Common use of Termination by Primary Cardholder or Secondary Cardholder Clause in Contracts

Termination by Primary Cardholder or Secondary Cardholder. A Secondary Cardholder’s Card may be terminated at the request of the Primary Cardholder or the Secondary Cardholder at any time by returning the Secondary Cardholders Card to Commerce. Termination, whether by the Primary Cardholder, the Secondary Cardholder or by Commerce, shall not affect prior transactions or obligations relating to the Secondary Card existing at the time of termination. Upon completion of the processing of all outstanding transactions, disputes and fees, this Agreement will terminate with respect to the Secondary Card.