Common use of REPLACEMENT CARD Clause in Contracts

REPLACEMENT CARD. 14.1 During the validity period of the Card, subject to payment by the Cardholder of any replacement Card fee imposed by Merchantrade, a replacement Card shall be issued, at Merchantrade’s discretion, in the following circumstances:- (i) due to loss or theft of the Card; or (ii) due to faulty, damaged or defective Card arising from the Cardholder’s own negligence. 14.2 The balance from the blocked Card or defective Card Account will be transferred to the new Card Account accordingly upon activation of the replacement Card. 14.3 In the event the Cardholder does not wish to receive the replacement Card, his or her Card Account shall be terminated and the Card Account Balance shall be refunded to the Cardholder (less any applicable fees and charges) within fifteen (15) Business Days from the date the request was made and received by Merchantrade.

REPLACEMENT CARD. 14.1 10.1. During the validity period of the Card, subject to payment by the Cardholder of any replacement Card fee imposed by Merchantrade, a replacement Card shall be issued, at Merchantrade’s discretion, in the following circumstances:- circumstances: (i) due to loss or theft theJ of the Card; or or (ii) due to faulty, damaged or defective Card arising from the Cardholder’s own negligence. 14.2 10.2. The balance from the blocked Card or defective Card Account will be transferred to the new Card Account accordingly upon activation of the replacement Card. 14.3 In ▇▇.▇. ▇▇ the event the Cardholder does not wish to receive the replacement Card, his or her Card Account shall be terminated and the Card Account Balance shall be refunded to the Cardholder (less any applicable fees and charges) within fifteen fiJeen (15) Business Days from the date the request was made and received by Merchantrade.