Common use of The Card Remains Our Property Clause in Contracts

The Card Remains Our Property. The Card remains our property and you and the Company understand that we can cancel your Card or the Corporate Account at any time. We can do this with or without cause and without giving you notice. If we cancel the Card without cause, we will refund to the Card Member a pro‑rata portion of the annual fee unless otherwise advised by the Company. We may list cancelled Card account numbers in our “Cancellation Bulletin”, or inform parties honouring the Card that the Card issued to you has been cancelled. If we cancel the Card or it expires or if the Corporate Account is cancelled, you or the Company must immediately return the Card to us cut in half upon our request. The Company shall also use its best efforts to promptly notify you of the cancellation and to obtain each cancelled Card from you for return to us cut in half. Also, if any party that accepts the Card asks you to surrender an expired or cancelled Card, you must do so. You may not use the Card after it has expired or after it has been cancelled. You and the Company agree not to hold us liable for any losses or damages, that may arise, from any wrongful cancellation of a Card. You or the Company may request us to cancel the Corporate Account or any Card by returning the Card cut in half to us together with a written request for cancellation. In any event, whether we, you or the Company should cancel the Card or Corporate Account, you and the Company shall remain jointly and severally liable for all Charges incurred until the Card has been returned to us.

Appears in 2 contracts

Samples: Corporate Card Agreement, Corporate Card Agreement

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The Card Remains Our Property. The Card remains our property and you and the Company understand that we can cancel your Card or the Corporate Account at any time. We can do this with or without cause and without giving you notice. If we cancel the Card without cause, we will refund to the Card Member a pro‑rata pro-rata portion of the annual fee unless otherwise advised by the Company. We may list cancelled Card account numbers in our “Cancellation Bulletin”, or inform parties honouring the Card that the Card issued to you has been cancelled. If we cancel the Card or it expires or if the Corporate Account is cancelled, you or the Company must immediately return the Card to us cut in half upon our request. The Company shall also use its best efforts to promptly notify you of the cancellation and to obtain each cancelled Card from you for return to us cut in half. Also, Also if any party that accepts the Card asks you to surrender an expired or cancelled Card, you must do so. You may not use the Card after it has expired or after it has been cancelled. You and the Company agree not to hold us liable for any losses or damages, that may arise, from any wrongful cancellation of a Card. You or the Company may request us to cancel the Corporate Account or any Card by returning the Card cut in half to us together with a written request for cancellation. In any event, whether we, you or the Company should cancel the Card or Corporate Account, you and the Company shall remain jointly and severally liable for all Charges incurred until the Card has been returned to us.

Appears in 2 contracts

Samples: Corporate Card Agreement, Corporate Card Agreement

The Card Remains Our Property. The Card remains our property and you and the Company understand that we can cancel your Card or the Corporate Account at any time. We can do this with or without cause and without giving you notice. If we cancel the Card without cause, we will may refund to the Card Member a pro‑rata pro-rata portion of the annual fee unless otherwise advised by the Company. We may list cancelled Card account numbers in our “Cancellation Bulletin”, or inform parties honouring the Card that the Card issued to you has been cancelled. If we cancel the Card or it expires or if the Corporate Account is cancelled, you or the Company must immediately return the Card to us cut in half upon our requestdestroy it at once. The Company shall also use its best efforts to promptly notify you of the cancellation and to obtain each cancelled Card from you for return to us cut in half. Also, if You must hand it over to any Merchant which so requests or to any third party that accepts the Card asks you to surrender an expired or cancelled Card, you must do sowe nominate. You may not use the Card after it has expired or after it has been cancelled. You and the Company agree not to hold us liable for any losses or damages, that may arise, from any wrongful cancellation of a Card. You Either you or the Company may request us to at any time cancel the Corporate Account or any Card by returning the Card cut in half issued to us together with a written request for cancellationyou. In any event, whether we, Your cancellation will not be effective until you or the Company should cancel notify us in writing and we acknowledge receipt of the Card or Corporate Account, notification. On cancellation you and must destroy the Card. The Company shall will remain jointly and severally liable for all Charges incurred until before the Card has been returned to usis destroyed. The Card will be cancelled upon termination of your employment.

Appears in 2 contracts

Samples: Corporate Account Agreement, Corporate Account Agreement

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The Card Remains Our Property. The Card remains our property and you and the Company understand that we can cancel your Card or the Corporate Account at any time. We can do this with or without cause and without giving you notice. If we cancel the Card without cause, we will may refund to the Card Member a pro‑rata pro-rata portion of the annual fee unless otherwise advised by the Company. We may list cancelled Card account numbers in our “Cancellation Bulletin”, or inform parties honouring the Card that the Card issued to you has been cancelled. If we cancel the Card or it expires or if the Corporate Account is cancelled, you or the Company must immediately return the Card to us cut in half upon our requestdestroy it at once. The Company shall also use its best efforts to promptly notify you of the cancellation and to obtain each cancelled Card from you for return to us cut in half. Also, if You must hand it over to any Merchant which so requests or to any third party that accepts the Card asks you to surrender an expired or cancelled Card, you must do sowe nominate. You may not use the Card after it has expired or after it has been cancelled. You and the Company agree not to hold us liable for any losses or damages, that may arise, from any wrongful cancellation of a Card. You Either you or the Company may request us to at any time cancel the Corporate Account or any Card by returning the Card cut in half issued to us together with a written request for cancellationyou. In any event, whether we, Your cancellation will not be effective until you or the Company should cancel notify us in writing and we acknowledge receipt of the Card or Corporate Account, notification. On cancellation you and must destroy the Card. You and/or the Company shall will remain jointly and severally liable for all Charges incurred until before the Card has been returned to usis destroyed. The Card will be cancelled upon termination of your employment.

Appears in 1 contract

Samples: Corporate Card Agreement

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