Common use of Our Right to Set Off Clause in Contracts

Our Right to Set Off. If you ever owe us money as a borrower, guarantor, or otherwise, and it becomes due, we have the right under the law (called set-off) to use the money from your account to pay the debt. We may charge against any of your accounts any debt you owe us, now or in the future, without going through any legal process or court proceedings.

Our Right to Set Off. If you ever owe us money as a borrowerbor- rower, guarantor, or otherwise, and it becomes due, we have the right under the law (called set-offoffset) to use the money from your account to pay the debt. We may charge against any of your accounts any debt you owe us, now or in the future, without going through any legal process or court proceedings.