Common use of MAXIMUM AMOUNT OF CREDIT Clause in Contracts

MAXIMUM AMOUNT OF CREDIT. Any use of credit established in Section 2 is subject to a credit limit, which is indicated on every statement of account. Separate credit limits may be established for equal instalments financing, multiple purchases by equal instalments or deferred payment financing, upon request from the cardholder. Any and all credit limits may be increased, at Xxxxxxxxxx Group’s discretion, upon request from the cardholder, or decreased if Xxxxxxxxxx Group deems it appropriate after having analyzed the cardholder’s file. Any cash advance, cheque or purchase which results in the applicable credit limit being exceeded shall be regarded as a request to increase the credit limit to the maximum amount that can then be granted to the cardholder, taking into consideration Xxxxxxxxxx Group’s applicable credit granting standards. Xxxxxxxxxx Group has no obligation to allow the cardholder to exceed his credit limit, even if it has done so in the past. The cardholder understands that Xxxxxxxxxx Group may decide not to authorize any transaction that will result in the cardholder’s credit limit being exceeded or that takes place after the credit limit has been exceeded. The cardholder is liable for the entire balance, whether or not it exceeds the credit limit. The cardholder agrees to repay forthwith on demand any amount that exceeds the credit limit.

MAXIMUM AMOUNT OF CREDIT. Any use of credit established in Section 2 is subject to a credit limit, which is established by Xxxxxxxxxx Group and indicated on every statement of account. Separate credit limits may be established for equal instalments financing, multiple purchases by equal instalments or deferred payment financing, upon request from the cardholder. Any and all credit limits may be increased, at Xxxxxxxxxx Group’s discretion, upon request from the cardholder, or decreased if Xxxxxxxxxx Group deems it appropriate after having analyzed the cardholder’s file. Any cash advance, cheque or purchase which results in the applicable credit limit being exceeded shall be regarded as a request to increase the credit limit to the maximum amount that can then be granted to the cardholder, taking into consideration Xxxxxxxxxx Group’s applicable credit granting standards. Xxxxxxxxxx Group has no obligation to allow the cardholder to exceed his its credit limit, even if it has done so in the past. The cardholder understands that Xxxxxxxxxx Group may decide not to authorize any transaction that will result in the cardholder’s credit limit being exceeded or that takes place after the credit limit has been exceeded. The cardholder is liable for the entire balance, whether or not it exceeds the credit limit. The cardholder agrees to repay forthwith on demand any amount that exceeds the credit limit.

MAXIMUM AMOUNT OF CREDIT. Any use of credit established in Section 2 is subject to a credit limit, which is indicated on every statement of accountaccount statement. Separate credit limits may be established for equal instalments financing, multiple purchases by equal instalments or deferred payment financing, upon request from the cardholder. Any and all credit limits Either limit may be increased, at Xxxxxxxxxx Group’s discretion, upon request from the cardholder, or decreased if Xxxxxxxxxx Desjardins Group deems it appropriate after having analyzed analyzing the cardholder’s file. Any cash advance, cheque or purchase which results in the applicable credit limit being exceeded shall be regarded as a request to increase the credit limit to the maximum amount that can then be granted to the cardholder, taking into consideration Xxxxxxxxxx Group’s the applicable credit granting standards. Xxxxxxxxxx Group has no obligation to allow the cardholder to exceed his credit limit, even if it has done so in the past. The cardholder understands that Xxxxxxxxxx Group may decide not to authorize any transaction that will result in the cardholder’s credit limit being exceeded or that takes place after the credit limit has been exceeded. The cardholder is liable for the entire balance, whether or not it exceeds the credit limit. The cardholder agrees to repay forthwith on demand any amount that exceeds the credit limit.