Common use of Card Cancellation And Suspension Clause in Contracts

Card Cancellation And Suspension. a) Each Corporate Card remains our property and we may cancel the Account or any Corporate Card(s) at our discretion if you or Corporate Cardmembers are in breach of this agreement or the Cardmember Agreement or for any reason relating to the credit status of your Account or for reasons of fraud or dishonesty or where otherwise permitted by law. Also you may request us to cancel the Account or any Corporate Card(s) and are entitled to a refund or credit of a pro-rata portion of your annual fee. Subject to the other provisions of this agreement, you and each Corporate Cardmember shall remain liable for all Charges incurred on a Corporate Card after the Corporate Card is cancelled. You agree to indemnify us and hold us harmless for any losses, damages or liability arising from a claim against us for wrongful cancellation of a Corporate Card.