Common use of Supplementary Card Clause in Contracts

Supplementary Card. (i) At the request of the Principal Cardmember, the Bank may at its absolute discretion issue a Supplementary Card to any person nominated by the Principal Cardmember. (ii) The Supplementary Cardmember shall be bound by the same terms and conditions contained in this Agreement. (iii) The Supplementary Cardmember is liable only for such part of the outstanding balance in connection with his/her Supplementary Card. The Principal Cardmember is ultimately liable for all the outstanding balance incurred in connection with the Principal Cardmember’s Card and is jointly and severally liable with each Supplementary Cardmember for the outstanding balance incurred in connection with all Supplementary Card even if the Credit Limit has been exceeded. (iv) All Supplementary Cards issued shall be cut in halves and returned to the Bank upon termination of this Agreement. (v) Save as otherwise expressly stated herein, the liability of the Principal Cardmember and Supplementary Cardmember to the Bank in respect of any Card issued is on full indemnity basis and this indemnity exists notwithstanding any legal limitation, disability or incapacity of the Principal Cardmember and/ or any Supplementary Cardmember.

Supplementary Card. (i) At the request of the Principal Cardmember, the Bank may at its absolute discretion issue a Supplementary Card to any person nominated by the Principal Cardmember. (ii) The Supplementary Cardmember shall be bound by the same terms and conditions contained in this Agreement. (iii) The Supplementary Cardmember is liable only for such part of the outstanding balance in connection with his/her Supplementary Card. The Principal Cardmember is ultimately liable for all the outstanding balance incurred in connection with the Principal Cardmember’s Card and is jointly and severally liable with each Supplementary Cardmember for the outstanding balance incurred in connection with all Supplementary Card even if the Credit Limit has been exceeded. (iv) All Supplementary Cards issued shall be cut in halves and returned to the Bank upon termination of this Agreement. (v) Save as otherwise expressly stated herein, the liability of the Principal Cardmember and Supplementary Cardmember to the Bank in respect of any Card issued is on full indemnity basis and this indemnity exists notwithstanding any legal limitation, disability or incapacity of the Principal Cardmember and/ or and/or any Supplementary Cardmember.