Common use of Maximum Credit Amount Clause in Contracts

Maximum Credit Amount. Any use of credit established in Section 2 is subject to a credit limit the amount of which is indicated on the statement of account. This limit may be increased at the Federation’s discretion, if the cardholder makes a request to that effect, or revised downward if the Federation deems it appropriate after having analyzed the cardholder’s file. Any 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 the applicable credit granting standards.

Maximum Credit Amount. Any use of credit established in Section 2 is subject to a credit limit the amount of limit, which is determined by the Federation and indicated on the statement of accountaccount statement. This Either limit may be increased increased, at the Federation’s discretion, if upon request from the cardholder makes a request to that effectcardholder, or revised downward decreased if the Federation 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 the applicable credit granting standards.

Maximum Credit Amount. Any use of credit established in Section 2 is subject to a credit limit the amount of which is indicated on the statement of account. This limit may be increased at the Federation’s discretion, if the cardholder makes a request to that effect, or revised downward if the Federation deems it appropriate after having analyzed xxx- lyzed the cardholder’s file. Any 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 the applicable credit granting standards.