Liability for Indebtedness. Cardholder is liable to the Bank for all indebtedness, including indebtedness incurred by any person authorized by such Cardholder, an indebtedness which exceeds the credit limit, as well as indebtedness arising from any loss incurred by the Bank through the use of the Card. Where there is more than one Cardholder, each cardholder shall be jointly and separately liable for all indebtedness. The bank reserves the right to cancel any indebtedness against account(s) of Cardholder with the bank.
Appears in 3 contracts
Sources: Cardholder Agreement, Cardholder Agreement, Cardholder Agreement