Common use of RIGHT TO SET OFF AND CONSOLIDATION Clause in Contracts

RIGHT TO SET OFF AND CONSOLIDATION. The Bank may by written notice and/or any other form of notification to the Cardmember within seven (7) days in advance combine or consolidate all or any of the Cardmember’s accounts with the Bank to set off or transfer any monies standing to the credit of the Cardmember’s account with the Bank of whatever description and wherever located towards the reduction and/or discharge of any sum due to the Bank under this Agreement.

RIGHT TO SET OFF AND CONSOLIDATION. The Save and except for the Fees and Charges stated under Clause 13.1, the Bank may by written notice and/or any other form of notification to the Cardmember within seven (7) days in advance combine or consolidate all or any of the Cardmember’s accounts with the Bank to set off or transfer any other monies standing to the credit of the Cardmember’s account with the Bank of whatever description and wherever located towards the reduction and/or discharge of any sum due to the Bank under this Agreement.