LIABILITY FOR TRANSACTIONS. The Principal Cardmember shall be fully liable and responsible for all Card Transactions effected by the use of the Principal Card and Supplementary Card(s), whether or not executed with the Principal Cardmember’s knowledge or authority and notwithstanding that the available Designated Account balance or Card spending limit (as the case may be) applicable to the Card shall have been exceeded. For the avoidance of doubt, we shall be entitled, at our sole and absolute discretion, to allow Card Transactions by the Principal Card and/or Supplementary Card to be effected notwithstanding that the available Designated Account balance or Card spending limit have been overdrawn or exceeded, and shall not be liable to you for any loss, charges or damages resulting therefrom.
Appears in 6 contracts
Samples: Ocbc Debit Cardmembers Agreement, Ocbc Debit Cardmembers Agreement, Debit Cardmembers Agreement
