Common use of Card Account Clause in Contracts

Card Account. 3.1 The Card Account and related services are also governed by the terms and conditions of the “OCBC Wing Hang Bank Limited Terms and Conditions for all Accounts and Related Services” together with the amendments and supplements applicable from time to time. The Cardholder may obtain a copy of the aforesaid terms and conditions at our branches and our website. The aforesaid terms and conditions are binding on the Cardholder despite his lack of actual notice or knowledge thereof. 3.2 We maintain a Card Account of the Card Transactions. We debit the values of the followings to the Card Account: (a) all purchase of goods and/or services; (b) all balance transfers, cash advances or any other transactions in connection with or effected by using the Card or Card Account or Card Account Number (whether or not the Cardholder or another person uses the Card physically or otherwise); and (c) all related charges, fees, interests, outstanding balance, costs, expenses and other sums payable under this Agreement. Connected Party Transactions 3.3 Each Facility is granted on the basis that the Borrower warrants that : (a) each such Facility is not, in relation to the Bank, : (i) a facility in breach of the statutory limits under Part 8 of the “Banking (Exposure Limits) Rule” (Cap.155S) and the Supervisory Policy Manual (CR-G-9) “Exposures to Connected Parties” issued by the Hong Kong Monetary Authority, or (ii) a loan, quasi-loan or credit transaction prohibited under Division 2 of Part 11 of the “Companies Ordinance” (Cap.622); (b) the Borrower, or any of its directors, partners, managers or agents, or any of its guarantor is not in any way, for the purposes of any of the said Rule, the said Ordinance and the said Supervisory Policy Manual, related to or connected or associated with any director, chief executive, senior management, key staff, lending oÆcer, controller, minority shareholder controller of the Bank (or its holding company or any of its subsidiaries and aÆliates), or any connected entity of the Bank; and (c) in any event, the Borrower is not a connected party (as defined under the said Rule and the said Supervisory Policy Manual) of the Bank, and is not a connected entity (as defined under the said Ordinance) of the Bank. The Borrower undertakes to notify the Bank immediately if after the granting of any such Facility, any of the foregoing warranties ceases to be accurate or becomes untrue.

Card Account. 3.1 The Card Account and related services are also governed by the terms and conditions of the “OCBC Wing Hang Bank (Hong Kong) Limited Terms and Conditions for all Accounts and Related Services” together with the amendments and supplements applicable from time to time. The Cardholder may obtain a copy of the aforesaid terms and conditions at our branches and our website. The aforesaid terms and conditions are binding on the Cardholder despite his lack of actual notice or knowledge thereof. 3.2 We maintain a Card Account of the Card Transactions. We debit the values of the followings to the Card Account: (a) all purchase of goods and/or services; (b) all balance transfers, cash advances or any other transactions in connection with or effected by using the Card or Card Account or Card Account Number (whether or not the Cardholder or another person uses the Card physically or otherwise); and (c) all related charges, fees, interests, outstanding balance, costs, expenses and other sums payable under this Agreement. Connected Party Transactions 3.3 Each Facility is granted on the basis that the Borrower warrants that : (a) each such Facility is not, in relation to the Bank, : (i) a facility in breach of the statutory limits under Part 8 of the “Banking (Exposure Limits) Rule” (Cap.155S) and the Supervisory Policy Manual (CR-G-9) “Exposures to Connected Parties” issued by the Hong Kong Monetary Authority, or (ii) a loan, quasi-loan or credit transaction prohibited under Division 2 of Part 11 of the “Companies Ordinance” (Cap.622); (b) the Borrower, or any of its directors, partners, managers or agents, or any of its guarantor is not in any way, for the purposes of any of the said Rule, the said Ordinance and the said Supervisory Policy Manual, related to or connected or associated with any director, chief executive, senior management, key staff, lending oÆcer, controller, minority shareholder controller of the Bank (or its holding company or any of its subsidiaries and aÆliates), or any connected entity of the Bank; and (c) in any event, the Borrower is not a connected party (as defined under the said Rule and the said Supervisory Policy Manual) of the Bank, and is not a connected entity (as defined under the said Ordinance) of the Bank. The Borrower undertakes to notify the Bank immediately if after the granting of any such Facility, any of the foregoing warranties ceases to be accurate or becomes untrue.