Common use of Right to Set Off Clause in Contracts

Right to Set Off. If the Account balance remains negative for fifteen (15) days, we can use the funds in any of your accounts on deposit with us to repay the negative amount owed on the Account. This means 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. We will notify you if we have exercised our right to set off.

Right to Set Off. If the your Account balance becomes and remains negative for more than fifteen (15) days, we can use the funds in any of your accounts on deposit with us to repay the negative amount owed on the negative balance Account. This means means, we have the right to set- 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. We will notify you by email if we have exercised our right to set off.

Right to Set Off. If the Account balance remains negative for fifteen (15) days, we can use the funds in any of your accounts on deposit with us to repay the negative amount owed on the Account. This means we have the right to set- 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. We will notify you if we have exercised our right to set off.

Right to Set Off. If the balance of your Savings Account balance remains should become and then remain negative for fifteen (15) days, we can use the funds funds, if any, in any of your accounts on deposit with us Savings Account may be used to repay the negative amount owed on the Accountbalance. This means we have the right to set- 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. We will notify you if we have exercised our right to set off.

Right to Set Off. If the your Current Account balance becomes negative, any incoming deposit or credit to your Current Account will be applied to that negative balance. If your Current Account remains negative for fifteen sixty (1560) days, we can use the funds in any of your accounts on deposit with us to repay the negative amount owed on the negative balance in your Current Account. This means means, we have the right to set- set-off any liability, direct or contingent, past, present 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. We will notify you if we have exercised our right to set off.

Right to Set Off. If the your Account balance becomes and remains negative for fifteen (15) 30 days, we can use the funds in any of your accounts on deposit with us to repay the negative amount owed on the negative balance Account. This means means, we have the right to set- 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. We will notify you by email if we have exercised our right to set off.