Common use of RIGHT TO SET OFF /BANKER’S LIEN Clause in Contracts

RIGHT TO SET OFF /BANKER’S LIEN. In the event of your delaying or being unable to settle your Credit Card outstanding as provided in this Agreement, for any reason whatsoever, the Bank may exercise its right of General Lien, and / or set off and adjust any such outstanding against a property or assets (both moveable and immoveable) in possession of the Bank from time to time, including but not limited to amounts lying in fixed deposits, and / or in other accounts with the Bank, property, assets (both moveable and immoveable), securities, stocks, shares, monies, and the like of the Primary Cardmember and the Add-on Cardmember (s) that are or may be in the possession of the Bank, or may come into the possession of the Bank from time to time, irrespective of them or anyone or more of them being held in safe custody by the Bank or otherwise.

Appears in 3 contracts

Samples: Cardmember Agreement, Cardmember Agreement, Cardmember Agreement

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RIGHT TO SET OFF /BANKER’S LIEN. In the event of your delaying or being unable to settle your Credit Card outstanding as provided in this Agreement, Agreement for any reason whatsoever, the Bank may exercise its right of General Lien, and / or Lien and/or set off and adjust any such outstanding against a property or assets (both moveable and immoveable) in possession of the Bank from time to time, including but not limited to amounts lying in fixed deposits, deposits and / or /or in other accounts with the Bank, property, assets (both moveable and immoveable), securities, stocks, shares, monies, and the like of the Primary Cardmember Card member and the Add-on Cardmember (sCard member(s) that are or may be in the possession of the Bank, Bank or may come into the possession of the Bank from time to time, irrespective of them or anyone or more of them being held in safe custody by the Bank or otherwise.

Appears in 2 contracts

Samples: Card Member Agreement, Corporate Card Cardmember Agreement

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RIGHT TO SET OFF /BANKER’S LIEN. 27.1 In the event of your delaying or being unable to settle your Credit Card outstanding as provided in this Agreement, Agreement for any reason whatsoever, the Bank may exercise its right of General Lien, and / or Lien and/or set off and adjust any such outstanding against a property or assets (both moveable and immoveable) in possession of the Bank from time to time, including but not limited to amounts lying in fixed deposits, deposits and / or /or in other accounts with the Bank, property, assets (both moveable and immoveable), securities, stocks, shares, monies, and the like of the Primary Cardmember Card member and the Add-on Cardmember (sCardmember(s) that are or may be in the possession of the Bank, Bank or may come into the possession of the Bank from time to time, irrespective of them or anyone or more of them being held in safe custody by the Bank or otherwise.

Appears in 1 contract

Samples: Cardmember Agreement

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