholder Agreement.

Appears in 3 contracts

Samples: Marketer Agreement (Trycera Financial, Inc.), Marketer Agreement (Trycera Financial, Inc.), Marketer Agreement (Trycera Financial, Inc.)

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Issuer of Cards. Bank shall be the issuer of Cards and responsible for holding and retaining the Cardholder Funds until such funds are used by Cardholders, or are payable to Client in accordance with the terms of this Agreement. As issuer of the Cards, Bank is ultimately responsible for the Cardholder Agreement. Bank and Client are mutually responsible for preparing and updating the Cardholder Agreement.

Appears in 1 contract

Samples: Marketer Agreement (Nbo Systems Inc)

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