Notice Regarding Setoff or Lien Under This Section 15 Sample Clauses

Notice Regarding Setoff or Lien Under This Section 15. 15.9.1 Should the Bank realize its right to carry out setoff or its right of lien, as stated in this Section 15, notice of such will be sent upon execution of the setoff or lien, or shortly after execution thereof. Without derogating from the generality of that stated in this Section 15.8.1 (sic), the Bank will notify, but is not obligated, that it will carry out the setoff after some time, it is hereby agreed that such notice will also be deemed as notice of bringing forward the Bank's charges against us and during the period elapsing up until the execution of the setoff, the Bank may realize the right of lien and possession.
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Related to Notice Regarding Setoff or Lien Under This Section 15

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