Common use of Right to Offset Clause in Contracts

Right to Offset. In the event that you fail to maintain sufficient funds in your Business Account or Account (or another account previously communicated to and approved by Zero Hash) if you do not have an applicable Business Account) at the time an Order is filled, Zero Hash and ZHLS reserve the right, at our sole discretion, to cancel, reverse or fill such Order in whole or in part. You agree to be responsible for the costs of any such action taken by Zero Hash and/or ZHLS. You understand and acknowledge that if a failure to provide sufficient funds results in an amount due and owing by you to ZHLS (a “Negative Balance”), Zero Hash or ZHLS shall have the right to: (i) charge a reasonable rate of interest on any such Negative Balance; and (ii) offset any such Negative Balance, including any accrued interest and consequential losses, by transferring funds that are or become available in your Business Account or Account to Zero Hash or ZHLS.

Right to Offset. In the event that you fail to maintain sufficient funds in your Business Account or Account (or another account (previously communicated to and approved by Zero Hash) if you do not have an applicable Business Account) at the time an Order is filled, Zero Hash and ZHLS reserve the right, at our sole discretion, to cancel, reverse or fill such Order in whole or in part. You agree to be responsible for the costs of any such action taken by Zero Hash and/or ZHLS. You understand and acknowledge that if a failure to provide sufficient funds results in an amount due and owing by you to ZHLS (a “Negative Balance”), Zero Hash or ZHLS shall have the right to: (i) charge a reasonable rate of interest on any such Negative Balance; and (ii) offset any such Negative Balance, including any accrued interest and consequential losses, by transferring funds that are or become available in your Business Account or Account to Zero Hash or ZHLS.