Supplementary cardmember’s liability Sample Clauses

The Supplementary cardmember’s liability clause defines the financial responsibilities of individuals who are issued additional cards linked to a primary account. Typically, this clause outlines that supplementary cardmembers are liable for any transactions or debts incurred using their card, even though the primary account holder remains ultimately responsible for the overall account. This provision ensures that both the primary and supplementary cardmembers understand their obligations, helping to allocate risk and clarify accountability for charges made with supplementary cards.
Supplementary cardmember’s liability. The supplementary cardmember is liable only for that part of the total outstanding balance in respect of his supplementary card; he is not liable in any way for such part of the total outstanding balance in relation to the card issued to the basic cardmember and any supplementary card issued to any other supplementary cardmember.
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Related to Supplementary cardmember’s liability

  • Supplementary Card a card which is issued by the Bank to the client and/or other person nominated by the client and which is linked to the existing card account of the client;

  • Workers' compensation and employer's liability insurance endorsements The following are required: (i) CANCELLATION endorsement which provides that the District is entitled to 30 days prior written notice of cancellation or nonrenewal of the policy, or reduction in coverage, by certified mail, return receipt requested. (ii) WAIVER OF SUBROGATION endorsement which provides that the insurer will waive its right of subrogation against the District, its Trustees, and their officials, employees, volunteers, and agents with respect to any losses paid under the terms of the workers' compensation and employer's liability insurance policy which arise from work performed by the Named Insured for the District.

  • Workers’ Compensation/Employer’s Liability Insurance The minimum limits of insurance are: Part One: “Statutory” Part Two: Each Accident $1,000,000 Disease – Policy Limit $1,000,000 Disease – Each Employee $1,000,000

  • Worker's Compensation and Employer's Liability Insurance The Contractor shall have in effect during the entire life of this Agreement Workers' Compensation and Employer's Liability Insurance providing full statutory coverage. In signing this Agreement, the Contractor certifies, as required by Section 1861 of the California Labor Code, that it is aware of the provisions of Section 3700 of the California Labor Code which requires every employer to be insured against liability for Worker's Compensation or to undertake self-insurance in accordance with the provisions of the Code, and I will comply with such provisions before commencing the performance of the work of this Agreement.

  • Workers’ Compensation/Employer’s Liability The Contractor shall have, maintain, and provide proof of Workers’ Compensation insurance.