Common use of Negative Balances and Multiple Currencies Clause in Contracts

Negative Balances and Multiple Currencies. If your Account has a negative balance, PayPal may set-off the negative balance with any funds that you subsequently add or receive into your Account. If you have multiple currency balances in your Account and one of the currency balances becomes negative for any reason, PayPal may set-off the negative balance by using funds you maintain in a different currency balance. If you open more than one Account, PayPal may set off the negative balance in one Account by using any balance that you maintain in your other Account(s). In the event that a negative balance is offset by PayPal pursuant to this paragraph, it may be bundled with another debit coming out of your Account.

Appears in 9 contracts

Samples: User Agreement, User Agreement, User Agreement

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Negative Balances and Multiple Currencies. If your Account has a negative balance, PayPal may set-set- off the negative balance with any funds that you subsequently add or receive into your Account. If you have multiple currency balances in your Account and one of the currency balances becomes negative for any reason, PayPal may set-off the negative balance by using funds you maintain in a different currency balance. If you open more than one Account, PayPal may set off the negative balance in one Account by using any balance that you maintain in your other Account(s). In the event that a negative balance is offset by PayPal pursuant to this paragraph, it may be bundled with another debit coming out of your Account.

Appears in 1 contract

Samples: User Agreement

Negative Balances and Multiple Currencies. If your Account has a negative balance, PayPal may set-off the negative balance with any funds that you subsequently add or receive into your Account. If you have multiple currency balances in your Account and one of the currency balances becomes negative for any reason, PayPal may set-off the negative balance by using funds you maintain in a different currency balance. If you open more than one Account, PayPal may set off the negative balance in one Account by using any balance that you maintain in your other Account(s). In the event that a negative balance is offset by PayPal pursuant Back to this paragraph, it may be bundled with another debit coming out of your Account.top

Appears in 1 contract

Samples: User Agreement

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Negative Balances and Multiple Currencies. If your Account has a negative balanceBalance, PayPal may set-off setoff the negative balance Balance with any funds that you subsequently add or receive into your Account. If you have multiple currency balances Balances in your Account and one of the currency balances Balances becomes negative for any reason, PayPal may set-off setoff the negative balance Balance by using funds you maintain in a different currency balance. If Balance, or by deducting amounts you open more than one Account, owe PayPal may set off the negative balance in one Account by using any balance that from money you maintain in your other Account(s). In the event that a negative balance is offset by PayPal pursuant to this paragraph, it may be bundled with another debit coming out of subsequently add or receive into your Account.

Appears in 1 contract

Samples: User Agreement

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