Terms of Use of Card Credit Limit Sample Clauses

Terms of Use of Card Credit Limit. 4.1.14.1. Based on Customer’s Application and upon the receipt of all necessary documents from the Customer, the Bank shall decide whether it is possible to grant a Card Credit Limit to the Customer. By submitting the Application to the Bank the Customer gives their consent for the amount of the Card Credit Limit to be determined by the Bank, as well as the Customer allows the Bank to change the amount of the Card Credit Limit or annul the latter at any time. The Customer may receive information about the granted Card Credit Limit at the Bank or in Privat24 Remote Account Management System, if the Customer is connected thereto. The Bank is entitled to refuse a Card Credit Limit to the Customer without explaining the reasons thereof. 4.1.14.2. A Customer should repay the used amount of a Card Credit Limit and Card Credit Limit Interest to the Bank according to the Regulations, Pricelist and / or provisions of a particular Card Agreement. Should the Customer place a Collateral with the Bank, the Card Credit Limit Repayment Term shall be equal to the term of placement of the Collateral. 4.1.14.3. If the balance of Customer’s Card Account and a Card Credit Limit are not sufficient for payments, which are due and payable to the Bank, the latter shall overdraw the Customer’s Card Credit Limit by debiting such payments according to the Regulations and Pricelist. 4.1.14.4. In case of the overdraft of a Card Credit Limit the Bank is entitled to suspend settlements by Card (to block the Card) and / or deem the Card invalid until such violation is eliminated. 4.1.14.5. The Bank shall calculate and debit the amount of a Card Credit Limit, Card Credit Limit Interest and default interest from Customer’s Card Account. 4.1.14.6. The Bank shall calculate default interest on the overdraft of a Card Credit Limit as of the day when such overdraft occurred until the day when the overdraft amount was credited to the Card Account (including). 4.1.14.7. A Customer is entitled to the reduction or cancellation of a Card Credit Limit by submitting a corresponding written application to the Bank. Based on such Customer’s application, the Bank may change / cancel the Card Credit Limit, provided it does not lead to the negative balance of a Card Account. 4.1.14.8. If the provisions of the use of a Card imply interest on the positive balance of a Card Account, the Bank is entitled to reduce an interest rate on the positive balance of the Card Account notifying a Customer thereof via the...
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