Laserfiche WebLink
BMO EPURCHASING SOLUTIONS <br /> CORPORATE MASTERCARD PROGRAM <br /> MEMBER ACCOUNT AGREEMENT <br /> THIS AGREEMENT made as of the day of , 20_, <br /> Between with its principal office at <br /> (the "Member ") and BANK of MONTREAL, a Canadian <br /> chartered bank with a branch at 115 South LaSalle Street, Chicago, IL 60603 (the "Bank"). <br /> THE PARTIES AGREE AS FOLLOWS: <br /> SECTION 1. MEMBER ACCOUNT AND CARDS. <br /> The Bank has established a Corporate MasterCard program with PFM Financial Services <br /> LLC. (the "Association ") for its qualified members. The Association has requested that the <br /> Bank establish a MasterCard account for you and the Bank has agreed to do so. <br /> This Agreement between the Member and the Bank and the Agreement between the Bank <br /> and the Association set forth the terms and conditions under which the Bank will make its <br /> Corporate MasterCard program available to the Member. <br /> Section 1.1. The Bank will establish a MasterCard" account for the Member (the <br /> "Member Account') under the Bank's Corporate MasterCard program with the Association as <br /> indicated in Schedule 1 with the initial credit limit of U.S. $ (the credit <br /> limit of the Member Account in effect at any time is herein called the "Member Credit Limit"). <br /> The Bank shall lend money to the Member and its Cardholders (as defined below) up to the <br /> Member Credit Limit by way of charges to the Member Account in accordance with this <br /> Agreement. The Bank reserves the right, in its sole discretion, to modify the Member Credit <br /> Limit and the Cardholder Credit Limits at any time. <br /> The Member agrees that the Member Account is to be used for business purposes, and <br /> not for personal, family, or household purposes (non- business purposes). Member will notify its <br /> Cardholders of the prohibition against use for non - business purposes when the Card is issued and <br /> periodically thereafter during the term of this Agreement. Member agrees that regardless of the <br /> purposes for which the Member Account is used to make purchases, all such transactions, <br /> interest, fees and related charges shall be paid to the Bank by the Member in accordance with the <br /> terms of this Agreement. <br /> Section 1.2. The Member may request the Bank to issue a MasterCard card or card <br /> numbers ("Cards") on the Member Account to employees designated by the Member. Each <br /> such request (a "Request') shall be in a form attached as Schedule "2" and shall be duly <br /> completed and signed by the designated employee and, on behalf of the Member, by a Program <br /> Administrator (as defined below) as required by the Bank from time to time and shall be <br /> submitted by a Program Administrator. <br /> revo3 -2607 <br />