Common use of Termination and Revocation Clause in Contracts

Termination and Revocation. (a) I may terminate my credit privileges on my Account at any time by notifying you of my intention to terminate. Card(s) are issued with an expiration date. You have the right not to renew my account. Without limiting your rights provided in the section of the Agreement entitled “Default”, you have the right to revoke any of the rights and privileges attached to my Card(s) and terminate this Agreement as to future Purchases or Cash Advances at any time for any reason, all without prior notice. If either of us terminates my credit privileges, I must pay all Debt at once and return my Card(s) to you at once. I agree that my obligations and rights under this Agreement will remain in effect following revocation or termination until all balances on my Account incurred before or after revocation are paid in full. (b) If I fail to comply with my obligations to you under this Agreement, I will be liable to you for: (i) all court costs and reasonable legal fees and expenses (on a solicitor-client basis) you incur through any legal process to recover any Debt; and (ii) all costs and expenses you incur in reclaiming my Card(s). (c) This product is not available for residents in the province of Québec.