Common use of Accounts and Card Issuance Clause in Contracts

Accounts and Card Issuance. 2.1. Account Opening and Card Issuance Subject to the terms of this Agreement, we will open the Card Account. We will lend money to the Business and the Owner by way of Charges to the Card Account, including without limitation, those Charges made by a Cardholder, in accordance with the terms of this Agreement. To access the Card Account, we will issue a Card and Cheques to the Business, the Owner(s), and on your request, we will issue a Card and Cheques to anyone who any of you authorize. If any of you direct us to issue a Card and Cheques to any person, by doing so, you are authorizing that person to incur expenses on behalf of your Business for which you will be responsible in accordance with the terms of this Agreement. We will open a separate sub account of the Card Account (the Cardholder Account) for each Cardholder who any of you have requested we issue a Card to. Charges incurred with a Card, or otherwise by using the Card Account, will be charged to the Card Account by every Cardholder and will be Debt for which the Business and the Owner shall be jointly and severally (in Quebec, solidarily) liable. This means that each Owner and the Business is jointly and severally (and in Quebec, solidarily) liable and responsible for all amounts owing to ATB on the Card Account, including, without limitation, Charges incurred by any Cardholder, regardless of which Cardholder incurred the Charge. Unless we receive prior written instructions from the Business or any Owner to the contrary, we will issue renewal and replacement Cards to each Cardholder prior to the expiry date indicated on the Card last issued to them. A Cardholder may instruct us not to issue or renew his or her own Card but may not provide instructions regarding any other Cardholder’s Cards.