Common use of INABILITY TO PERFORM OBLIGATIONS Clause in Contracts

INABILITY TO PERFORM OBLIGATIONS. You understand that we shall not be liable if we are unable to perform our obligations due directly or indirectly to the failure of any machine data processing system or transmission link or to industrial dispute or to a cause outside the control of FirstCaribbean, our agents, servants or sub-contractors. (i) The Bank makes no commitment that benefits available to the Customer by use of the Card, as a result of arrangements between the Bank and third parties, will continue indefinitely. Any facilities or benefits, including those made available to you and not forming part of the terms and conditions, may be withdrawn or varied at any time without notice. (ii) The Bank will charge you for any loss or cost incurred as a result of any breach of the terms and conditions by you or any Authorised User. Interest will also continue to be charged both before and after any judgment obtained on any unpaid debt. You have read the terms and conditions of the FirstCaribbean Credit Card Cardholder Agreement for this Account and by use of the Card issued to you, you indicate your agreement with each of the terms and conditions and promise to repay all credit extended to you pursuant to this Agreement. You understand that you will be bound by each of the terms of the Cardholder Agreement.

Appears in 1 contract

Sources: Credit Card Agreement

INABILITY TO PERFORM OBLIGATIONS. You understand that unde rst an d tha t we shall not be liable if we are unable to perform our obligations due directly or indirectly to the failure of any machine data processing system or transmission link or to industrial dispute or to a cause outside the control of FirstCaribbean, our agents, servants or sub-contractors. (i) The Bank makes no commitment that benefits available to the Customer by use of the Card, as a result of arrangements between the Bank and third parties, will continue indefinitely. Any facilities or benefits, including those made available to you and not forming part of the terms and conditions, may be withdrawn or varied at any time without notice. (ii) The Bank will charge you for any loss or cost incurred as a result of any breach of the terms and conditions by you or any Authorised User. Interest will also continue to be charged both before and after any judgment obtained on any unpaid debt. You have read the terms and conditions of the FirstCaribbean Credit Card Cardholder Agreement for this Account and by use of the Card issued to you, you indicate your agreement with each of the terms and conditions and promise to repay all credit extended to you pursuant to this Agreement. You understand that you will be bound by each of the terms of the Cardholder Agreement.

Appears in 1 contract

Sources: Credit Card Cardholder Agreement