Common use of Overdrafts; Set-off Clause in Contracts

Overdrafts; Set-off. Bank may, but shall not be obligated to, complete any transaction in connection with providing the Services if there are insufficient available funds in Customer’s Account(s) to complete the transaction. In the event any actions by Customer result in an overdraft in any of Customer’s Accounts, including but not limited to Customer’s failure to maintain sufficient balances in any of Customer’s Accounts, Customer shall be responsible for repaying the overdraft immediately, without notice or demand. Bank has the right, in addition to all other rights and remedies available to it, to set off the unpaid balance of any amount owed it in connection with the Services against any debt owing to Customer by Bank, including, without limitation, any obligation under a repurchase agreement or any funds held at any time by Bank, whether collected or in the process of collection, or in any other Account maintained by Customer at, or evidenced by any certificate of deposit issued by, Bank. If any of Customer’s Accounts become overdrawn, under- funded or for any reason contain a negative balance, then Bank shall have the right of set-off against all of Customer’s Accounts and other property or deposit Accounts maintained at Bank, and Bank shall have the right to enforce its interests in collateral held by it to secure debts of Customer to Bank arising from notes or other indebtedness now or hereafter owing or existing under this Agreement, whether or not matured or liquidated.

Overdrafts; Set-off. Bank may, but shall not be obligated to, complete any transaction in connection with providing the Services if there are insufficient available funds Available Funds in Customer’s Account(s) to complete the transaction. In the event any actions by Customer result in an overdraft in any of Customer’s Accounts, including but not limited to Customer’s failure to maintain sufficient balances in any of Customer’s Accounts, Customer shall be responsible for repaying the overdraft immediately, immediately and without notice or demand. Bank has the right, in addition to all other rights and remedies available to it, to set set-off the unpaid balance of any amount owed it in connection with the Services against any debt owing to Customer by Bank, including, without limitation, any obligation under a repurchase agreement or any funds held at any time by Bank, whether collected or in the process of collection, or in any other Account maintained by Customer at, at or evidenced by any certificate of deposit issued by, by Bank. If any of Customer’s Accounts become overdrawn, under- under-funded or for any reason contain a negative balance, then Bank shall have the right of set-off against all of Customer’s Accounts and other property or deposit Accounts maintained at Bank, and Bank shall have the right to enforce its interests in collateral held by it to secure debts of Customer to Bank arising from notes or other indebtedness now or hereafter owing or existing under this Agreement, whether or not matured or liquidated.

Overdrafts; Set-off. Bank may, but shall not be obligated to, complete any transaction in connection with providing the Services if there are insufficient available funds Available Funds in Customer’s 's Account(s) to complete the transaction. In the event any actions by Customer result in an overdraft in any of Customer’s 's Accounts, including but not limited to Customer’s 's failure to maintain sufficient balances in any of Customer’s 's Accounts, Customer shall be responsible for repaying the overdraft immediately, immediately and without notice or demand. Bank has the right, in addition to all other rights and remedies available to it, to set set-off the unpaid balance of any amount owed it in connection with the Services against any debt owing to Customer by Bank, including, without limitation, any obligation under a repurchase agreement or any funds held at any time by Bank, whether collected or in the process of collection, or in any other Account maintained by Customer at, at or evidenced by any certificate of deposit issued by, by Bank. If any of Customer’s 's Accounts become overdrawn, under- under-funded or for any reason contain a negative balance, then Bank shall have the right of set-off against all of Customer’s 's Accounts and other property or deposit Accounts maintained at Bank, and Bank shall have the right to enforce its interests in collateral held by it to secure debts of Customer to Bank arising from notes or other indebtedness now or hereafter owing or existing under this Agreement, whether or not matured or liquidated.

Overdrafts; Set-off. Bank mayIn addition to but not in lieu of the terms of the Account Agreement, but shall not be obligated to, complete any transaction in connection with providing the Services if there are insufficient available funds in Customer’s Account(s) to complete the transaction. In the event any actions by Customer or the Initiating Institution hereunder result in an overdraft in any of Customer’s Accountsdeposit accounts with Bank, including but not limited to Customer’s failure to maintain sufficient balances in any of Customer’s AccountsAccount with respect to the Service, Customer shall be responsible for repaying the overdraft immediately, immediately and without notice or demand. Bank has the right, in addition to all other rights and remedies available to it, to set set-off the unpaid balance of any amount owed it in connection with the Services Service against any debt owing to Customer by Bank, including, without limitation, any obligation under a repurchase agreement or any funds held at any time by Bank, whether collected or in the process of collection, or in any other Account deposit account maintained by Customer at, at Bank or evidenced by any certificate of deposit issued by, by Bank. If any of Customer’s Accounts deposit accounts with Bank become overdrawn, under- funded or for any reason contain a negative balance, then Bank shall have the right of set-off against all of Customer’s Accounts deposit accounts and other property or deposit Accounts maintained at Bank, and Bank shall have the right to enforce its interests in collateral held by it to secure debts of Customer to Bank arising from notes or other indebtedness now or hereafter owing or existing under this Agreement, whether or not matured or liquidated.