Common use of RENEWAL OF THE CARD Clause in Contracts

RENEWAL OF THE CARD. 28.1 Upon the expiry of the validity period of the Card, BSN may issue the Cardholder a new replacement Card which is valid for the same period as the validity period of the original Card. BSN may refuse to issue a new replacement Card without having to assign any reason whatsoever. 28.2 In the event that a new Card is issued, the whole Outstanding Balance and all other debit entries constituting the Outstanding Balance in the Card Account shall be transferred to the new Card Account.

Appears in 2 contracts

Samples: Cardholder Agreement, Cardholder Agreement

AutoNDA by SimpleDocs

RENEWAL OF THE CARD. 28.1 i 29.1 Upon the expiry of the validity period of the Card-i, BSN may issue the Cardholder a new replacement Card Card-i which is valid for the same period as the validity period of the original Card. -i. However, BSN may reserve its right to refuse to issue a new replacement Card Card-i without having to assign any reason whatsoever. 28.2 29.2 In the event that a new Card Card-i is issued, the whole Outstanding Balance and all other debit entries constituting the Outstanding Balance in the Card Card-i Account shall be transferred to the new Card Card-i Account.

Appears in 1 contract

Samples: Cardholder Agreement

AutoNDA by SimpleDocs

RENEWAL OF THE CARD. 28.1 Upon the expiry of the validity period of the Card, BSN may issue the Cardholder a new replacement Card which is valid for the same period as the validity period of the original Card. BSN may refuse to issue toissue a new replacement Card without having to assign any reason whatsoever. 28.2 In the event that a new Card is issued, the whole Outstanding Balance and all other debit entries constituting the Outstanding Balance in the Card Account shall be transferred to the new Card Account.

Appears in 1 contract

Samples: Cardholder Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!