Credit Card Facility definition
Examples of Credit Card Facility in a sentence
However, in case of conflict, these Terms and Conditions for Credit Card Facility shall prevail as regards transactions under the Credit Card Facility.
Cardmember accepts that any default in discharging the obligations under the Cardmember Agreement shall be deemed default under the Cardmember Agreement and the Bank reserves the right to exercise any or all rights under the said Agreement including the right to terminate Credit Card Facility.
The terms and conditions of the Credit Card Facility shall be set forth in Bank’s standard US Bank Canada Commercial Card Acknowledgement and Indemnity Agreement, which shall be entered into by the applicable Borrower as a condition to the Credit Card Facility.
For the avoidance of doubt, if, after using the Credit Card Facility to pay off the entire amount owing under the Existing 3rd Party Unsecured Facilities, there is still a surplus under the Credit Card Facility (the “Surplus”), you can utilise the Surplus insofar as the total credit limit referred to in Clause 3A.3(a) is not exceeded.
If we grant you a Credit Card Facility, you will be issued a relevant OCBC credit card with such designated credit limit as we may permit from time to time.