Common use of Liability for Debt Clause in Contracts

Liability for Debt. Subject to Section 9.2, the Primary Cardholder is liable to Neo for all Debt charged to the Card Account no matter how it is incurred, or who has incurred it and even if the following circumstances occur, unless not authorized by law: (a) it is incurred by any other Cardholder, including any Authorized User; (b) it is incurred through unauthorized use of a Security Credential, Card, Card number, three-digit security code, and other Card Account information, as more fully set out in Section 9.2; (c) the Debt exceeds the Credit Limit; (d) it is incurred by any additional Cardholder who has been authorized by the Primary Cardholder; or (e) a Card is used before its valid date or after its expiry date. The liability of the Primary Cardholder resident in Quebec for all Debt is indivisible and may not be divided amongst their respective heirs.

Liability for Debt. Subject to Section 9.2, the Primary Cardholder Owner is liable to Neo for all Debt charged to the Card Account no matter how it is incurred, or who has incurred it and even if the following circumstances occur, unless not authorized by law: (a) it is incurred by any other Cardholder, including any Authorized User; (b) it is incurred through unauthorized use of a Security Credential, Card, Card number, three-digit security code, and other Card Account information, as more fully set out in Section 9.2; (c) the Debt exceeds the Credit Limit; (d) it is incurred by any additional Cardholder who has been authorized by the Primary CardholderOwner; or (e) a Card is used before its valid date or after its expiry date. The liability of the Primary Cardholder Owner resident in Quebec for all Debt is indivisible and may not be divided amongst their respective heirs.