Common use of Right to Set Off Clause in Contracts

Right to Set Off. If your Account balance becomes and remains negative, we can use the funds in any of your accounts with us to repay the negative balance in your Account without any further notice to or demand on you. Moreover, we have the right to set-off any liability, direct or contingent, past, present or future that you owe against any account you have with us. Further, you grant us a lien on and security interest in the funds on deposit in each of your account(s) as security for all of your liabilities and obligations to us, now or in the future.

Appears in 15 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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Right to Set Off. If your Account balance becomes and remains negative, we can use the funds in any of your accounts with us to repay the negative balance in your Account without any further notice to or demand on you. Moreover, we have the right to set-off any liability, direct or contingent, past, present or future that you owe against any account you have with us. Further, you grant us a lien on and security interest in the funds on deposit in each of your account(s) as security for all of your liabilities and obligations to us, now or in the future.future.‌‌‌‌‌‌

Appears in 7 contracts

Samples: Reserve Account Agreement, cdn.juno.finance, assets.website-files.com

Right to Set Off. If your Account balance becomes and remains negative, we can use the funds in any of your accounts with us to repay the negative balance in your Account without any further notice to or demand on you. Moreover, we have the right to set-off off any liability, direct or contingent, past, present or future that you owe against any account you have with us. Further, you grant us a lien on and security interest in the funds on deposit in each of your account(s) as security for all of your liabilities and obligations to us, now or in the future.

Appears in 2 contracts

Samples: Savings Account Agreement, assets.website-files.com

Right to Set Off. If your Account balance becomes and remains negative, we can use the funds in any of your accounts with us to repay the negative balance in your Account without any further notice to or demand on youdemand. Moreover, we have the right to set-off against any account you have with us any liability, direct or contingent, past, present or future that you owe against us, including, but not limited to, any account such liability you have with usowe us under this Agreement. Further, you grant us a lien on and security interest in the funds on deposit in each of your account(s) accounts as security for all of your liabilities and obligations to us, now or in the future. You may not grant a security interest in your Account to anyone other than us without our written agreement.

Appears in 2 contracts

Samples: Checking Account Agreement, Checking Account Agreement

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Right to Set Off. If your Account balance becomes and remains negative, we can use the funds in any of your accounts with us to repay the negative balance in your Account without any further notice to or demand on you. Moreover, we have the right to set-off off any liability, direct or contingent, past, present or future that you owe against any account you have with us. Further, you grant us a lien on and security interest in the funds on deposit in each of your account(s) as security for all of your liabilities and obligations to us, now or in the future.future.‌‌‌‌‌‌

Appears in 1 contract

Samples: cdn.synapsepay.com

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