Common use of Liability of the Cardmember Clause in Contracts

Liability of the Cardmember. You promise to pay us all amounts due on the Account. You may pay your Account balance in full at any time. If you or an Authorized User allows someone else to use the Account, you are liable for repaying any amount resulting from the transactions made by that person and anyone else that person allows to use the Account. If there is more than one Cardmember on the Account, each of you is jointly and severally liable for all amounts due on the Account. This means we may, in our sole discretion, hold either of you liable for all amounts due on the Account or we may hold each of you liable for any portion of the amount due on the Account. We may release a Cardmember or any person who uses the Account from liability at any time for any reason or for no reason at all. We are not bound by the terms of a legal judgement or similar disposition to which we are not a party, including divorce decrees that allocate liability for the Account between former spouses.

Appears in 5 contracts

Samples: Usaa Credit Card Agreement, Usaa Credit Card Agreement, Usaa Credit Card Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.