10. Termination

Either party to this Agreement may seek to terminate the same as follows:

a) The Principal Cardholder may terminate this Agreement by written notice to the Bank but such termination shall only be effective on the return to the Bank of all Cards issued for use on the Card Account, and the payment of liabilities of the Principal Cardholder under this Agreement settled in full. Until such termination, the Bank may reissue Cards from time to time for use in accordance with this Agreement.

b) Notwithstanding any other provision, all indebtedness shall at the Bank’s option, and without notice or demand being given, be immediately due and payable and the Bank may cancel this Agreement without notice in the event of:

10.1 The death of any Cardholder.

10.2 Insolvency of any Cardholder or failure by the Cardholder to pay any indebtedness hereunder or any other obligation of the Cardholder.

10.3 The institution of Garnishee, criminal proceedings, bankruptcy proceedings, attachment or execution proceedings involving any Cardholder or Authorised User.

10.4 A breach or default of any provision of this Agreement. The Cardholder shall be liable for all legal fees and expenses incurred by the Bank including the attorney’s collection commission.