Overdrawn Card Account Clause Samples
Overdrawn Card Account. We may at our discretion allow the Card Account to be overdrawn. We may charge an overdraft charge based on the amount of the overdrawn balance existing at any time on the Card Account. We may debit the overdraft charge to the Card Account monthly or at such other intervals as we may determine. You shall on demand pay such amount overdrawn, together with such charges as may be prescribed by us from time to time. Under no circumstances shall this be construed as the granting of any credit facilities to either of you.
Overdrawn Card Account. Notwithstanding any other provisions of this Agreement, the Bank may in its discretion and without giving prior notice approve, authorise or allow any Card Transaction to be effected during any period even though such Card Transaction would result in the Firm’s Card Account being overdrawn and/or the Firm’s spending limit being exceeded as a consequence. The Bank’s determination on whether the Firm’s spending limit has been exceeded shall be conclusive and binding on the Firm.