Common use of EXCEEDING SPENDING LIMIT Clause in Contracts

EXCEEDING SPENDING LIMIT. We may in our discretion and without giving prior notice approve, authorize or allow any Card Transaction to be effected during any period even though such Card Transaction would result in your Debit Card Account being overdrawn and/or Credit Limit being exceeded as a consequence. On any occasion where the Credit Limit relating to your Credit Card Account has been exceeded, you shall immediately pay us the amount in excess of your Credit Limit. We may also refuse to authorise any Card Transaction that you wish to effect even though such Card Transaction would not cause the Credit Limit to be exceeded. Our determination on whether your Spending Limit has been exceeded shall be conclusive and binding on you.