Common use of ISSUE OF THE CARD Clause in Contracts

ISSUE OF THE CARD. (a) Upon approval by the Bank of the Card applications signed by the Business Cardmember and the Cardholder, the Cardholder will receive a Card in his/her name, and the Bank will open and maintain a Card Account for each Card in the name of the Cardholder. (b) For security reasons the Cardholder shall, upon receipt of his/her Card, sign it in the space provided using a ballpoint pen and comply with such card activation procedures as may be prescribed by the Bank. (c) By signing and using the Card, the Business Cardmember and the Cardholder confirm that they have received, understood and acknowledged this Agreement. (d) Any directives given by the Business Cardmember to the Cardholder regarding the use of the Card, shall not supercede this Agreement. (e) The Business Cardmember shall ensure that the Cardholder complies with their obligations under this Agreement. (f) The Bank reserves the right to refuse Card applications without stating its reasons.