Establishment of Credit Card Accounts Sample Clauses
The "Establishment of Credit Card Accounts" clause defines the process and requirements for opening and maintaining credit card accounts under an agreement. It typically outlines the eligibility criteria for applicants, the procedures for account approval, and any initial documentation or verification needed. By setting clear terms for account creation, this clause ensures that both the issuer and the cardholder understand the conditions under which credit card accounts are established, thereby reducing misunderstandings and managing risk for both parties.
Establishment of Credit Card Accounts. Upon approval of an application, Bank shall establish a Credit Card Account for the applicant. Bank shall provide one or more Credit Cards to each approved applicant and shall automatically issue a renewal card to each Cardholder at each scheduled Credit Card renewal date if such Cardholder continues to meet the Credit Criteria. Bank shall prepare and provide to each Cardholder a Cardholder Agreement and disclosure statement and such other notices or documents related to such Cardholder’s Credit Card Account as are required from time to time, in the reasonable determination of Bank, under applicable laws and regulations. The Cardholder Agreement and disclosure statement and other documents shall provide, as appropriate, that they are governed by South Dakota law and federal law. Bank shall be responsible for preparing and providing said documents and shall ensure that the documents are legally enforceable contracts under South Dakota law. Notwithstanding the foregoing, Marketer shall ensure that the Cardholder Agreement and disclosure statement comply with all other applicable laws and regulations as stated in Section 2.18.
Establishment of Credit Card Accounts upon approval of an application, CB&T shall establish a Credit Card Account for the applicant. CB&T shall provide one or more Credit Cards to each approved applicant and shall automatically issue a renewal card to each Cardholder at each scheduled Credit Card renewal date, if such Cardholder continues to meet the Credit Criteria. On CB&T's behalf, BFC will prepare and provide to each Cardholder a Cardholder Agreement and disclosure statement and such other notices or documents related to such Cardholder's Credit Card Account as are required from time to time under applicable laws and regulations. The Cardholder Agreement and disclosure statement and other documents shall provide, as appropriate, that they are governed by Georgia law and federal law. BFC shall be responsible for preparing and providing said documents and shall ensure that they comply with all applicable laws and regulations. In connection with secured Credit Card Accounts, the Cardholder Agreements provided by BFC shall include appropriate language that is designed to grant CB&T a valid and enforceable security interest in the Deposit Accounts.
Establishment of Credit Card Accounts. 2.1 Issuance of Credit Cards. Bank shall issue Credit Cards to applicants who qualify for such Cards under the Credit Criteria (as defined in Section 2.3 hereof) and shall extend all credit with respect to such Credit Cards. Bank and Marketer intend that Bank shall be the creditor on the Credit Card Account and that Marketer shall not be considered a creditor on any Credit Card Account for any purpose whatsoever. Subject to the Operating Regulations (as defined in Section 2.9 hereof) and the terms of Section 2.7 herein, each Credit Card shall have the name, logo and/or trademark of [Brand] Card or an Alternative Logo on the front thereof and shall be of a design approved by Bank, Marketer and MasterCard, as applicable.
Establishment of Credit Card Accounts. Upon approval of an application, CB&T shall establish a Credit Card Account for the applicant. CB&T shall provide one or more Credit Cards to each approved applicant and shall automatically issue a renewal card to each Cardholder at each scheduled Credit Card renewal date, if such Cardholder continues to meet the Credit Criteria. CB&T shall prepare and provide to each Cardholder a Cardholder Agreement and disclosure statement and such other notices or documents related to such Cardholder's Credit Card Account as are required from time to time, in the determination of CB&T, under applicable laws and regulations. The Cardholder Agreement and disclosure statement and other documents shall provide, as appropriate, that they are governed by Georgia law and federal law. CB&T shall be responsible for preparing and providing said documents and shall ensure that they comply with all material applicable laws and regulations.
Establishment of Credit Card Accounts