RIGHT TO SET OFF AND CONSOLIDATION. Maybank may set off or transfer any monies standing to the credit of the Cardmember’s account with Maybank of whatever description and wherever located towards the reduction and/or discharge of any sum due to Maybank under this Agreement without assigning reason, by giving seven (7) days prior notice on its intention to set off a credit balance.
RIGHT TO SET OFF AND CONSOLIDATION. The Bank may set off or transfer any monies standing to the credit of the Cardmember’s account with the Bank of whatever description and wherever located towards the reduction and/or discharge of any sum due to the Bank under this Agreement without assigning reason, by giving notice Seven (7) calendar days prior to its intention to set off a credit balance.
RIGHT TO SET OFF AND CONSOLIDATION. Save and except for the Fees and Charges stated under Clause 13.1, the Bank may by written notice and/or any other form of notification to the Cardmember within seven (7) days in advance combine or consolidate all or any of the Cardmember’s accounts with the Bank to set off or transfer any other monies standing to the credit of the Cardmember’s account with the Bank of whatever description and wherever located towards the reduction and/or discharge of any sum due to the Bank under this Agreement.
RIGHT TO SET OFF AND CONSOLIDATION. (a) The Cardmember agrees that the Bank may in its absolute discretion at anytime and with prior notice combine or consolidate all or any account(s) of the Cardmember including accounts maintained with the Bank and/or of the Cardmember jointly with others (whether current deposit loan or of any other nature whatsoever and in whatever currency) wheresoever situated, with any liabilities of the Cardmember under any other agreement with the Bank and set off or transfer any sum(s) standing to the credit of any one or more of such account(s), agreements or contracts in or from any other asset of the Cardmember or security held by the Bank or all subsidiaries and related companies of the Bank and the PBB Group towards satisfaction of any of the liabilities of the Cardmember due and payable to the Bank under this Agreement and all subsidiaries and related companies of the Bank and the PBB Group. Where such combination consolidation set-off or transfer requires the conversion of one currency into another, such conversion shall be calculated at the Bank’s prevailing exchange rate which shall be determined by the Bank at its sole discretion.
(b) The Bank shall give the Cardmember, seven (7) calendar days’ advance notice in writing prior to the set-off, towards satisfaction of any sum due to the Bank under this Agreement.
RIGHT TO SET OFF AND CONSOLIDATION. The Bank may by written notice and/or any other form of notification to the Cardmember within seven
RIGHT TO SET OFF AND CONSOLIDATION. (a) The Cardmember agrees that the Bank may with prior notice combine or consolidate all or any account(s) of the Cardmember including accounts maintained with the Bank and/or of the Cardmember jointly with others (whether current deposit loan or of any other nature whatsoever and in whatever currency) wheresoever situated, with any liabilities of the Cardmember under any other agreement with the Bank. The Bank may set off or transfer any sum(s) standing to the credit of any one or more of such account(s), of the Cardmember or security held by the Bank or all subsidiaries and related companies of the Bank and the PBB Group towards satisfaction of any of the liabilities of the Cardmember due and payable to the Bank under this Agreement and all subsidiaries and related companies of the Bank and the PBB Group. Where such combination consolidation set-off or transfer requires the conversion of one currency into another, such conversion shall be calculated at the Bank’s prevailing exchange rate which shall be determined by the Bank at its sole discretion.
(b) The Bank shall give the Cardmember, seven (7) calendar days’ advance notice in writing prior to the set-off, towards satisfaction of any sum due to the Bank under this Agreement.
RIGHT TO SET OFF AND CONSOLIDATION. Maybank may at any time and without notice nor assigning reason thereof set off or
RIGHT TO SET OFF AND CONSOLIDATION. 8.1. Without prejudice to any other remedies which the Bank may have, the Bank may, at its discretion and at any time:-
8.1.1. with prior notice to the Company, combine or consolidate all or any of the accounts of the Company including accounts held jointly with others (of any nature whatsoever) wheresoever situate with any liabilities of the Company under any agreement or contract with the Bank and/or any member of the PBB Group; and
8.1.2. with seven (7) days’ prior notice to the Company (or such other period as required under any regulations issued by BNM from time to time, whichever is earlier), set-off or transfer
(a) any sum standing to the credit of any of the Company’s accounts;
(b) any sum due, owing and/or payable to the Company under any agreements or contracts with the Bank and/or any member of the PBB Group;
(c) any surplus or proceeds received from any of the Company’s assets or other securities held by the Bank and all member of the PBB Group, towards satisfaction of any of the liabilities of the Company with the Bank and/or any member of the PBB Group.
8.2. Where any such combination, consolidation, set-off or banker’s lien or counterclaim or transfer requires the conversion of one currency into another, such conversion shall be calculated at the prevailing exchange rate of the Bank.
8.3. Upon issuance of the notice mentioned in Clause 8.1 above, the Company agrees that the Bank has the right to earmark or place a hold on any monies standing to the credit of all or any of the Company’s accounts with the bank prior to the setting off and the Company shall not be entitled to withdraw the monies without the Bank’s prior written consent.
RIGHT TO SET OFF AND CONSOLIDATION. In addition to any other rights which DBS Bank may have, DBS Bank shall be entitled at any time and without notice to the Borrower to combine or consolidate all or any of the Borrower's accounts and liabilities with or to DBS Bank (in Singapore or elsewhere) or set-off or transfer any sum(s) standing to the credit of one or more of such accounts in or towards the satisfaction of any of the Borrower's liabilities to DBS Bank on any other account(s) (in Singapore or elsewhere) or in any other respect whether such liabilities are actual or contingent, primary or collateral, several or joint, or such accounts are held by the Borrower singly or jointly with any other persons. If the credit balances on such accounts and the liabilities on any other accounts are not expressed in the same currency, DBS Bank shall be entitled to effect any necessary conversions at DBS Bank's own rate of exchange then prevailing.
RIGHT TO SET OFF AND CONSOLIDATION. Notwithstanding any other rights available to MBB under this Agreement, MBB shall give 14 days notice or assigning reason thereof, set-off against Merchant’s sales proceed or debit the Merchant’s banking account with MBB of whatever description and wherever located for the purpose of Chargeback under Clause 6 or towards the reduction or discharge of any sum due to MBB by the Merchant under any of the terms of this Agreement. An interest at current prevailing rate of MBB will be charged to the Merchant in the event the recovered amount had caused the Merchant’s banking account to be overdrawn.
