Common use of CARD LIMIT Clause in Contracts

CARD LIMIT. 6.1 The Bank shall at its sole discretion specify the Cardmember’s Card Limit with the Bank for the purposes of this Agreement. 6.2 Where the Cardmember operates two or more Card accounts with the Bank, a combined Card Limit will be assigned to the Cardmember representing the total Card Limit extended to cover the use of all the Cards held by the Cardmember and his/her Supplementary Cardmember, if any. 6.3 The Cardmember hereby covenants that he/she shall not exceed his/her Card Limit in using the Card and shall make good any excess thereof immediately upon receipt of the monthly statement of account and/or to such other notices by the Bank showing such excess in accordance with Clause 7.1 (b) (ii). 6.4 Notwithstanding the Card Limit, the Cardmember may obtain cash at the Bank’s discretion, where such Cash Withdrawals will not cause the Cardmember’s available Card Limit to be exceeded, by: (i) Presenting the Card at any of the Bank’s Authorised Cash Outlet with evidence of the Cardmember’s identity and signing the necessary transaction