Common use of BREACH OF CONDITION Clause in Contracts

BREACH OF CONDITION. If the Cardmember is in breach of any of the Terms and Conditions of Use, or if the Bank comes to the belief on reasonable grounds that the Cardmember induced the Bank to enter into the agreement governing the operation of his/her Card Account by any fraudulent misrepresentation, the outstanding balance on the Cardmember's Card Account shall, at the option of the Bank, become immediately due and payable to the Bank. In case of any breach of the Terms and Conditions of Use, the Bank reserves the right at the Cardmember's costs and consequences to also proceed under the appropriate laws of India. The Cardmember undertakes to return or arrange for the return of his/her card and any Add-on Card(s) duly cancelled, immediately upon being notified that the outstanding balance on his Card Account has become due and payable as aforesaid. The Bank may at any time without prior notice suspend and/or cancel, the Cardmember's Card(s) if any of the Terms and Conditions are breached. Reward Points or any other benefits accumulated on cancelled/suspended Cards will be forfeited. The Cardmember agrees to pay the Bank the amount incurred or expended by the Bank in exercising its rights under these Terms and Conditions arising from any default/breach by the Cardmember. Upon payment to the Bank, in accordance with this Condition, of all amounts owing on the Cardmember's Card Account, the agreement governing the operation of his/her Card Account will thereby be terminated without the need for any further notice. The Cardmember shall ensure that the Credit Card issued shall be used for personal expenses and purposes only. The Cardmember shall not use the Credit Card to purchase anything for resale, for commercial or business-related purposes in any manner, whatsoever. The Credit Card should be used only for lawful, bona fide personal purposes and must not be used for any money laundering, anti-social, illegal or speculative activities or must not be exploited commercially in business. If the Credit Card is found to be used for prohibited, restricted, commercial purposes or any purposes as mentioned above, the Bank may, at its sole discretion, exercise its right to terminate or cancel or suspend the Credit Card and additional/addon cards thereof and withhold/cancel the Reward Points, if any, without any notice to the Cardmember.

BREACH OF CONDITION. If the Cardmember is in breach of any of the Terms and Conditions of Use, or if the Bank comes to the belief on reasonable grounds that the Cardmember induced the Bank to enter into the agreement governing the operation of his/his / her Card Account by any fraudulent misrepresentation, the outstanding balance on the Cardmember's ’s Card Account shall, at the option of the Bank, become immediately due and payable to the Bank. In case of any breach of the Terms and Conditions of Use, the Bank reserves the right at the Cardmember's ’s costs and consequences to also proceed under the appropriate laws of India. The Cardmember undertakes to return or arrange for the return of his/his / her card Card and any Add-on Card(s) duly cancelled, immediately upon being notified that the outstanding balance on his Card Account has become due and payable as aforesaid. The Bank may at any time without prior notice suspend and/or and / or cancel, the Cardmember's ’s Card(s) if any of the Terms and Conditions are breached. Reward Points or any other benefits accumulated on cancelled/cancelled / suspended Cards will be forfeited. The Cardmember agrees to pay the Bank the amount incurred or expended by the Bank in exercising its rights under these Terms and Conditions arising from any default/default / breach by the Cardmember. Upon payment to the Bank, in accordance with this Condition, of all amounts owing on the Cardmember's ’s Card Account, the agreement governing the operation of his/his / her Card Account will thereby be terminated without the need for any further notice. The Cardmember shall ensure that the Credit Card issued shall be used for personal expenses and purposes only. The Cardmember shall not use the Credit Card to purchase anything for resale, for commercial or business-related purposes in any manner, whatsoever. The Credit Card should be used only for lawful, bona fide personal purposes and must not be used for any money laundering, anti-social, illegal or speculative activities or must not be exploited commercially in business. If the Credit Card is found to be used for prohibited, restricted, commercial purposes or any purposes as mentioned above, the Bank may, at its sole discretion, exercise its right to terminate or cancel or suspend the Credit Card and additional/addon cards thereof and withhold/cancel the Reward Points, if any, without any notice to the Cardmember.

BREACH OF CONDITION. If the Cardmember is in breach of any of the Terms and Conditions of Use, or if the Bank comes to the belief on reasonable grounds that the Cardmember induced the Bank to enter into the agreement Agreement governing the operation of his/her Card Account by any fraudulent misrepresentation, the outstanding balance on the Cardmember's ’s Card Account shall, at the option of the Bank, become immediately due and payable to the Bank. In case of any breach of the Terms and Conditions of Use, the Bank reserves the right at the Cardmember's ’s costs and consequences to also proceed under the appropriate laws of India. The Cardmember undertakes to return or arrange for the return of his/her card and any Add-on Card(s) duly cancelled, immediately upon being notified that the outstanding balance on his Card Account has become due and payable as aforesaid. The Bank may at any time without prior notice suspend and/or cancel, the Cardmember's Card(s’s card(s) if any of the Terms and Conditions are breached. Reward Points or any other benefits accumulated on cancelled/suspended Cards cards will be forfeited. The Cardmember agrees to pay the Bank the amount incurred or expended by the Bank in exercising its rights under these Terms and Conditions arising from any default/breach by the Cardmember. Upon payment to the Bank, in accordance with this Condition, of all amounts owing on the Cardmember's ’s Card Account, the agreement Agreement governing the operation of his/her Card Account will thereby be terminated without the need for any further notice. The Cardmember shall ensure that the Credit Card issued shall be used for personal expenses and purposes only. The Cardmember shall not use the Credit Card to purchase anything for resale, for commercial or business-related purposes in any manner, whatsoever. The Credit Card should be used only for lawful, bona fide personal purposes and must not be used for any money laundering, anti-social, illegal or speculative activities or must not be exploited commercially in business. If the Credit Card is found to be used for prohibited, restricted, commercial purposes or any purposes as mentioned above, the Bank may, at its sole discretion, exercise its right to terminate or cancel or suspend the Credit Card and additional/addon cards thereof and withhold/cancel the Reward Points, if any, without any notice to the Cardmember.