Overdrafts; Set-off Sample Clauses

The "Overdrafts; Set-off" clause defines the rights and obligations of the parties regarding overdraft situations and the ability to offset mutual debts. In practice, this clause typically allows a bank or financial institution to cover a customer's overdraft by automatically applying funds from other accounts held by the same customer, or by setting off amounts owed to the bank against any deposits or credits the customer has with the bank. This mechanism ensures that the bank can recover outstanding amounts efficiently and reduces the risk of loss due to unpaid overdrafts, thereby providing a clear process for managing negative balances and mutual debts.
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Overdrafts; Set-off. Please see the applicable Deposit Account Agreement for information regarding Overdrafts and our right of Set-Off.
Overdrafts; Set-off. Navigant may, but shall not be obligated to, complete any transaction in connection with providing the Services if there are insufficient available funds in Member’s Account(s) to complete the transaction. In the event any actions by Member result in an overdraft in any of Member’s Deposit Accounts, including but not limited to Member’s failure to maintain sufficient balances in any of Member’s Deposit Accounts, Member shall be responsible for repaying the overdraft immediately and without notice or demand. Navigant has the right, in addition to all other rights and remedies available to it, to set-off the unpaid balance of any amount owed it in connection with the Services against any debt owing to Member by Navigant, including, without limitation, any obligation under a repurchase agreement or any funds held at any time by Navigant, whether collected or in the process of collection, or in any other Account maintained by Member at or evidenced by any certificate of deposit issued by Navigant. If any of Member’s Deposit Accounts become overdrawn, under-funded or for any reason contain a negative balance, then Navigant shall have the right of set-off against all of Member’s Deposit Accounts and other property or Accounts maintained at Navigant, and Navigant shall have the right to enforce its interests in collateral held by it to secure debts of Member to Navigant arising from notes or other indebtedness now or hereafter owing or existing under this Agreement, whether or not matured or liquidated.
Overdrafts; Set-off. We may, but shall not be obligated to, complete any transaction in connection with providing the Service if there are insufficient Available Funds in your Account(s) to complete the transaction. The honoring of one or more of your overdrafts, however, does not obligate us to honor any future overdrafts. If you have an “Overdraft Protection” feature with your Deposit Account, any check or debit that overdraws such Deposit Account will be honored up to your available credit limit. In the event any actions by you result in an overdraft in any of your Accounts, including but not limited to your failure to maintain sufficient balances in any of your Accounts, you shall be responsible for repaying the overdraft and any fee associated therewith immediately and without notice or demand, except as otherwise required by Applicable Law. Except to the extent prohibited or limited by Applicable Law, we have the right, in addition to all other rights and remedies available to us, to set-off the unpaid balance of any amount owed us in connection with the Service against any debt owing to you by us, including, without limitation, any obligation under a repurchase agreement or any funds held at any time by us, whether collected or in the process of collection, or in any other Account maintained by you at or evidenced by any certificate of deposit issued by us. If any of your Accounts become overdrawn, under- funded or for any reason contain a negative balance, then we shall have the right of set-off against all of your Accounts and other property or deposit Accounts maintained with us, and we shall have the right to enforce our interests in collateral held by us to secure your debts to us arising from notes or other indebtedness now or hereafter owing or existing under this Agreement, whether or not matured or liquidated, except to the extent prohibited or limited by Applicable Law.
Overdrafts; Set-off. Bank may, but shall not be obligated to, complete any transaction in connection with providing the Services if there are insufficient Available Funds in Customer's Account(s) to complete the transaction. In the event any actions by Customer result in an overdraft in any of Customer's Accounts, including but not limited to Customer's failure to maintain sufficient balances in any of Customer's Accounts, Customer shall be responsible for repaying the overdraft immediately and without notice or demand. Bank has the right, in addition to all other rights and remedies available to it, to set-off the unpaid balance of any amount owed it in connection with the Services against any debt owing to Customer by Bank, including, without limitation, any obligation under a repurchase agreement or any funds held at any time by Bank, whether collected or in the process of collection, or in any other Account maintained by Customer at or evidenced by any certificate of deposit issued by Bank. If any of Customer's Accounts become overdrawn, under-funded or for any reason contain a negative balance, then Bank shall have the right of set-off against all of Customer's Accounts and other property or deposit Accounts maintained at Bank, and Bank shall have the right to enforce its interests in collateral held by it to secure debts of Customer to Bank arising from notes or other indebtedness now or hereafter owing or existing under this Agreement, whether or not matured or liquidated.
Overdrafts; Set-off. The Bank may, but is not obligated to, complete any transaction even if there are insufficient available funds in your Account(s). In the event any actions by you result in an overdraft of any of your Accounts, including but not limited to your failure to maintain sufficient balances in any of your Accounts, You are responsible for repaying the overdraft immediately, without notice or demand. The Bank has the right, in addition to all other rights and remedies available to it, to set off the unpaid balance of any amount owed against any debt owing to you by the Bank, or any funds held at any time by the Bank, whether collected or in the process of collection, or in any Account maintained by you at the Bank.
Overdrafts; Set-off. In the event any actions by Client should result in an overdraft in any of its accounts, Client is responsible for repaying the overdraft immediately, without notice or demand, together with interest thereon at a rate determined in accordance with Bank's fee schedule in effect from time to time. Bank has the right, in addition to all other rights and remedies available to it, to set off the unpaid balance of any amount owed it in connection with the Service(s) against any debt or deposit owing to the Client by the Bank or any Bank Affiliate, or property of Client in Bank’s or Bank Affiliate’s possession or control.
Overdrafts; Set-off. Bank may, but shall not be obligated to, complete any transaction in connection with providing the Services if there are insufficient available funds in Customer’s Account(s)
Overdrafts; Set-off. Limits on Amounts and Frequency of Transactions 11 15. Periodic Statements 11 16. Duty to Inspect; Errors or Questions about Electronic Transactions
Overdrafts; Set-off. The Bank shall not be obligated to complete any transaction with respect to the Company’s deposit Account(s) if there are insufficient available funds in the applicable deposit account to complete the transaction. In the event any actions by Company should result in an overdraft in any of its Accounts, Company is responsible for repaying the overdraft immediately, without notice or demand, together with interest thereon at a rate determined in accordance with the Bank’s fee schedule in effect. Such amounts owed to the Bank may be paid from and collected by the Bank from any debt owing to the Company by Bank, including, without limitation, any obligation under a repurchase agreement or any funds held at any time by the Bank, whether collected or in the process of collection, or in any demand or time deposit account maintained by the Company at or evidenced by any certificate of deposit issued by the Bank.
Overdrafts; Set-off. Bank may, but shall not be obligated to, complete any transaction in connection with providing the Services if there are insufficient available funds in Customer’s Account(s) to complete the transaction. In the event any actions by Customer result in an overdraft in any of Customer’s Accounts, including but not limited to Customer’s failure to maintain sufficient balances in any of Customer’s Accounts, Customer shall be responsible for repaying the overdraft immediately and without notice or demand. Bank has the right, in addition to all other rights and remedies available to it, to set-off the unpaid balance of any amount owed it in connection with the Services against any debt owing to Customer by Bank, including, without limitation, any obligation under a repurchase agreement or any funds held at any time by Bank, whether collected or in the process of collection, or in any other Account