Right of Set-Off means any right of set off arising from a deposit of money made by the Borrower with the Seller or from any transaction between the Borrower and the Seller other than one relating to the Mortgage Loan.

Right of Set-Off. If you ever owe us money and it is due, we may, to the extent we have a right under the law or under an agreement with you, use the money from any of your accounts with us, including joint accounts, to pay the debt, even if withdrawing the money results in an interest penalty to you. If any joint account holder owes us money and it is due, we may use the money from the joint account to pay the debt. The use of your funds to pay a debt you or a joint account owner owes to us is referred to as our “right to offset” or “right of set-off.” Any garnishment or levy against your account is subject to our right to offset within applicable laws.

Right of Set-Off means from time to time, in relation to the Parent every right (whether conferred by law or otherwise) which the Parent has to combine credit balances and debit balances, directly or indirectly, being balances which belong to the Franchisee, or are owing by the Franchisee, or are deposits by the Franchisee with the Parent;

Examples of Right of Set-Off in a sentence

Waiver of Right of Set-Off 11 ARTICLE VI - TERMINATION 11 Section 6.01.
The provisions set forth in Section 23.2 (Right of Set-Off) of the Common Terms Agreement are incorporated by reference and shall apply mutatis mutandis as if fully set forth herein.
In addition to any Security that ADCB may have over your Account(s) or any of your assets in ADCB’s custody now or hereafter, ADCB has the right, at any time, in the exercise of its Right of Set-Off to combine or consolidate all or any of your Accounts with any amounts owed by you to ADCB.
To the extent that ADCB exercises its Right of Set-Off against any Fixed Term Deposit that you may hold, you authorise ADCB to, in its sole discretion, withdraw such amounts before the end of the agreed term of such Fixed Term Deposit.
If required, you authorise ADCB to convert sums in your Account at the then applicable Exchange Rate for the purposes of, or in connection with, the exercise of its Right of Set-Off.

More Definitions of Right of Set-Off

Right of Set-Off shall have the meaning set forth in Section 5.3(f).

Right of Set-Off means, subject to the terms and conditions set forth in this Agreement, the right of any Set Off Right Holder (as defined in Section 2.3) to set off against any unpaid amount due from the Sellers pursuant to ARTICLE XI, certain amounts due or which may become due to the Sellers under Section 2.1.3, Section 2.1.4, and/or Section 2.2.

Right of Set-Off has the meaning set forth in Section 10.06(d)(i).

Right of Set-Off of the Credit Agreement is hereby amended by deleting the final sentence thereof.

Right of Set-Off as set forth in Article 8.5 herein. Such right of set off shall continue to be effective and available to Buyer notwithstanding the assignment by Seller to Stockholder of Seller's right and entitlements pursuant to Article 2.4(e) hereof or the liquidation of the Seller.

Right of Set-Off means a right which:

Right of Set-Off has the meaning set forth in Section 7.3(e) hereof.