Common use of The Card Clause in Contracts

The Card. 2.1 The Card is and will be, at all times, the property of the Bank and must be surrendered to the Bank immediately upon request by the Bank or its duly authorized agent. 2.2 The Card may be collected by the Cardholder or sent by post or courier or to the address notified to the Bank by the Cardholder or collected/ handed over to a nominated third party (and/ or to an address not in the bank records) at the risk of the Cardholder. 2.3 Upon receipt of the Card, the Cardholder shall sign the Card immediately and such Signature and/or Activation and/ or use of the Card will constitute binding and conclusive evidence of the confirmation of the Cardholder to be bound by these Terms and Conditions for which purpose the Primary Cardholder hereby binds all Supplementary Cardholder(s) as his agent for this purpose notwithstanding that the Bank is not notified of the Cardholder’s receipt of the Card. Only the party whose name is embossed on the face of the Card and has duly signed the reverse of the card can use the Card. 2.4 In the event, the Cardholder does not wish to be bound by these Terms and Conditions, the Cardholder shall cut the Card in half and return both halves to the Bank and Clause 16 (Termination) hereof shall henceforth be operative. 2.5 The Card is not transferable and will be used exclusively by the Cardholder. The Cardholder under no circumstances whatsoever will allow the Card and/ or PIN to be used by any other individual. The Cardholder as Security may not pledge the Card for any purpose whatsoever. 2.6 The Cardholder shall at all times ensure that the Card is kept in a safe place.

The Card. 2.1 The Card is and will be, at all times, the property of the Bank and must be surrendered to the Bank immediately upon request by the Bank or its duly authorized agent. 2.2 The Card may be collected by the Cardholder or sent by post or courier or to the address notified to the Bank by the Cardholder or collected/ handed over to a nominated third party (and/ or to an address not in the bank records) at the risk of the Cardholder. 2.3 Upon receipt of the Card, the Cardholder shall sign the Card immediately (unless otherwise required by the Bank) and such Signature and/or Activation and/ or use of the Card will constitute binding and conclusive evidence of the confirmation of the Cardholder to be bound by these Terms and Conditions for which purpose the Primary Cardholder hereby binds all Supplementary Cardholder(s) as his agent for this purpose notwithstanding that the Bank is not notified of the Cardholder’s receipt of the Card. Only the party whose name is embossed on the face of the Card and has duly signed the reverse of the card can use the Card. 2.4 In the event, the Cardholder does not wish to be bound by these Terms and Conditions, the Cardholder shall cut the Card in half and return both halves to the Bank and Clause 16 (Termination) hereof shall henceforth be operative. 2.5 The Card is not transferable and will be used exclusively by the Cardholder. The Cardholder under no circumstances whatsoever will allow the Card and/ or PIN to be used by any other individual. The Cardholder as Security may not pledge the Card for any purpose whatsoever. 2.6 The Cardholder shall at all times ensure that the Card is kept in a safe place.