Common use of Termination of Card Clause in Contracts

Termination of Card. (a) The Cardmember may at any time by giving reasonable notice in writing to the Bank or by such other method as the Bank may deem appropriate to terminate the Card Accounts. (b) The Principal Cardmember may terminate the use of any Supplementary Card. The Principal Cardmember shall remain liable for the use of such Card until it is returned to the Bank. (c) A Cardmember may also request cancellation of his/her Card by notice to the Bank accompanied by return of a Card. For the avoidance of doubt, Supplementary Cards may be terminated by such supplementary Cardmember by giving reasonable written notice to the Bank accompanied by the return of the Card, duly cut in two or otherwise defaced. (d) For the avoidance of doubt, the Card shall be deemed to be terminated if either sub-accounts in the Card is terminated. (e) A Cardmember's right to use a Card shall be terminated upon termination of this Agreement pursuant to this Clause 17. 17.2 The Bank is entitled at any time and after giving reasonable notice but without giving any reason and without any liability, to terminate a Card Account and to demand immediate payment of the total outstanding balance. 17.3 The Cardmember acknowledges that the Bank may at its sole discretion and without any liability discontinue the use of an affinity or co-brand card upon official notification to its Cardmembers. 17.4 Following the occurrence of Clause 17.2 or 17.3 above, the Cardmember must: (a) Immediately return the Card to the Bank cut in half; and (b) Pay the total outstanding balance in full (including such Card Transaction which was carried out but which had not been debited to the Card Account before the receipt of the Card). The Bank reserves the right to impose late payment charge until all outstanding balances are paid in full. 17.5 In the event of termination for any reason, the Bank may effect refund (if any) in the Card to any account Cardmember maintains with the Bank or issue a cheque and mail the same by ordinary mail to the Cardmember’s last known address with the Bank.

Termination of Card. (a) The Cardmember may at any time by giving reasonable notice in writing to the Bank or by such other method as the Bank may deem appropriate to terminate the Card Accounts. (b) The Principal Cardmember may terminate the use of any Supplementary Card. The Principal Cardmember shall remain liable for the use of such Card until it is returned to the Bank. (c) A Cardmember may also request cancellation of his/her Card by notice to the Bank accompanied by return of a Card. For the avoidance of doubt, Supplementary Cards may be terminated by such supplementary Cardmember by giving reasonable written notice to the Bank accompanied by the return of the Card, duly cut in two or otherwise defaced. (d) For the avoidance of doubt, the Card shall be deemed to be terminated if either sub-accounts in the Card is terminated. (e) A Cardmember's right to use a Card shall be terminated upon termination of this Agreement pursuant to this Clause 1716. 17.2 (a) The Bank is entitled at any time and after giving reasonable notice but without giving any reason and without any liability, to terminate a Card Account and to demand immediate payment of the total outstanding balance. 17.3 16.3 The Cardmember acknowledges that the Bank may at its sole discretion and without any liability discontinue the use of an affinity or co-brand card upon official notification to its Cardmembers. 17.4 16.4 Following the occurrence of Clause 17.2 16.2 or 17.3 16.3 above, the Cardmember must: (a) Immediately return the Card to the Bank cut in half; and (b) Pay the total outstanding balance in full (including such Card Transaction which was carried out but which had not been debited to the Card Account before the receipt of the Card). The Bank reserves the right to impose late payment charge until all outstanding balances are paid in full. 17.5 16.5 In the event of termination for any reason, the Bank may effect refund (if any) in the Card to any account Cardmember maintains with the Bank or issue a cheque and mail the same by ordinary mail to the Cardmember’s last known address with the Bank.

Termination of Card. (a) The Cardmember may at any time by giving reasonable notice in writing to the Bank or by such other method as the Bank may deem appropriate to terminate the Card Accounts. (b) The Principal Cardmember may terminate the use of any Supplementary Card. The Principal Cardmember shall remain liable for the use of such Card until it is returned to the Bank. (c) A Cardmember may also request cancellation of his/her Card by notice to the Bank accompanied by return of a Card. For the avoidance of doubt, Supplementary Cards may be terminated by such supplementary Cardmember by giving reasonable written notice to the Bank accompanied by the return of the Card, duly cut in two or otherwise defaced. (d) For the avoidance of doubt, the Card shall be deemed to be terminated if either sub-accounts in the Card is terminated. (e) A Cardmember's right to use a Card shall be terminated upon termination of this Agreement pursuant to this Clause 17. 17.2 (a) The Bank is entitled at any time and after giving reasonable notice but without giving any reason and without any liability, to terminate a Card Account and to demand immediate payment of the total outstanding balance. 17.3 The Cardmember acknowledges that the Bank may at its sole discretion and without any liability discontinue the use of an affinity or co-brand card upon official notification to its Cardmembers. 17.4 Following the occurrence of Clause 17.2 or 17.3 above, the Cardmember must: (a) Immediately return the Card to the Bank cut in half; and (b) Pay the total outstanding balance in full (including such Card Transaction which was carried out but which had not been debited to the Card Account before the receipt of the Card). The Bank reserves the right to impose late payment charge until all outstanding balances are paid in full. 17.5 In the event of termination for any reason, the Bank may effect refund (if any) in the Card to any account Cardmember maintains with the Bank or issue a cheque and mail the same by ordinary mail to the Cardmember’s last known address with the Bank.

Termination of Card. (a) The Cardmember may at any time by giving reasonable notice in writing to the Bank or by such other method as the Bank may deem appropriate to terminate the Card Accounts. (b) The Principal Cardmember may terminate the use of any Supplementary Card. The Principal Cardmember shall remain liable for the use of such Card until it is returned to the Bank. (c) A Cardmember may also request cancellation of his/her Card by notice to the Bank accompanied by return of a Card. For the avoidance of doubt, Supplementary Cards may be terminated by such supplementary Cardmember by giving reasonable written notice to the Bank accompanied by the return of the Card, duly cut in two or otherwise defaced. (d) For the avoidance of doubt, the Card shall be deemed to be terminated if either sub-accounts in the Card is terminated. (e) A Cardmember's ’s right to use a Card shall be terminated upon termination of this Agreement pursuant to this Clause 1716. 17.2 16.2 The Bank is entitled at any time and after giving reasonable notice but without giving any reason and without any liability, to terminate a Card Account and to demand immediate payment of the total outstanding balance. 17.3 16.3 The Cardmember acknowledges that the Bank may at its sole discretion and without any liability discontinue the use of an affinity or co-brand card upon official notification to its Cardmembers. 17.4 16.4 Following the occurrence of Clause 17.2 16.2 or 17.3 16.3 above, the Cardmember must: (a) Immediately return the Card to the Bank cut in half; and (b) Pay the total outstanding balance in full (including such Card Transaction which was carried out but which had not been debited to the Card Account before the receipt of the Card). The Bank reserves the right to impose late payment charge until all outstanding balances are paid in full. 17.5 16.5 In the event of termination for any reason, the Bank may effect refund (if any) in the Card to any account Cardmember maintains with the Bank or issue a cheque and mail the same by ordinary mail to the Cardmember’s last known address with the Bank.