Common use of LIABILITY FOR TRANSACTIONS Clause in Contracts

LIABILITY FOR TRANSACTIONS. 9.1 Notwithstanding any other provisions of this Agreement, the Employer shall (without prejudice to the Bank's rights against the Cardholder) be wholly liable to the Bank for the value of all Card Transactions effected by the Cardholder (whether voluntarily or otherwise) as well as all amounts properly debited to the Card Account (wherever effected and whether or not (a) that transaction has been undertaken for the business purposes of the Employer or (b) that transaction may have arisen as a result of actions of the Cardholder without the Employer's authority or (c) authorisation has been obtained from the Bank in respect of that transaction or (d) the Card has been used in breach of any other terms contained herein or the Conditions of Use or (e) the Employer's Programme credit limit may be exceeded) as well as all fees, interest and charges payable under this Agreement. This liability shall include any transactions undertaken after the cancellation of a Card, subject however to the terms of this Clause.

Appears in 3 contracts

Samples: www.business.hsbc.com.hk, www.business.hsbc.com.hk, www.business.hsbc.com.hk

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LIABILITY FOR TRANSACTIONS. 9.1 Notwithstanding any other provisions of this Agreement, the Employer Customer shall (without prejudice to the Bank's rights against the Cardholder) be wholly liable to the Bank for the value of all Card Transactions effected by the Cardholder (whether voluntarily or otherwise) as well as all amounts properly debited to the Card Account (wherever effected and whether or not (a) that transaction has been undertaken for the business purposes of the Employer Customer or (b) that transaction may have arisen as a result of actions of the Cardholder without the EmployerCustomer's authority or (c) authorisation has been obtained from the Bank in respect of that transaction or (d) the Card has been used in breach of any other terms contained herein or the Conditions of Use or (e) the EmployerCustomer's Programme credit limit may be exceeded) as well as all fees, interest and charges payable under this Agreement. This liability shall include any transactions undertaken after the cancellation of a Card, subject however to the terms of this Clause.

Appears in 2 contracts

Samples: www.business.hsbc.com.hk, www.business.hsbc.com.hk

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