Common use of Issuance of the Clause in Contracts

Issuance of the. ‘Card’ 2.1. The ‘Bank’ shall have the right to examine and review the credit standing of an applicant of a Card, at any time the ‘Bank’ deems fit without reference to the applicant or assigning any reason whatsoever. The applicant acknowledges and agrees that the credit examination and/or review necessary for the processing of the ‘Card’ application may require the ‘Bank’ to disclose the applicant’s address, salary, any professional and/or financial information to any other party. As a precondition for approving any application for the issuance of a ‘Card’, the ‘Bank’ may, in its sole discretion and determination, require the applicant to issue a cheque and/or pledge and/or assign a cash deposit in favour of the ‘Bank’ as security against the issuance of the ‘Card’ in an amount determined by the ‘Bank’. The ‘Bank’ shall maintain this security as long as the ‘Card’ is valid and there is any unpaid ‘New Balance’. If the ‘New Balance’ is fully settled the ‘Bank’ shall continue to maintain this security for a period not less than forty-five (45) days from the date of cancelling the ‘Card’. 2.2. If the ‘Bank’ holds any security as collateral for the issuance of the ‘Card’, the ‘Bank’ reserves the right to retain such security for a minimum period of forty five days following the ‘Card’ cancellation and return to the ‘Bank’, whether such cancellation is determined by the ‘Bank’ or at the request of the ‘Cardholder’, provided that the New Balance is fully settled. 2.3. The ‘Card’ shall be valid for the period specified on the ‘Card’ and the ‘Cardholder’ is eligible to use the ‘Card’ only during such period. 2.4. On the first ‘Statement of Account’ after issuance, renewal, or replacement of the ‘Card’, the ‘Bank’ shall, at its sole discretion and determination, charge the ‘Cardholder’ and debit the ‘Card Account’ by the annual membership fee for the issuance of the ‘Card’, renewal fee for the renewal of the ‘Card’, or replacement fee for the replacement of the ‘Card’ and any other fees and charges determined by the ‘Bank’. 2.5. In case the ‘Card’ is terminated or cancelled for any reason whatsoever, the ‘Bank’ shall not be obliged to refund any paid or charged fees / profit or annual membership fee. 2.6. The ‘Card’ shall at all times remain the property of the ‘Bank’ and should be returned by the ‘Cardholder’ to the ‘Bank’ upon the first request of the ‘Bank’ or its duly authorised agent. Without giving prior notice to the ‘Cardholder’, the ‘Bank’ may, at its sole discretion and determination, and without assigning any reason whatsoever cancel, suspend, refuse to reissue, renew or replace the ‘Card’. 2.7. The ‘Card’ shall be non-transferable, non-pledge able and usable only by the person whose name is embossed/printed on the face of the ‘Card’ and whose signature appears on the reverse of the ‘Card’. 2.8. The ‘Cardholder’ is fully aware that the issuance of the ‘Card’ constitutes a financing relationship with the ‘Bank’ and the ‘Cardholder’ has the ability to repay on the relevant ‘Payment Due Date’ all the amounts arising from the use of the ‘Card’. 2.9. The ‘Bank’ reserves the right to change the designs of the ‘Cards’ at any time without prior notice.

Issuance of the. ‘Card’ 2.1. 2.1 The ‘Bank’ shall have the right to examine and review the credit standing of an applicant of a Card, at any time the ‘Bank’ deems fit without reference to the applicant or assigning any reason whatsoever. The applicant acknowledges and agrees that the credit examination and/or review necessary for the processing of the ‘Card’ application may require the ‘Bank’ to disclose the applicant’s address, salary, any professional and/or financial information to any other party. As a precondition pre- condition for approving any application for the issuance of a ‘Card’, the ‘Bank’ may, in its sole discretion and determination, require the applicant to issue a cheque and/or pledge and/or assign a cash deposit in favour of the ‘Bank’ as security against the issuance of the ‘Card’ in an amount determined by the ‘Bank’. The ‘Bank’ shall maintain this security as long as the ‘Card’ is valid and there is any unpaid ‘New Balance’. If the ‘New Balance’ is fully settled the ‘Bank’ shall continue to maintain this security for a period not less than forty-forty five (45) days from the date of cancelling the ‘Card’. 2.2. 2.2 If the ‘Bank’ holds any security as collateral for the issuance of the ‘Card’, the ‘Bank’ reserves the right to retain such security for a minimum period of forty five days following the ‘Card’ cancellation and return to the ‘Bank’, whether such cancellation is determined by the ‘Bank’ or at the request of the ‘Cardholder’, provided that the New Balance is fully settled. 2.3. 2.3 The ‘Card’ shall be valid for the period specified on the ‘Card’ and the ‘Cardholder’ is eligible to use the ‘Card’ only during such period. 2.4. 2.4 On the first ‘Statement of Account’ after issuance, renewal, or replacement of the ‘Card’, the ‘Bank’ shall, at its sole discretion and determination, charge the ‘Cardholder’ and debit the ‘Card Account’ by the annual membership fee for the issuance of the ‘Card’, renewal fee for the renewal of the ‘Card’, or replacement fee for the replacement of the ‘Card’ and any other fees and charges determined by the ‘Bank’. 2.5. 2.5 In case the ‘Card’ is terminated or cancelled for any reason whatsoever, the ‘Bank’ shall not be obliged to refund any paid or charged fees / profit or annual membership fee. 2.6. 2.6 The ‘Card’ shall at all times remain the property of the ‘Bank’ and should be returned by the ‘Cardholder’ to the ‘Bank’ upon the first request of the ‘Bank’ or its duly authorised agent. Without giving prior notice to the ‘Cardholder’, the ‘Bank’ may, at its sole discretion and determination, and without assigning any reason whatsoever cancel, suspend, refuse to reissue, renew or replace the ‘Card’. 2.7. 2.7 The ‘Card’ shall be non-transferable, non-pledge able and usable only by the person whose name is embossed/printed on the face of the ‘Card’ and whose signature appears on the reverse of the ‘Card’. 2.8. 2.8 The ‘Cardholder’ is fully aware that the issuance of the ‘Card’ constitutes a financing borrowing relationship with the ‘Bank’ and the ‘Cardholder’ has the ability to repay on the relevant ‘Payment Due Date’ all the amounts arising from the use of the ‘Card’. 2.9. 2.9 The ‘Bank’ reserves the right to change the designs of the ‘Cards’ at any time without prior notice. 2.10 The "Bank" shall have the right to decline the credit card application without assigning any reason and in such case the application and its supporting documents including Salary Certificate, Payslip or Bank statements submitted to the Bank will become part of the Bank’s records and will not be returned to the Customer.

Issuance of the. ‘Card’ 2.1. 2.1 The ‘Bank’ shall have the right to examine and review the credit standing of an applicant of a Card, at any time the ‘Bank’ deems fit without reference to the applicant or assigning any reason whatsoever. The applicant acknowledges and agrees that the credit examination and/or review necessary for the processing of the ‘Card’ application may require the ‘Bank’ to disclose the applicant’s address, salary, any professional and/or financial information to any other party. As a precondition pre- condition for approving any application for the issuance of a ‘Card’, the ‘Bank’ may, in its sole discretion and determination, require the applicant to issue a cheque and/or pledge and/or assign a cash deposit in favour of the ‘Bank’ as security against the issuance of the ‘Card’ in an amount determined by the ‘Bank’. The ‘Bank’ shall maintain this security as long as the ‘Card’ is valid and there is any unpaid ‘New Balance’. If the ‘New Balance’ is fully settled the ‘Bank’ shall continue to maintain this security for a period not less than forty-five (45) days from the date of cancelling the ‘Card’. 2.2. 2.2 If the ‘Bank’ holds any security as collateral for the issuance of the ‘Card’, the ‘Bank’ reserves the right to retain such security for a minimum period of forty five days following the ‘Card’ cancellation and return to the ‘Bank’, whether such cancellation is determined by the ‘Bank’ or at the request of the ‘Cardholder’, provided that the New Balance is fully settled. 2.3. 2.3 The ‘Card’ shall be valid for the period specified on the ‘Card’ and the ‘Cardholder’ is eligible to use the ‘Card’ only during such period. 2.4. 2.4 On the first ‘Statement of Account’ after issuance, renewal, or replacement of the ‘Card’, the ‘Bank’ shall, at its sole discretion and determination, charge the ‘Cardholder’ and debit the ‘Card Account’ by the annual membership fee for the issuance of the ‘Card’, renewal fee for the renewal of the ‘Card’, or replacement fee for the replacement of the ‘Card’ and any other fees and charges determined by the ‘Bank’. 2.5. 2.5 In case the ‘Card’ is terminated or cancelled for any reason whatsoever, the ‘Bank’ shall not be obliged to refund any paid or charged fees / profit or annual membership fee. 2.6. 2.6 The ‘Card’ shall at all times remain the property of the ‘Bank’ and should be returned by the ‘Cardholder’ to the ‘Bank’ upon the first request of the ‘Bank’ or its duly authorised agent. Without giving prior notice to the ‘Cardholder’, the ‘Bank’ may, at its sole discretion and determination, and without assigning any reason whatsoever cancel, suspend, refuse to reissue, renew or replace the ‘Card’. 2.7. 2.7 The ‘Card’ shall be non-transferable, non-pledge able and usable only by the person whose name is embossed/printed on the face of the ‘Card’ and whose signature appears on the reverse of the ‘Card’. 2.8. 2.8 The ‘Cardholder’ is fully aware that the issuance of the ‘Card’ constitutes a financing borrowing relationship with the ‘Bank’ and the ‘Cardholder’ has the ability to repay on the relevant ‘Payment Due Date’ all the amounts arising from the use of the ‘Card’. 2.9. 2.9 The ‘Bank’ reserves the right to change the designs of the ‘Cards’ at any time without prior notice. 2.10 The "Bank" shall have the right to decline the credit card application without assigning any reason and in such case the application and its supporting documents including Salary Certificate, Pay slip or Bank statements submitted to the Bank will become part of the Bank’s records and will not be returned to the Customer.

Issuance of the. ‘Card’ 2.1. 2.1 The ‘Bank’ shall have the right to examine and review the credit standing of an applicant of a Card, at any time the ‘Bank’ deems fit without reference to the applicant or assigning any reason whatsoever. The applicant acknowledges and agrees that the credit examination and/or review necessary for the processing of the ‘Card’ application may require the ‘Bank’ to disclose the applicant’s address, salary, any professional and/or financial information to any other party. As a precondition pre-condition for approving any application for the issuance of a ‘Card’, the ‘Bank’ may, in its sole discretion and determination, require the applicant to issue a cheque and/or pledge and/or assign a cash deposit in favour of the ‘Bank’ as security against the issuance of the ‘Card’ in an amount determined by the ‘Bank’. The ‘Bank’ shall maintain this security as long as the ‘Card’ is valid and there is any unpaid ‘New Balance’. If the ‘New Balance’ is fully settled the ‘Bank’ shall continue to maintain this security for a period not less than forty-forty five (45) days from the date of cancelling the ‘Card’. 2.2. 2.2 If the ‘Bank’ holds any security as collateral for the issuance of the ‘Card’, the ‘Bank’ reserves the right to retain such security for a minimum period of forty five days following the ‘Card’ cancellation and return to the ‘Bank’, whether such cancellation is determined by the ‘Bank’ or at the request of the ‘Cardholder’, provided that the New Balance is fully settled. 2.3. 2.3 The ‘Card’ shall be valid for the period specified on the ‘Card’ and the ‘Cardholder’ is eligible to use the ‘Card’ only during such period. 2.4. 2.4 On the first ‘Statement of Account’ after issuance, renewal, or replacement of the ‘Card’, the ‘Bank’ shall, at its sole discretion and determination, charge the ‘Cardholder’ and debit the ‘Card Account’ by the annual membership fee for the issuance of the ‘Card’, renewal fee for the renewal of the ‘Card’, or replacement fee for the replacement of the ‘Card’ and any other fees and charges determined by the ‘Bank’. 2.5. 2.5 In case the ‘Card’ is terminated or cancelled for any reason whatsoever, the ‘Bank’ shall not be obliged to refund any paid or charged fees / profit or annual membership fee. 2.6. 2.6 The ‘Card’ shall at all times remain the property of the ‘Bank’ and should be returned by the ‘Cardholder’ to the ‘Bank’ upon the first request of the ‘Bank’ or its duly authorised agent. Without giving prior notice to the ‘Cardholder’, the ‘Bank’ may, at its sole discretion and determination, and without assigning any reason whatsoever cancel, suspend, refuse to reissue, renew or replace the ‘Card’. 2.7. 2.7 The ‘Card’ shall be non-transferable, non-pledge able and usable only by the person whose name is embossed/printed on the face of the ‘Card’ and whose signature appears on the reverse of the ‘Card’. 2.8. 2.8 The ‘Cardholder’ is fully aware that the issuance of the ‘Card’ constitutes a financing borrowing relationship with the ‘Bank’ and the ‘Cardholder’ has the ability to repay on the relevant ‘Payment Due Date’ all the amounts arising from the use of the ‘Card’. 2.9. 2.9 The ‘Bank’ reserves the right to change the designs of the ‘Cards’ at any time without prior notice. 2.10 The "Bank" shall have the right to decline the credit card application without assigning any reason and in such case the application and its supporting documents including Salary Certificate, Payslip or Bank statements submitted to the Bank will become part of the Bank’s records and will not be returned to the Customer.