Common use of Monthly Statements Clause in Contracts

Monthly Statements. 3.1 The Bank will maintain an account in respect of each Card (each a “Credit Card Account”) to which the values of all transactions effected through the use of the relevant Card and all charges, interests, fees and other sums payable hereunder (the “Charges”) will be debited. 3.2 Unless the Statement Balance for the relevant month carries a credit balance or a debit balance from retail purchase which is less than such amount as may be determined by the Bank from time to time (currently HK$10) and there has been no transaction since the immediately preceding monthly statement, the Bank will issue to each Cardmember a monthly statement in respect of his Card setting out details of all Charges payable (the“Statement Balance”) and the date on which the Minimum Payment Due must be paid (“Payment Due Date”). 3.3 The Cardmember undertakes to verify the correctness of each monthly statement in respect of the Card received from the Bank within sixty (60) days from the statement date thereof of any discrepancies, omissions or debits wrongly made to or inaccuracies or incorrect entries in the Bank’s record of transaction or such monthly statement as so stated. The Cardmember agrees to notify the Bank about any unauthorized transaction within sixty (60) days from the statement date in such manner as the Bank may accept from time to time. If the Cardmember notifies the Bank of an unauthorized transaction within sixty (60) days from the statement date, the Bank will not impose any interest or finance charges on the disputed transaction while it is being investigated. If, however, the report made by the Cardmember is subsequently proved to be unfounded, the Bank reserves the right to re-impose the interest or finance charges on the disputed amount over the whole period, including the investigation period. The Cardmember agrees to follow the Bank’s instructions and cooperate fully with the Bank and any appropriate authorities during subsequent investigations into the unauthorized transaction(s) involving the Card. At the end of the sixty (60) days’ period, the transactions shown on the statement will be considered as correct, conclusive and binding on the Cardmember and the Cardmember will be deemed to have waived any right to raise any objection or pursue any remedies against the Bank in relation to such transaction. 3.4 Notwithstanding anything aforesaid, the Bank shall be entitled to revise any monthly statement previously sent to the Cardmember to correct any details contained therein which have been wrongly or mistakenly made by the Bank. The Cardmember agrees that paragraph 3.3 above shall also apply to such revised monthly statements.

Monthly Statements. 3.1 The Bank will maintain an account in respect of each Card (each a “Credit Card Account”) to which the values of all transactions effected through the use of the relevant Card and all charges, interests, fees and other sums payable hereunder (the “Charges”) will be debited. 3.2 5.1 Unless the Statement Balance for the relevant month of both the HKD Account and CNY Account carries a credit balance or a debit balance from retail purchase which is less than such amount as may be determined by the Bank from time to time (currently HK$10HK$10 in respect of the HKD Account or CNY10 in respect of the CNY Account) and there has been no transaction since the immediately preceding monthly statement, the Bank will issue to each Cardmember a monthly statement in respect of his the Credit Card Accounts setting out details of all Charges payable (the“Statement Balance”) and the date on which Payment Due Date. 5.2 The monthly statement will include details of the outstanding balance for both the HKD Account and the RMB Account for each Cardmember detailing the Minimum Payment Due must be paid (“Payment Due Date”)for the HKD Account and the RMB Account for that Cardmember. 3.3 5.3 The Cardmember undertakes to verify the correctness of each monthly statement in respect of the Card received from the Bank within sixty (60) days from the statement date thereof of any discrepancies, omissions or debits wrongly made to or inaccuracies or incorrect entries in the Bank’s record of transaction or such monthly statement as so stated. The Cardmember agrees to notify the Bank about any unauthorized transaction within sixty (60) days from the statement date in such manner as the Bank may accept from time to time. If the Cardmember notifies the Bank of an unauthorized transaction within sixty (60) days from the statement date, the Bank will not impose any interest or finance charges on the disputed transaction while it is being investigated. If, however, the report made by the Cardmember is subsequently proved to be unfounded, the Bank reserves the right to re-impose the interest or finance charges on the disputed amount over the whole period, including the investigation period. The Cardmember agrees to follow the Bank’s instructions and cooperate fully with the Bank and any appropriate authorities during subsequent investigations into the unauthorized transaction(s) involving the Card. At the end of the sixty (60) days’ period, the transactions shown on the statement will be considered as correct, conclusive and binding on the Cardmember and the Cardmember will be deemed to have waived any right to raise any objection or pursue any remedies against the Bank in relation to such transaction. 3.4 5.4 Notwithstanding anything aforesaidelse in this Agreement, the Bank shall be entitled to revise any monthly statement previously sent to the Cardmember to correct any details contained therein which have been wrongly or mistakenly made by the Bank. The Cardmember agrees that paragraph 3.3 5.3 above shall also apply to such revised monthly statements.

Monthly Statements. 3.1 4.1 The Bank will maintain an account in respect of each Card (each a “Credit Card Account”) to which the values of all transactions effected through the use of the relevant Card and all charges, interests, fees and other sums payable hereunder (the “Charges”) will be debited. 3.2 4.2 Unless the Statement Balance for the relevant month carries a credit balance or a debit balance from retail purchase which is less than such amount as may be determined by the Bank from time to time (currently HK$10) and there has been no transaction since the immediately preceding monthly statement, the Bank will issue to each Company and the Cardmember a monthly statement in respect of his the Card setting out details of all Charges payable (the“Statement the “Statement Balance”) and the date on which the Minimum Payment Due must be paid (“Payment Due Date”). The Bank may send to the Company a monthly statement recap consolidating details of the Statement Balance and the Payment Due Date of all the cards issued under the Business Card Account. 3.3 4.3 The Company and Cardmember undertakes undertake to verify the correctness of each monthly statement in respect of the Card received from the Bank within sixty (60) days from the statement date thereof of any discrepancies, omissions or debits wrongly made to or inaccuracies or incorrect entries in the Bank’s record of transaction or such monthly statement as so stated. The Company and Cardmember agrees agree to notify the Bank about any unauthorized transaction within sixty (60) days from the statement date in such manner as the Bank may accept from time to time. If the Company or Cardmember notifies notify the Bank of an unauthorized transaction within sixty (60) days from the statement date, the Bank will not impose any interest or finance charges on the disputed transaction while it is being investigated. If, however, the report made by the Company or Cardmember is subsequently proved to be unfounded, the Bank reserves the right to re-impose the interest or finance charges on the disputed amount over the whole period, including the investigation period. The Company and Cardmember agrees agree to follow the Bank’s instructions and cooperate fully with the Bank and any appropriate authorities during subsequent investigations into the unauthorized transaction(s) involving the Card. At the end of the sixty (60) days’ period, the transactions shown on the statement will be considered as correct, conclusive and binding on the Company and the Cardmember and the Company and the Cardmember will be deemed to have waived any right to raise any objection or pursue any remedies against the Bank in relation to such transaction. 3.4 4.4 Notwithstanding anything aforesaid, the Bank shall be entitled to revise any monthly statement previously sent to the Company and Cardmember to correct any details contained therein which have been wrongly or mistakenly made by the Bank. The Company and Cardmember agrees agree that paragraph 3.3 4.3 above shall also apply to such revised monthly statements.

Monthly Statements. 3.1 The Bank will maintain an account in respect of each Card (each a “Credit Card Account”) to which the values of all transactions effected through the use of the relevant Card and all charges, interests, fees and other sums payable hereunder (the “Charges”) will be debited. 3.2 Unless the Statement Balance for the relevant month carries a credit balance or a debit balance from retail purchase which is less than such amount as may be determined by the Bank from time to time (currently HK$10CNY10) and there has been no transaction since the immediately preceding monthly statement, the Bank will issue to each Cardmember a monthly statement in respect of his Card setting out details of all Charges payable (the“Statement Balance”) and the date on which the Minimum Payment Due must be paid (“Payment Due Date”). 3.3 The Cardmember undertakes to verify the correctness of each monthly statement in respect of the Card received from the Bank within sixty (60) days from the statement date thereof of any discrepancies, omissions or debits wrongly made to or inaccuracies or incorrect entries in the Bank’s record of transaction or such monthly statement as so stated. The Cardmember agrees to notify the Bank about any unauthorized transaction within sixty (60) days from the statement date in such manner as the Bank may accept from time to time. If the Cardmember notifies the Bank of an unauthorized transaction within sixty (60) days from the statement date, the Bank will not impose any interest or finance charges on the disputed transaction while it is being investigated. If, however, the report made by the Cardmember is subsequently proved to be unfounded, the Bank reserves the right to re-impose the interest or finance charges on the disputed amount over the whole period, including the investigation period. The Cardmember agrees to follow the Bank’s instructions and cooperate fully with the Bank and any appropriate authorities during subsequent investigations into the unauthorized transaction(s) involving the Card. At the end of the sixty (60) days’ period, the transactions shown on the statement will be considered as correct, conclusive and binding on the Cardmember and the Cardmember will be deemed to have waived any right to raise any objection or pursue any remedies against the Bank in relation to such transaction. 3.4 Notwithstanding anything aforesaid, the Bank shall be entitled to revise any monthly statement previously sent to the Cardmember to correct any details contained therein which have been wrongly or mistakenly made by the Bank. The Cardmember agrees that paragraph 3.3 above shall also apply to such revised monthly statements.

Monthly Statements. 3.1 3.1. The Bank will maintain an account in respect of each Card (each a “Credit Card Account”) to which the values of all transactions effected through the use of the relevant Card and all charges, interests, fees and other sums payable hereunder (the “Charges”) will be debited. 3.2 3.2. Unless the Statement Balance for the relevant month carries a credit balance or a debit balance from retail purchase which is less than such amount as may be determined by the Bank from time to time (currently HK$10) and there has been no transaction since the immediately preceding monthly statement, the Bank will issue to each Cardmember a monthly statement in electronic form via such electronic means as the Bank may designate in respect of his Card setting out details of all Charges payable (the“Statement the “Statement Balance”) and the date on which the Minimum Payment Due must be paid (the “Payment Due Date”). Unless otherwise agreed by the Bank, no statement in relation to the Card will be issued by the Bank to the Cardmember in physical form. 3.3 3.3. The Cardmember undertakes to verify the correctness of each monthly statement in respect of the Card received from the Bank within sixty (60) days from the statement date thereof of any discrepancies, omissions or debits wrongly made to or inaccuracies or incorrect entries in the Bank’s record of transaction or such monthly statement as so stated. The Cardmember agrees to notify the Bank about any unauthorized transaction within sixty (60) days from the statement date in such manner as the Bank may accept from time to time. If the Cardmember notifies the Bank of an unauthorized transaction within sixty (60) days from the statement date, the Bank will not impose any interest or finance charges on the disputed transaction while it is being investigated. If, however, the report made by the Cardmember is subsequently proved to be unfounded, the Bank reserves the right to re-impose the interest or finance charges on the disputed amount over the whole period, including the investigation period. The Cardmember agrees to follow the Bank’s instructions and cooperate fully with the Bank and any appropriate authorities during subsequent investigations into the unauthorized transaction(s) involving the Card. At the end of the sixty (60) days’ period, the transactions shown on the statement will be considered as correct, conclusive and binding on the Cardmember and the Cardmember will be deemed to have waived any right to raise any objection or pursue any remedies against the Bank in relation to such transaction. 3.4 3.4. Notwithstanding anything aforesaid, the Bank shall be entitled to revise any monthly statement previously sent to the Cardmember to correct any details contained therein which have been wrongly or mistakenly made by the Bank. The Cardmember agrees that paragraph 3.3 above shall also apply to such revised monthly statements.