![]() ![]() ![]() We retain the right to increase or decrease your credit line at any time for any reason. Obtaining such credit does not increase your credit line and if you exceed your Credit Limit repeatedly, we may suspend your credit privilege under this Agreement. However, if you temporarily exceed your credit line, you agree to repay the excess immediately, even if we have not yet billed you. You agree not to attempt to obtain more credit than the amount of your credit line. That amount will be the maximum amount you may have outstanding at any time. We will advise you of the amount of your credit line. You will, within the time period specified by applicable law, provide Processor with a credit memorandum or credit statement for every return of goods or forgiveness of debt for services which were the subject of a Card transaction.Ĭredit Line If your application is approved by us, this agreement will constitute a revolving line of credit for an amount which will be the credit line under your Account. You will not submit a credit relating to any Sales Draft not originally submitted to Processor, nor will you submit a credit that exceeds the amount of the original Sales Draft. Member Bank will debit the Merchant Account for the total face amount of each credit memorandum submitted to Processor. Credit Memoranda You will issue a credit memorandum, instead of making a cash advance, a disbursement or a cash refund on any Card transaction. ![]()
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