Common use of The Card Remains Our Property Clause in Contracts

The Card Remains Our Property. The Card remains our property and we can revoke your right to use it any time if you are in breach of the Cardmember Agreement or may list revoked Cards in our “Cancellation Bulletin”, or otherwise inform Establishments that the Card issued to you has been revoked or cancelled. If we revoke the Card or it expires or if the Corporate Account is cancelled, you or the Company must return it to us if we request. Also, if a Service Establishment asks you to surrender an expired or revoked Card, you must do so. You may not use the Card after it has expired or after it has been revoked. The revocation, repossession or request for the return of the Card is not, and shall not constitute, any reflection on your character or the Company’s or your credit worthiness and we shall not be liable in any way for any statement made by any person requesting the return or surrender of the Card.

Appears in 2 contracts

Sources: Corporate Card Agreement, Corporate Card Agreement