Common use of RIGHT TO SET OFF AND CONSOLIDATION Clause in Contracts

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.

Appears in 7 contracts

Samples: Card Agreement, Maybank Islamic Ikhwan American Express Card I Agreement, Card Agreement

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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 seven (7) calendar days prior to notice on its intention to set off a credit balance.

Appears in 4 contracts

Samples: Maybank Islamic World Mastercard Ikhwan Card I Agreement, Maybank Islamic World Mastercard Ikhwan Card I Agreement, Maybank Islamic Ikhwan Visa Infinite Card I Agreement

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 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.

Appears in 3 contracts

Samples: Ikhwan Card I Agreement, Maybank Islamic Ikhwan Visa Infinite Card I Agreement, Maybank Islamic Ikhwan Visa Infinite Card I Agreement

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 notice on its intention to set off a credit balance.

Appears in 2 contracts

Samples: Card Agreement, Card Agreement

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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 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.

Appears in 2 contracts

Samples: Maybank Islamic Ikhwan Card I Agreement, Maybank Islamic Ikhwan Card I Agreement

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