Common use of Liability for Debt Clause in Contracts

Liability for Debt. Except as otherwise set out in this Agreement and, for Avion Visa Infinite Business, Avion Visa Business, Visa Business and Visa Business Gold Accounts only, except as may otherwise be provided under the Liability Waiver Program, the Applicant, together with each Owner, will be jointly and severally (in Quebec, solidarily) liable to us for all Debt charged to the Account, no matter how it is incurred or who has incurred it and even though we may send Account Statements to Cardholders and not to any of you. However, we will provide Account Statement(s) or other information about that Debt to any of you at the request of any Owner or Signing Authority. The Applicant, together with each Owner, will also be jointly and severally (in Quebec, solidarily) liable to us for everything else you have agreed to with us in this Agreement. An Owner will continue to be liable for the Debt as long as the Owner’s name appears on this Agreement. If there is any change to the ownership or structure of the Applicant including, but not limited to, if an Owner ceases to be an owner, it is your responsibility to notify us as a new Agreement may need to be signed. We may apply any money the Applicant or an Owner has on deposit with us or any of our affiliates against any Debt you owe us. We can apply the money on deposit against any Debt without notice to you or any of you.

Appears in 1 contract

Samples: www.rbcroyalbank.com

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Liability for Debt. Except as otherwise set out in this Agreement and, for Avion Visa Infinite Business, Avion Visa Business, Visa Business and Visa Business Gold Accounts card products only, except as may otherwise be provided under the Liability Waiver Program, the Applicant, together with each Owner, will be are jointly and severally (in Quebec, solidarily) liable to us for all Debt charged to the Account, no matter how it is incurred or who has incurred it it, and even though we may send Account Statements to Cardholders and not to any of you. However, we We will however provide Account Statement(s) or other information about that Debt to any of you at the request of any Owner or Signing Authority. The Applicant, Applicant together with each Owner, will Owner are also be jointly and severally (in Quebec, solidarily) liable to us for everything else you have agreed to with us in this Agreement. For greater certainty, a Cardholder who is not an Owner is not responsible to us for the payment of any Debt, and is not bound by the provisions in this Agreement relating to the repayment of such Debt. In other words, a Cardholder who is not an Owner is not entering into a credit agreement with us. An Owner will continue to be liable for the Debt as long as the Owner’s name appears on this Agreement. If there is any change to the ownership or structure of the Applicant includingApplicant, but not limited to, including if an Owner ceases to be an owner, it is your responsibility to notify us as a new Agreement may need to be signedsigned or entered into. We may apply any money the Applicant or an Owner has on deposit with us or with any of our affiliates against any Debt you owe us. We can apply the money on deposit against any Debt without prior notice to you or any of you.

Appears in 1 contract

Samples: www.rbcroyalbank.com

Liability for Debt. Except as otherwise set out in this Agreement and, for Avion Visa Infinite Business, Avion Visa BusinessPlatinum Avion, Visa Business and Visa Business Gold Accounts only, except as may otherwise be provided under the Liability Waiver Program, the Applicant, together with each Owner, will be jointly and severally (in Quebec, solidarily) liable to us for all Debt charged to the Account, no matter how it is incurred or who has incurred it and even though we may send Account Statements to Cardholders and not to any of you. However, we will provide Account Statement(s) or other information about that Debt to any of you at the request of any Owner or Signing Authority. The Applicant, together with each Owner, will also be jointly and severally (in Quebec, solidarily) liable to us for everything else you have agreed to with us in this Agreement. An Owner will continue to be liable for the Debt as long as the Owner’s name appears on this the Agreement. If there is any change to the ownership or structure of the Applicant including, but not limited to, if an Owner ceases to be an owner, it is your responsibility to notify us as a new Agreement may need to be signed. We may apply any money the Applicant or an Owner has on deposit with us or any of our affiliates against any Debt you owe us. We can apply the money on deposit against any Debt without notice to you or any of you.

Appears in 1 contract

Samples: Card Agreement

Liability for Debt. Except as otherwise set out in this Agreement and, for Avion Visa Infinite Business, Avion Visa Business, Visa Business and Visa Business Gold Accounts card products only, except as may otherwise be provided under the Liability Waiver Program, the Applicant, together with each Owner, will be are jointly and severally (in Quebec, solidarily) liable to us for all Debt charged to the Account, no matter how it is incurred or who has incurred it it, and even though we may send Account Statements to Cardholders and not to any of you. However, we will provide Account Statement(s(…) or other information about that Debt to any of you at the request of any Owner or Signing Authority. The Applicant, Applicant together with each Owner, will Owner are also be jointly and severally (in Quebec, solidarily) liable to us for everything else you have agreed to with us in this Agreement. (…) An Owner will continue to be liable for the Debt as long as the Owner’s name appears on this Agreement. If there is any change to the ownership or structure of the Applicant includingApplicant, but not limited to, including if an Owner ceases to be an owner, it is your responsibility to notify us as a new Agreement may need to be signedsigned or entered into. We may apply any money the Applicant or an Owner has on deposit with us or with any of our affiliates against any Debt you owe us. We can apply the money on deposit against any Debt without prior notice to you or any of you.

Appears in 1 contract

Samples: www.rbcroyalbank.com

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Liability for Debt. Except as otherwise set out in this Agreement and, for Avion Visa Infinite Business, Avion Visa BusinessPlatinum Avion, Visa Business and Visa Business Gold Accounts only, except as may otherwise be provided under the Liability Waiver Program, the Applicant, together with each Owner, will be jointly and severally (in Quebec, solidarily) liable to us for all Debt charged to the Account, no matter how it is incurred or who has incurred it and even though we may send Account Statements to Cardholders and not to any of you. However, we will provide Account Statement(s) or other information about that Debt to any of you at the request of any Owner or Signing Authority. The Applicant, together with each Owner, will also be jointly and severally (in Quebec, solidarily) liable to us for everything else you have agreed to with us in this Agreement. An Owner will continue to be liable for the Debt as long as the Owner’s name appears on this Agreement. If there is any change to the ownership or structure of the Applicant including, but not limited to, if an Owner ceases to be an owner, it is your responsibility to notify us as a new Agreement may need to be signed. We may apply any money the Applicant or an Owner has on deposit with us or any of our affiliates against any Debt you owe us. We can apply the money on deposit against any Debt without notice to you or any of you.

Appears in 1 contract

Samples: www.rbcroyalbank.com

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