Common use of RESPONSIBILITY FOR DEBT Clause in Contracts

RESPONSIBILITY FOR DEBT. You are responsible for the entire debt and applicable interest charged to the account, including all debts contracted by any person to whom you have given implicit or explicit authorization to use the card (including any co-applicant or authorized user of the card). In the event that you or any authorized person signs an invoice or voucher for a cash advance, or gives the account number to make a purchase or to obtain a cash advance without presenting the card (as in the case of a mail, telephone or Internet order), these transactions will be as legally binding as if you had signed the invoice or used the card. You, the co-applicant and each authorized user are solidarily liable for any account balance resulting from the use of the card by either one of you. You, the co- applicant and each authorized user authorize the Bank to apply any funds they have on deposit with the Bank or any of its subsidiaries against any account balance that has not been paid in accordance with the terms and conditions of this agreement.

Appears in 2 contracts

Samples: Agreement, Agreement

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RESPONSIBILITY FOR DEBT. You are responsible for the entire debt and applicable interest charged to the account, including all debts contracted by any person to whom you have given implicit or explicit authorization to use the card (including any co-applicant or authorized user of the card). In the event that you or any authorized person signs an invoice or voucher for a cash advance, or gives the account number to make a purchase or to obtain a cash advance without presenting the card (as in the case of a mail, telephone or Internet order), these transactions will be as legally binding as if you had signed the invoice or used the card. You, the co-applicant and each authorized user are solidarily liable for any account balance resulting from the use of the card by either one of you. You, the co- co-applicant and each authorized user authorize the Bank to apply any funds they have on deposit with the Bank or any of its subsidiaries against any account balance that has not been paid in accordance with the terms and conditions of this agreement.

Appears in 1 contract

Samples: Agreement

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RESPONSIBILITY FOR DEBT. You are responsible for the entire debt Debt and applicable interest charged to the accountAccount, including all debts Debts contracted by any person to whom you have given implicit or explicit authorization to use the card (including any coCo-applicant or authorized user Authorized User of the card). In the event that you or any authorized person signs an invoice or voucher for a cash advanceCash Advance, or gives the account Account number to make a purchase Purchase or to obtain a cash advance Cash Advance without presenting the card (as in the case of a mail, telephone or Internet order), these transactions will be as legally binding as if you had signed the invoice or used the card. You, the co-applicant and each authorized user are solidarily liable for any account balance Account Balance resulting from the use of the card by either one of you. You, the co- Co-applicant and each authorized user Authorized User authorize the Bank to apply any funds they have on deposit with the Bank or any of its subsidiaries against any account balance Account Balance that has not been paid in accordance with the terms and conditions of this agreementAgreement.

Appears in 1 contract

Samples: Agreement

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