Common use of No Obligation to Extend Credit Clause in Contracts

No Obligation to Extend Credit. Customer’s ability within the Service to issue or terminate the issuance of any Card and to control spending limits or payments on any Cards does not represent the extension of credit by Bank to Customer nor does it obligate Bank in any way to extend credit to Customer. Customer acknowledges that the Service is simply a self-service tool extended by Bank for Customer’s convenience, and the establishment and maintenance of Customer’s Company Credit Limit is governed solely by a separately executed credit application.