Common use of Account Limits Clause in Contracts

Account Limits. We will establish your account limit and transaction limit and may update them from time to time in our discretion. You promise to keep the outstanding amount of transactions within these limits. We may demand immediate payment of any amount by which transactions exceed the account limit. If you request any transaction that, if granted, would result in your total transactions exceeding the account limit, we may (i) honor the request without permanently raising the account limit, (ii) honor the request and treat the amount in excess of the account limit as immediately due, or