Common use of Your Credit Limit Clause in Contracts

Your Credit Limit. Your initial credit limit is disclosed to you in your Welcome Kit and your current credit limit will be indicated on each Statement. Your credit limit is the maximum amount of Transactions that can be charged to your Account. We determine your available credit by deducting the amount you owe us (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 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 be charged to your Account. From time to time, we may invite the Primary Cardholder to apply to increase the credit limit of the 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 the Account at any time, without notice to you.

Your Credit Limit. Your initial credit limit is disclosed to you We will establish a Credit Limit for your Account in your Welcome Kit and your current credit limit will be indicated on each Statementan amount as determined by us. Your credit limit The Credit Limit is the maximum combined amount of Transactions credit for Purchases, Balance Transfers and Cash Advances that can we agree to extend to you. The Program Administrator may, by providing written notice to us, request that portions of the Credit Limit be charged 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 determine may increase or decrease your available credit 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 deducting 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 you owe us of your Credit Limit that was available on the closing date of your billing cycle (including Transactions 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) from any payments that have not yet cleared as of the closing date of your credit limitbilling cycle. We A change in your Credit Limit will set a limit for Cash Advances on not affect your Accountobligation to pay us. Although we establish a credit limitYou agree that you will not exceed your Credit Limit at any time. Without limiting our other rights under this Agreement, we may, from time to time and at our discretion, approve charges you agree that cause if 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 Account balance 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 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 be charged to your Account. From time to time, we may invite the Primary Cardholder to apply to increase the credit limit of the 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 the Account Credit Limit at any time, without notice 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 youterminate this Agreement, demand repayment of any amounts due and owing, and demand the return of your Card.

Your Credit Limit. Your initial credit limit is disclosed to you in your Welcome Kit and your or current credit limit will be indicated on each Statementappears in the Information Box accompanying your Credit Card. Your credit limit This is the maximum amount of Transactions that can be charged which we allow you and your Authorized Users, taken together, to charge to your AccountAccount to cover purchases, Cash Advances, interest and fees. As the charges on your Account increase, the amount of credit available for you to use will decrease. We determine your calculate how much credit you have available credit by deducting from your credit limit the amount you owe us (including Transactions that the amount of any purchases we have authorized but not yet posted to your Account) . We may from time to time allow the amount you owe us to exceed your credit limit by authorizing transactions in excess of your credit limit. An Overlimit Fee will be charged to your Account when your balance exceeds your 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 to pay 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 administration of your account, we may ask if you want to change 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 increase your credit limit has changed and the Primary Cardholder remains responsible without your express consent to do so. You may also ask us at any time to review your eligibility for and must pay a credit limit increase. Some merchants require that purchases be pre-authorized. Your available credit will decrease by the amount authorized, whether or not you receive goods or services at 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 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 be charged to your Account. From time to time, we may invite the Primary Cardholder to apply to increase the credit limit of the 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 the Account at any time, without notice to you.

Your Credit Limit. Your initial credit limit is disclosed to you in your Welcome Kit and your current credit limit will be indicated on each Statement. Your credit limit is the maximum dollar amount of Transactions debt that can be charged to your remain outstanding in the Account. We determine your available credit at any time by deducting the amount you then owe to us (including Transactions that we have authorized but have not yet posted to your the Account) from your credit limit. We will set a limit for Cash Advances on your the Account. Although we establish a credit limit, we may, may from time to time 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 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 your 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 youyou as required by law. Merchants may request pre-authorization for certain transactions 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 your the Account, the over limit fee will not be charged to your the Account. From time to time, we may invite the Primary Cardholder to apply to increase the credit limit of for the Account. If the Primary Cardholder requests an increase to the credit limit, we may, at our discretion we may discretion, increase the credit limit up to the new credit limit applied for. We may decrease the credit limit of the Account at any time, without notice to you.

Your Credit Limit. Your initial The total credit limit applies to the Account, even if there is disclosed to you in your Welcome Kit and your current credit limit will be indicated more than one Card issued on each Statement. Your credit limit is the maximum amount of Transactions that can be charged to your Account. We determine show the credit limit on your available credit by deducting Card Carrier and on your Account statement. We will obtain the amount you owe us (including Transactions that we have authorized but not yet posted to your Account) from your express consent of the Primary or Additional Cardholder before increasing the credit limit. We will set a may reduce the credit limit for Cash Advances on your Accountat any time without telling you in advance. Although we establish a credit limit, we may, We are entitled to review the Account from time to time without prejudice to Meridian and at our discretionwe may share such information as is necessary under this Agreement. You shall deliver to Meridian, approve charges 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 cause your Balance all Authorized Users comply with this requirement. Failure to provide us with such information shall result in the Account not being in good standing. You do not have the right to exceed the credit limit. This does not mean If we allow you to exceed the credit limit, you will pay any over limit fee set out in the Card Carrier or in any notice that we provide to you. We will only charge one over limit fee in any monthly Account statement period. Any Cash Advance or Purchase which results in your credit limit has changed and the Primary Cardholder remains responsible for and must pay the amount that exceeds being exceeded shall be regarded as a request to increase your credit limit when dueto the maximum amount that can then be granted to you, taking into consideration Meridian’s applicable credit granting standards. However, we are not required Meridian has no obligation to allow you to exceed your credit limit, even if we have it has done so in the past. If your Account is over its credit limit You understand that we may decide not to authorize any time during a Statement period, you may be charged the over limit fee shown transaction that will result 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 the resulting “holds” will decrease your available credit. However, if you exceed your credit limit solely as a result of holds placed being exceeded or that takes place after the credit limit has been exceeded. You are liable for the entire balance, whether or not it exceeds the credit limit. You agree to repay forthwith on your Accountdemand any amount that exceeds the credit limit. We may modify, suspend or reduce the over credit limit fee will not be charged to your Account. From at any time and from time to time, we may invite time without notice. The Account shall be deemed to be in default and the Total Debt shall be immediately due and payable and security given herewith shall become enforceable if the Primary Cardholder or Additional Cardholder: • Fails to apply perform or observe any covenant whether or not contained herein in respect of any obligation to increase Meridian or fails to ensure that any Authorized User complies with the credit limit terms of this Agreement. • Commits or threatens to commit an act of bankruptcy or becomes insolvent or makes an assignment or proposal under the Account. If Bankruptcy and Insolvency Act (Canada), 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 any bankruptcy petition should be filed or presented against the Primary Cardholder requests an increase or Additional Cardholder. • Ceases 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 be a Member in good standing of the Account at any time, without notice to youMeridian.

Your Credit Limit. Your initial credit limit is disclosed to you in your Welcome Kit and your current credit limit will be indicated on each Statement. Your credit limit is the maximum dollar amount of Transactions debt that can be charged to your Accountremain outstanding in the Account at any time. We determine your available credit at any time by deducting the amount you then owe to us (including Transactions that we have authorized but have not yet posted to your the Account) from your credit limit. We will set a limit for Cash Advances on your the Account. Although we establish a credit limit, we may, may from time to time time, and at our discretion, approve charges 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 your 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 your the Account is over its 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 youyou as required by law. Merchants may request pre-authorization for certain transactions 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 your the Account, the over limit fee will not be charged to your the Account. From time to time, we may invite the Primary Cardholder to apply to increase the credit limit of for the Account. If the Primary Cardholder requests an increase to the credit limit, we may, at our discretion we may discretion, increase the credit limit up to the new credit limit applied for. We may decrease the credit limit of the Account at any time, without notice to you.