Renminbi Card Account payments. (a) Charges in the Renminbi Card Account shall be settled in Renminbi at any branches of the Bank in Malaysia or by other means as advised by the Bank from time to time. (b) The Bank may (exceptionally but without any obligation) accept Ringgit Malaysia or other foreign currencies for payments to the Renminbi Card Account. (c) In the event of payment in accordance with clause 12.2(b) above, Ringgit Malaysia or foreign currencies will be converted to Renminbi at the exchange rate quoted by the Bank as applicable on the day of conversion. (d) If the amount of Renminbi after conversion from Ringgit Malaysia or other foreign currencies does not cover the total Renminbi outstanding in the Renminbi Card Account, the Account Holder and the Cardmember (to which such Charges in Renminbi relates) shall remain liable for any difference caused by such currency conversion.
Appears in 6 contracts
Samples: Cardmember Agreement, Cardmember Agreement, Cardmember Agreement
