Common use of Refund or credit Clause in Contracts

Refund or credit. We will be entitled to credit any account that you maintain with us (including any deposit account or other card account) with any refund in respect of any Card Transaction or any payment or other credit due to you at such time as we may determine in accordance with our usual practice after our receipt of the amount of such refund, payment or credit in Singapore. If such refund, payment or credit is received in a currency other than Singapore dollars, we will convert it to Singapore dollars at such time and rate of exchange as we may in our reasonable discretion adopt in accordance with our usual practice. If such refund, payment or credit is credited into any card account that you maintain with us, the same shall not be remitted to you unless we otherwise determine but shall be applied towards the full or partial discharge of any current balance on such card account.

Appears in 40 contracts

Samples: S Agreement, ’s Agreement, Citi Ultima

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