Common use of COMBINED CREDIT LIMIT Clause in Contracts

COMBINED CREDIT LIMIT. 5.2.1 The combined Credit Limit shall be the maximum permitted for the current balances of all Card Accounts of Cardholder if the Cardholder has more than one Card Account and advised in writing by the Bank to be combined Card Accounts. 5.2.2 Current balance means the Cardholders’ total liabilities outstanding and owing to the Bank at any given time in connection with the Card Account(s) and/or this agreement, including but not limited to all Card Transactions, interest, charges, fees, costs and expenses (including legal costs), whether actual or contingent and whether incurred now or in the future. 5.2.3 Subject to clause 15.2 the Cardholder must not use the Card/s in a manner that the current balance exceeds the combined Credit Limit at any one time. 5.2.4 In calculating whether the combined Credit Limit has been exceeded, the bank may take into account any Card Transaction which has been carried out and not been debited to the Card Account or any proposed Card Transaction for which the Bank has given given authorization to a third party or any amount that has been reserved by the bank for a forthcoming transaction on a request made by the Cardholder. 5.2.5 If the Cardholder carries out any Card transaction which results in the combined Credit Limit being exceeded, whether with or without prior consent, the Cardholder must immediately pay the amount in excess of the combined Credit Limit in such manner and to such account as the Bank may in its absolute discretion direct and may communicate this direction to the Cardholder by any means deem fit. If the Cardholder fails to comply with this, the Bank reserves the right, without prejudice to any of its rights or remedies, to terminate Card Account forthwith without notice to the Cardholder.

COMBINED CREDIT LIMIT. 5.2.1 The combined Credit Limit shall be the maximum permitted for the current balances of all Card Accounts of Cardholder cardholder if the Cardholder cardholder has more than one Card Account and advised in writing by the Bank to be combined Card Accounts. 5.2.2 Current balance means the Cardholderscardholders’ total liabilities outstanding and owing to the Bank at any given time in connection with the Card Account(s) and/or this agreement, including but not limited to all Card Transactions, interest, charges, fees, costs and expenses (including legal costs), whether actual or contingent and whether incurred now or in the future. 5.2.3 Subject to clause 15.2 the Cardholder cardholder must not use the Card/s in a manner that the current balance exceeds the combined Credit Limit at any one time. 5.2.4 In calculating whether the combined Credit Limit has been exceeded, the bank may take into account any Card Transaction which has been carried out and not been debited to the Card Account or any proposed Card Transaction for which the Bank has given given authorization to a third party or any amount that has been reserved by the bank for a forthcoming transaction on a request made by the Cardholdercardholder. 5.2.5 If the Cardholder cardholder carries out any Card transaction which results in the combined Credit Limit being exceeded, whether with or without prior consent, the The Cardholder must immediately pay the amount in excess of the combined Credit Limit in such manner and to such account as the Bank bank may in its absolute discretion direct and may communicate this direction to the Cardholder cardholder by any means deem fit. If the Cardholder fails to comply with this, the Bank bank reserves the right, without prejudice to any of its rights or remedies, to terminate Card Account forthwith without notice to the Cardholdercardholder.

COMBINED CREDIT LIMIT. 5.2.1 The combined Credit Limit shall be the maximum permitted for the current balances of all Card Accounts of Cardholder cardholder if the Cardholder cardholder has more than one Card Account and advised in writing by the Bank to be combined Card Accounts. 5.2.2 Current balance means the Cardholderscardholders’ total liabilities outstanding and owing to the Bank at any given time in connection with the Card Account(s) and/or this agreement, including but not limited to all Card Transactions, interest, charges, fees, costs and expenses (including legal costs), whether actual or contingent and whether incurred now or in the future. 5.2.3 Subject to clause 15.2 the Cardholder cardholder must not use the Card/s in a manner that the current balance exceeds the combined Credit Limit at any one time. 5.2.4 In calculating whether the combined Credit Limit has been exceeded, the bank may take into account any Card Transaction which has been carried hasbeencarried out and not been debited to the Card Account or any proposed Card Transaction for which the Bank has given given authorization to a third party or any amount that has been reserved by the bank for a forthcoming transaction on a request made by the Cardholdercardholder. 5.2.5 If the Cardholder cardholder carries out any Card transaction which results in the combined Credit Limit being exceeded, whether with or without prior consent, the The Cardholder must immediately pay the amount in excess of the combined Credit Limit in such manner and to such account as the Bank bank may in its absolute discretion direct and may communicate this direction to the Cardholder cardholder by any means deem fitfit. If the Cardholder fails to comply with this, the Bank bank reserves the right, without prejudice to any of its rights or remedies, to terminate Card Account forthwith without notice to the Cardholdercardholder.