Bank's Lien Sample Clauses

Bank's Lien. 37.1 The Banks' right of set-off and lien shall extend to all outstanding dues whatsoever arising as a result of the Card services extended to and/or used by the Cardholder for his primary and Add-On Card(s).
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Bank's Lien. The Guarantor grants to the Bank, as further security for the payment of the Borrower’s Liabilities and/or the Guarantor’s Liabilities, a lien upon and a right of setoff with respect to any deposit account of the Guarantor with the Bank and any other debts that the Bank may owe to the Guarantor from time to time. The Bank may, upon the occurrence of an Event of Default, and at any time and from time to time thereafter, at its option and without notice, appropriate and apply toward the payment of any of the Borrower’s Liabilities and/or the Guarantor’s Liabilities the balance of each such deposit account of the Guarantor with, and each such claim of the Guarantor against, the Bank.

Related to Bank's Lien

  • Security Interest This Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.

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