Our Right of Setoff. If you ever owe the Bank money as a borrower, guarantor, or otherwise, and it becomes due, we have the right under the law to use the money from your Card to pay the debt. We may (without prior notice and when permitted by law) setoff the funds on the Card against any such due and payable debt you owe us now or in the future. Our right of setoff does not apply to your Card if prohibited by law. You agree to hold us harmless from any claim arising as a result of our exercise of our right of setoff.
Appears in 3 contracts
Samples: Cardholder Agreement, Cardholder Agreement, Cardholder Agreement
Our Right of Setoff. If you ever owe the Bank money as a borrower, guarantor, or otherwise, and it becomes due, we have the right under the law to use the money from your Card Account to pay the debt. We may (without prior notice and when permitted by law) setoff the funds on in the Card Account against any such due and payable debt you owe us now or in the future. Our right of setoff does not apply to your Card Account if prohibited by law. You agree to hold us harmless from any claim arising as a result of our exercise of our right of setoff.
Appears in 2 contracts
Samples: Electronic Demand Deposit Account Agreement, Electronic Demand Deposit Account Accountholder Agreement
