Common use of ACCOUNT RESTRICTIONS Clause in Contracts

ACCOUNT RESTRICTIONS. In order to receive and maintain a Share Secured VISA or Share Secured MasterCard, You agree to give Us a specific pledge of shares which will be equal to 125.00% of Your Credit Limit. In the event that You default on Your Account, We may apply these shares toward the repayment of any amount owed on Your Account.

Appears in 8 contracts

Sources: Credit Card Agreement, Credit Card Agreement, Credit Card Agreement