Common use of CREDIT LIMITS Setting Limits Clause in Contracts

CREDIT LIMITS Setting Limits. 3.1 We may set (and alter) a Credit Limit for a Customer. Unless We explicitly give one, such limit will be zero. You must truthfully and accurately tell Us everything You know or should know might influence Us in setting or continuing a Credit Limit. We will choose the method to tell You We have acted under this Condition 3.1 and need not give You any reason for any decision We make under it 3.2 You can ask Us (verbally or in Writing) to set, or alter, a Credit Limit If You do You must give Us all information We ask for and the Credit Limit You want.