Common use of Borrower’s Liability Clause in Contracts

Borrower’s Liability. Borrower and each Guarantor shall be liable for the full amounts of Borrower’s Outstanding Balance regardless of the purpose whether for business purposes or for personal, family, or household purposes of any of the charges made with the Cards. Borrower’s liability shall also include all charges regardless of the purpose made by any person to whom Borrower or User has given express or implied permission to use the Card, Card Account or has voluntarily provided the Card or the Card number. Prior to exercising your dispute rights with the bank, you must make an attempt to resolve the issue with the merchant. This must be stated in writing. Within your dispute please include all applicable dates of when you contacted the merchant and the contact’s name. 16.2: User’s Liability. in addition to and not in lieu of Borrower’s liability as set forth above, each User shall be jointly, and severally liable with Borrower for all amounts resulting from: (a) all charges made by User for personal, family, or household purposes; and (b) all charges made by any person to whom that User has given express or implied permission to use the Card or Card Account or has voluntarily provided the Card or the Card number, regardless of the purpose of any such charge.

Appears in 2 contracts

Sources: Business Credit Card Agreement, Business Credit Card Agreement