Common use of Our Right to Set Off Clause in Contracts

Our Right to Set Off. You agree that we can use any funds you have deposited or invested with us (or which we otherwise owe you) to pay down the amount of any unpaid debt which is overdue under this Agreement at any time.

Appears in 2 contracts

Sources: Overdraft Agreement, Overdraft Agreement

Our Right to Set Off. (a) You agree that we can use any funds you have deposited or invested with us (or which we otherwise owe you) to pay down the amount of any unpaid debt which is overdue under this Agreement a Loan Document at any time. (b) The Guarantor agrees we can use any funds which he or she (or it) has deposited with us (or which we otherwise owe the Guarantor), to pay down the amount of any unpaid debt which is overdue under a Loan Document at any time.

Appears in 2 contracts

Sources: Home Loan Agreement, Home Loan Agreement

Our Right to Set Off. (a) You agree that we can use any funds you have deposited or invested with us (or which we otherwise owe you) to pay down the amount of any unpaid debt which is overdue under this Agreement a Relevant Document at any time. (b) The Guarantor agrees we can use any funds which he or she (or it) has deposited with us (or which we otherwise owe the Guarantor), to pay down the amount of any unpaid debt which is overdue under a Relevant Document at any time.

Appears in 1 contract

Sources: Personal Loan Agreement