Common use of Your Credit Limit Clause in Contracts

Your Credit Limit. We will establish a Credit Limit for your Account in an amount as determined by us. The Credit Limit is the combined amount of credit for Purchases, Balance Transfers and Cash Advances that we agree to extend to you. The Program Administrator may, by providing written notice to us, request that portions of the Credit Limit be allocated to specific Authorized Users. We may modify or terminate any granted allocation of the Credit Limit in our sole discretion. We will tell you your initial Credit Limit when we open your Account. We may increase or decrease your Credit Limit at any time, in our sole discretion. We will notify you of any change in your Credit Limit as may be required by law. Changes to your Credit Limit may take effect before you receive such notice. Your Statement will show your Credit Limit as adjusted from time to time. In addition, the Statement will disclose the amount of your Credit Limit that was available on the closing date of your billing cycle (your “Available Revolving Credit Line”). Your Available Revolving Credit Line will be the amount of your Credit Limit, minus the sum of (a) your New Balance and (b) any Purchases, Cash Advances and Balance Transfers that we have authorized but not yet posted to your Account, and (c) any payments that have not yet cleared as of the closing date of your billing cycle. A change in your Credit Limit will not affect your obligation to pay us. You agree that you will not exceed your Credit Limit at any time. Without limiting our other rights under this Agreement, you agree that if your Account balance exceeds your Credit Limit at any time, you will immediately pay us for the full amount of the excess. In addition, if you do exceed your Credit Limit, we reserve the right to terminate this Agreement, demand repayment of any amounts due and owing, and demand the return of your Card.

Your Credit Limit. We Your initial credit limit is disclosed to you in your Welcome Kit and your current credit limit will establish a Credit Limit for your Account in an amount as determined by usbe indicated on each Statement. The Credit Limit Your credit limit is the combined maximum amount of credit for Purchases, Balance Transfers and Cash Advances Transactions that we agree can be charged to extend to you. The Program Administrator may, by providing written notice to us, request that portions of the Credit Limit be allocated to specific Authorized Users. We may modify or terminate any granted allocation of the Credit Limit in our sole discretion. We will tell you your initial Credit Limit when we open your Account. We may increase or decrease determine your Credit Limit at any time, in our sole discretion. We will notify you of any change in your Credit Limit as may be required available credit by law. Changes to your Credit Limit may take effect before you receive such notice. Your Statement will show your Credit Limit as adjusted from time to time. In addition, the Statement will disclose deducting the amount of your Credit Limit that was available on the closing date of your billing cycle you owe us (your “Available Revolving Credit Line”). Your Available Revolving Credit Line will be the amount of your Credit Limit, minus the sum of (a) your New Balance and (b) any Purchases, Cash Advances and Balance Transfers including Transactions that we have authorized but not yet posted to your Account) from your credit limit. We will set a limit for Cash Advances on your Account. Although we establish a credit limit, we may, from time to time and at our discretion, approve charges that cause your Balance to exceed the credit limit. This does not mean that your credit limit has changed and the Primary Cardholder remains responsible for and must pay the amount that exceeds your credit limit when due. However, we are not required to allow you to exceed your credit limit, even if we have done so in the past. If your Account is over its credit limit any time during a Statement period, you may be charged the over limit fee shown in the Disclosure Summary once per Statement period. The over limit fee may be amended with notice to you. Merchants may request pre-authorization for certain transactions such as hotel or rental car reservations, and (c) any payments that have the resulting “holds” will decrease your available credit. However, if you exceed your credit limit solely as a result of holds placed on your Account, the over limit fee will not yet cleared as be charged to your Account. From time to time, we may invite the Primary Cardholder to apply to increase the credit limit of the closing date Account. If the Primary Cardholder requests an increase to the credit limit, at our discretion we may increase the credit limit up to the new limit applied for. We may decrease the credit limit of your billing cycle. A change in your Credit Limit will not affect your obligation to pay us. You agree that you will not exceed your Credit Limit at any time. Without limiting our other rights under this Agreement, you agree that if your the Account balance exceeds your Credit Limit at any time, you will immediately pay us for the full amount of the excess. In addition, if you do exceed your Credit Limit, we reserve the right without notice to terminate this Agreement, demand repayment of any amounts due and owing, and demand the return of your Cardyou.

Your Credit Limit. We will establish a Your initial or current credit limit appears in the Information Box accompanying your Credit Limit for Card. This is the maximum amount which we allow you and your Authorized Users, taken together, to charge to your Account in an amount as determined by usto cover purchases, Cash Advances, interest and fees. The Credit Limit is As the combined charges on your Account increase, the amount of credit available for Purchases, Balance Transfers and Cash Advances that we agree you to extend to you. The Program Administrator may, by providing written notice to us, request that portions of the Credit Limit be allocated to specific Authorized Usersuse will decrease. We may modify or terminate any granted allocation of calculate how much credit you have available by deducting from your credit limit the Credit Limit in our sole discretion. We will tell amount you your initial Credit Limit when we open your Account. We may increase or decrease your Credit Limit at any time, in our sole discretion. We will notify you of any change in your Credit Limit as may be required by law. Changes to your Credit Limit may take effect before you receive such notice. Your Statement will show your Credit Limit as adjusted from time to time. In addition, the Statement will disclose owe us including the amount of your Credit Limit that was available on the closing date of your billing cycle (your “Available Revolving Credit Line”). Your Available Revolving Credit Line will be the amount of your Credit Limit, minus the sum of (a) your New Balance and (b) any Purchases, Cash Advances and Balance Transfers that purchases we have authorized but not yet posted to your Account, and (c) any payments that have not yet cleared as of . We may from time to time allow the closing date amount you owe us to exceed your credit limit by authorizing transactions in excess of your billing cyclecredit limit. A change in your Credit Limit An Overlimit Fee will not affect your obligation be charged to pay us. You agree that you will not exceed your Credit Limit at any time. Without limiting our other rights under this Agreement, you agree that if your Account when your balance exceeds your Credit Limit credit limit at any time during your monthly statement period. However, RBC Avion® Visa Infinite Privilege‡ and RBC Avion Visa Infinite Privilege for Private Banking Accounts are not charged an Overlimit Fee. The Overlimit Fee does not apply if any of you reside in Quebec. We may, at any time, refuse to authorize transactions in excess of your credit limit and require you will immediately to pay us for the full amount any balances which exceed your credit limit. Your monthly statement shows your current credit limit as well as your available credit. We may reduce your credit limit, without prior notice, where appropriate including if you consistently make late payments — or make no payments at all — or where there is a risk of loss to us, including a deterioration due to credit quality. From time to time, as part of the excess. In additionadministration of your account, we may ask if you want to change your credit limit. We will not increase your credit limit without your express consent to do exceed so. You may also ask us at any time to review your Credit Limiteligibility for a credit limit increase. Some merchants require that purchases be pre-authorized. Your available credit will decrease by the amount authorized, we reserve the right to terminate this Agreement, demand repayment of any amounts due and owing, and demand the return of your Cardwhether or not you receive goods or services at that time.

Your Credit Limit. We Your initial credit limit is disclosed to you in your Welcome Kit and your current credit limit will establish a Credit Limit for your Account in an amount as determined by usbe indicated on each Statement. The Credit Limit Your credit limit is the combined maximum dollar amount of credit for Purchases, Balance Transfers and Cash Advances debt that we agree to extend to you. The Program Administrator may, by providing written notice to us, request that portions of can remain outstanding in the Credit Limit be allocated to specific Authorized Users. We may modify or terminate any granted allocation of the Credit Limit in our sole discretion. We will tell you your initial Credit Limit when we open your Account. We may increase or decrease your Credit Limit Account at any time, in our sole discretion. We will notify you of determine your available credit at any change in your Credit Limit as may be required time by law. Changes to your Credit Limit may take effect before you receive such notice. Your Statement will show your Credit Limit as adjusted from time to time. In addition, the Statement will disclose deducting the amount of your Credit Limit that was available on the closing date of your billing cycle you then owe to us (your “Available Revolving Credit Line”). Your Available Revolving Credit Line will be the amount of your Credit Limit, minus the sum of (a) your New Balance and (b) any Purchases, Cash Advances and Balance Transfers including Transactions that we have authorized but have not yet posted to the Account) from your credit limit. We will set a limit for Cash Advances on the Account. Although we establish a credit limit, we may from time to time, and at our discretion, approve Transactions that cause your Balance to exceed the credit limit. This does not mean that your credit limit has changed and the Primary Cardholder remains responsible for and must pay the amount that exceeds the credit limit when your next minimum payment is due. However, we are not required to allow you to exceed your credit limit, even if we have done so in the past. If the Account is over your credit limit any time during a Statement period, you may be charged the over limit fee shown in the Disclosure Summary once per Statement period. The over limit fee may be amended by us at any time with notice to you as required by law. Merchants may request pre-authorization for certain Transactions such as hotel or rental car reservations, and the resulting “holds” will decrease your available credit. However, if you exceed your credit limit solely as a result of holds placed on the Account, and (c) any payments that have the over limit fee will not yet cleared as be charged to the Account. From time to time, we may invite the Primary Cardholder to apply to increase the credit limit for the Account. If the Primary Cardholder requests an increase to the credit limit, we may, at our discretion, increase the credit limit up to the new credit limit applied for. We may decrease the credit limit of the closing date of your billing cycle. A change in your Credit Limit will not affect your obligation to pay us. You agree that you will not exceed your Credit Limit at any time. Without limiting our other rights under this Agreement, you agree that if your Account balance exceeds your Credit Limit at any time, you will immediately pay us for the full amount of the excess. In addition, if you do exceed your Credit Limit, we reserve the right without notice to terminate this Agreement, demand repayment of any amounts due and owing, and demand the return of your Cardyou.

Your Credit Limit. We Your initial credit limit is disclosed to you in your Welcome Kit and your current credit limit will establish a Credit Limit for your Account in an amount as determined by usbe indicated on each Statement. The Credit Limit Your credit limit is the combined maximum dollar amount of credit for Purchases, Balance Transfers and Cash Advances debt that we agree to extend to you. The Program Administrator may, by providing written notice to us, request that portions of can remain outstanding in the Credit Limit be allocated to specific Authorized Users. We may modify or terminate any granted allocation of the Credit Limit in our sole discretion. We will tell you your initial Credit Limit when we open your Account. We may increase or decrease determine your Credit Limit available credit at any time, in our sole discretion. We will notify you of any change in your Credit Limit as may be required time by law. Changes to your Credit Limit may take effect before you receive such notice. Your Statement will show your Credit Limit as adjusted from time to time. In addition, the Statement will disclose deducting the amount of your Credit Limit that was available on the closing date of your billing cycle you then owe to us (your “Available Revolving Credit Line”). Your Available Revolving Credit Line will be the amount of your Credit Limit, minus the sum of (a) your New Balance and (b) any Purchases, Cash Advances and Balance Transfers including Transactions that we have authorized but have not yet posted to the Account) from your credit limit. We will set a limit for Cash Advances on the Account. Although we establish a credit limit, we may from time to time, and at our discretion, approve charges that cause your Balance to exceed the credit limit. This does not mean that your credit limit has changed and the Primary Cardholder remains responsible for and must pay the amount that exceeds the credit limit when due. However, we are not required to allow you to exceed your credit limit, even if we have done so in the past. If the Account is over its credit limit any time during a Statement period, you may be charged the over limit fee shown in the Disclosure Summary once per Statement period. The over limit fee may be amended by us at any time with notice to you as required by law. Merchants may request pre-authorization for certain Transactions such as hotel or rental car reservations, and the resulting “holds” will decrease your available credit. However, if you exceed your credit limit solely as a result of holds placed on the Account, and (c) any payments that have the over limit fee will not yet cleared as be charged to the Account. From time to time, we may invite the Primary Cardholder to apply to increase the credit limit for the Account. If the Primary Cardholder requests an increase to the credit limit, we may, at our discretion, increase the credit limit up to the new credit limit applied for. We may decrease the credit limit of the closing date of your billing cycle. A change in your Credit Limit will not affect your obligation to pay us. You agree that you will not exceed your Credit Limit at any time. Without limiting our other rights under this Agreement, you agree that if your Account balance exceeds your Credit Limit at any time, you will immediately pay us for the full amount of the excess. In addition, if you do exceed your Credit Limit, we reserve the right without notice to terminate this Agreement, demand repayment of any amounts due and owing, and demand the return of your Cardyou.

Your Credit Limit. The total credit limit applies to the Account, even if there is more than one Card issued on the Account. We show the credit limit on your Card Carrier and on your Account statement. We will establish a Credit Limit for obtain the express consent of the Primary or Additional Cardholder before increasing the credit limit. We may reduce the credit limit at any time without telling you in advance. We are entitled to review the Account from time to time without prejudice to Meridian and we may share such information as is necessary under this Agreement. You shall deliver to Meridian, or as we may direct, any information which we may require from time to time with respect to your personal financial affairs, to ensure the Account and information thereto is current and to maintain the integrity of the credit reporting system. You shall ensure that all Authorized Users comply with this requirement. Failure to provide us with such information shall result in an amount as determined by usthe Account not being in good standing. The Credit Limit is You do not have the combined amount of right to exceed the credit for Purchaseslimit. If we allow you to exceed the credit limit, Balance Transfers and Cash Advances you will pay any over limit fee set out in the Card Carrier or in any notice that we agree to extend provide to you. The Program Administrator mayWe will only charge one over limit fee in any monthly Account statement period. Any Cash Advance or Purchase which results in your credit limit being exceeded shall be regarded as a request to increase your credit limit to the maximum amount that can then be granted to you, by providing written notice taking into consideration Meridian’s applicable credit granting standards. Meridian has no obligation to usallow you to exceed your credit limit, request even if it has done so in the past. You understand that portions of we may decide not to authorize any transaction that will result in your credit limit being exceeded or that takes place after the Credit Limit be allocated credit limit has been exceeded. You are liable for the entire balance, whether or not it exceeds the credit limit. You agree to specific Authorized Usersrepay forthwith on demand any amount that exceeds the credit limit. We may modify modify, suspend or terminate any granted allocation of reduce the Credit Limit in our sole discretion. We will tell you your initial Credit Limit when we open your Account. We may increase or decrease your Credit Limit credit limit at any time, in our sole discretion. We will notify you of any change in your Credit Limit as may be required by law. Changes to your Credit Limit may take effect before you receive such notice. Your Statement will show your Credit Limit as adjusted time and from time to timetime without notice. In addition, The Account shall be deemed to be in default and the Statement will disclose Total Debt shall be immediately due and payable and security given herewith shall become enforceable if the amount Primary Cardholder or Additional Cardholder: • Fails to perform or observe any covenant whether or not contained herein in respect of your Credit Limit that was available on the closing date of your billing cycle (your “Available Revolving Credit Line”). Your Available Revolving Credit Line will be the amount of your Credit Limit, minus the sum of (a) your New Balance and (b) any Purchases, Cash Advances and Balance Transfers that we have authorized but not yet posted to your Account, and (c) any payments that have not yet cleared as of the closing date of your billing cycle. A change in your Credit Limit will not affect your obligation to pay us. You agree Meridian or fails to ensure that you will not exceed your Credit Limit at any time. Without limiting our other rights under Authorized User complies with the terms of this Agreement. • Commits or threatens to commit an act of bankruptcy or becomes insolvent or makes an assignment or proposal under the Bankruptcy and Insolvency Act (Canada), you agree that as amended, replaced or superseded, or, as applicable, any similar legislation or a general assignment in favour of his or her creditors or otherwise acknowledges his or her insolvency or an attachment, execution or levy against his or her property is made, or if your Account balance exceeds your Credit Limit at any time, you will immediately pay us for bankruptcy petition should be filed or presented against the full amount Primary Cardholder or Additional Cardholder. • Ceases to be a Member in good standing of the excess. In addition, if you do exceed your Credit Limit, we reserve the right to terminate this Agreement, demand repayment of any amounts due and owing, and demand the return of your CardMeridian.