Common use of Right to Set Off Clause in Contracts

Right to Set Off. (i) The Cardmember agrees that the Bank is entitled at any time without notice or demand and without liability to account for loss of interest, to combine, consolidate and to set-off or transfer any amounts from any account maintained whether in Singapore or elsewhere and whether matured or not by the Cardmember with the Bank whether such accounts be held by the Cardmember singly or jointly with another person in settlement of any outstanding amount due to the Bank by the Cardmember on the Card Account. (ii) Where any set-off or consolidation undertaken by the Bank involves the conversion of one currency to another, the Bank shall be entitled without notice to make the necessary conversion at the Bank’s prevailing currency exchange rate. Any loss that may arise from such conversion shall not be recoverable from the Bank. (iii) The Cardmember irrevocably and unconditionally appoints the Bank as its attorney to do any or all of the following on behalf of and in its name:- (a) to demand and receive any monies due to the Cardmember or standing to the credit of the Cardmember on any account whatsoever (whether current, savings, time deposit or otherwise) of the Cardmember with any bank or financial institution; (b) without prejudice to the generality of the foregoing, to request and agree to premature termination of any time deposit account of the Cardmember with any bank or financial institution and for the withdrawals of the monies therein; and (c) for any of the purposes aforesaid to sign, execute and/or deliver any document and give or issue any receipt. (iv) The power of attorney and all other purposes granted herein are given for valuable consideration and form an integral part of and are inseparable from this Agreement and shall be and remain irrevocable until all sums due under this Agreement have been duly and fully paid.

Right to Set Off. (i) 13.1 The Cardmember hereby agrees that the Bank is entitled at any time without notice or demand and without liability to account for loss of interest, to combine, consolidate and to set-off or transfer any amounts from any account maintained whether in Singapore or elsewhere and whether matured or not by the Cardmember with the Bank whether such accounts Accounts be held by the Cardmember singly or jointly with another person in settlement of any outstanding amount due to the Bank by the Cardmember on the Card Account. (ii) 13.2 Where any set-off or consolidation undertaken by the Bank involves the conversion of one currency to another, the Bank shall be entitled without notice to make the necessary conversion at the Bank’s prevailing currency exchange rate. Any loss that may arise from such conversion shall not be recoverable from the Bank. (iii) 13.3 The Cardmember hereby irrevocably and unconditionally appoints the Bank as its attorney to do any or all of the following on behalf of and in its name:-name: (a) to demand and receive any monies due to the Cardmember or standing to the credit of the Cardmember on any account whatsoever (whether current, savings, time deposit or otherwise) of the Cardmember with any bank Bank or financial institutioninstitutions; (b) without prejudice to the generality of the foregoing, to request and to agree to premature termination of any time deposit account of the Cardmember with any bank or financial institution and for the withdrawals of the monies therein; and (c) for any of the purposes aforesaid to sign, execute and/or deliver any document and give or issue any receipt. (iv) 13.4 The power of attorney and all other purposes granted herein are given for valuable consideration and form an integral part of and are inseparable from this Agreement and shall be and remain irrevocable until all sums due under this Agreement have been duly and fully paid.

Right to Set Off. (i) The Cardmember agrees that the Bank is entitled at any time without notice or demand and without liability to account for loss of interest, to combine, consolidate and to set-off or transfer any amounts from any account maintained whether in Singapore or elsewhere and whether matured or not by the Cardmember with the Bank whether such accounts be held by the Cardmember singly or jointly with another person in settlement of any outstanding amount due to the Bank by the Cardmember on the Card Account. (ii) Where any set-off or consolidation undertaken by the Bank involves the conversion of one currency to another, the Bank shall be entitled without notice to make the necessary conversion at the Bank’s prevailing currency exchange rate. Any loss that may arise from such conversion shall not be recoverable from the Bank. (iii) The Cardmember irrevocably and unconditionally appoints appoint the Bank as its attorney to do any or all of the following on behalf of and in its name:- (a) to demand and receive any monies due to the Cardmember or standing to the credit of the Cardmember on any account whatsoever (whether current, savings, time deposit or otherwise) of the Cardmember with any bank or financial institutioninstitutions; (b) without prejudice to the generality of the foregoing, to request and to agree to premature termination of any time deposit account of the Cardmember with any bank or financial institution and for the withdrawals of the monies therein; and (c) for any of the purposes aforesaid to sign, execute and/or deliver any document and give or issue any receipt. (iv) The power of attorney and all other purposes granted herein are given for valuable consideration and form an integral part of and are inseparable from this Agreement and shall be and remain irrevocable until all sums due under this Agreement have been duly and fully paid.

Right to Set Off. (i) The Cardmember agrees that the Bank is entitled at any time without notice or demand and without liability to account for loss of interest, to combine, consolidate and to set-off or transfer any amounts from any account maintained whether in Singapore or elsewhere and whether matured or not by the Cardmember with the Bank whether such accounts be held by the Cardmember singly or jointly with another person in settlement of any outstanding amount due to the Bank by the Cardmember on the Card Account. (ii) Where any set-off or consolidation undertaken by the Bank involves the conversion of one currency to another, the Bank shall be entitled without notice to make the necessary conversion at the Bank’s prevailing currency exchange rate. Any loss that may arise from such conversion shall not be recoverable from the Bank. (iii) The Cardmember irrevocably and unconditionally appoints the Bank as its attorney to do any or all of the following on behalf of and in its name:-name: (a) to demand and receive any monies due to the Cardmember or standing to the credit of the Cardmember on any account whatsoever (whether current, savings, time deposit or otherwise) of the Cardmember with any bank or financial institution; (b) without prejudice to the generality of the foregoing, to request and agree to premature termination of any time deposit account of the Cardmember with any bank or financial institution and for the withdrawals of the monies therein; and (c) for any of the purposes aforesaid to sign, execute and/or deliver any document and give or issue any receipt. (iv) The power of attorney and all other purposes granted herein are given for valuable consideration and form an integral part of and are inseparable from this Agreement and shall be and remain irrevocable until all sums due under this Agreement have been duly and fully paid.

Right to Set Off. (i) 23.1. The Cardmember hereby agrees that the Bank is entitled at any time without notice or demand and without liability to account for loss of interest, to combine, consolidate and to set-off or transfer any amounts from any account maintained whether in Singapore or elsewhere and whether matured or not by the Cardmember with the Bank whether such accounts Accounts be held by the Cardmember singly or jointly with another person in settlement of any outstanding amount due to the Bank by the Cardmember on the Card Account. (ii) 23.2. Where any set-off or consolidation undertaken by the Bank involves the conversion of one currency to another, the Bank shall be entitled without notice to make the necessary conversion at the Bank’s prevailing currency exchange rate. Any loss that may arise from such conversion shall not be recoverable from the Bank. (iii) 23.3. The Cardmember hereby irrevocably and unconditionally appoints the Bank as its attorney to do any or all of the following on behalf of and in its name:-name: (a) to demand and receive any monies due to the Cardmember or standing to the credit of the Cardmember on any account whatsoever (whether current, savings, time deposit or otherwise) of the Cardmember with any bank Bank or financial institutionfinancialinstitutions; (b) without prejudice to the generality of the foregoing, to request and to agree to premature termination of any time deposit account of the Cardmember with any bank or financial institution and for the withdrawals of the monies therein; and (c) for any of the purposes aforesaid to sign, execute and/or deliver any document and give or issue any receipt. (iv) 23.4. The power of attorney and all other purposes granted herein are given for valuable consideration and form an integral part of and are inseparable from this Agreement and shall be and remain irrevocable until all sums due under this Agreement have been duly and fully paid.

Right to Set Off. (i) 23.1. The Cardmember hereby agrees that the Bank is entitled at any time without notice or demand and without liability to account for loss of interest, to combine, consolidate and to set-off or transfer any amounts from any account maintained whether in Singapore or elsewhere and whether matured or not by the Cardmember with the Bank whether such accounts Accounts be held by the Cardmember singly or jointly with another person in settlement of any outstanding amount due to the Bank by the Cardmember on the Card Account. (ii) 23.2. Where any set-off or consolidation undertaken by the Bank involves the conversion of one currency to another, the Bank shall be entitled without notice to make the necessary conversion at the Bank’s prevailing currency exchange rate. Any loss that may arise from such conversion shall not be recoverable from the Bank. (iii) 23.3. The Cardmember hereby irrevocably and unconditionally appoints the Bank as its attorney to do any or all of the following on behalf of and in its name:-name: (a) to demand and receive any monies due to the Cardmember or standing to the credit of the Cardmember on any account whatsoever (whether current, savings, time deposit or otherwise) of the Cardmember with any bank Bank or financial institutioninstitutions; (b) without prejudice to the generality of the foregoing, to request and to agree to premature termination of any time deposit account of the Cardmember with any bank or financial institution and for the withdrawals of the monies therein; and (c) for any of the purposes aforesaid to sign, execute and/or deliver any document and give or issue any receipt. (iv) 23.4. The power of attorney and all other purposes granted herein are given for valuable consideration and form an integral part of and are inseparable from this Agreement and shall be and remain irrevocable until all sums due under this Agreement have been duly and fully paid.

Right to Set Off. (i) 22.1. The Cardmember hereby agrees that the Bank is entitled at any time without notice or demand and without liability to account for loss of interest, to combine, consolidate and to set-off or transfer any amounts from any account maintained whether in Singapore or elsewhere and whether matured or not by the Cardmember with the Bank whether such accounts Accounts be held by the Cardmember singly or jointly with another person in settlement of any outstanding amount due to the Bank by the Cardmember on the Card Account. (ii) 22.2. Where any set-off or consolidation undertaken by the Bank involves the conversion of one currency to another, the Bank shall be entitled without notice to make the necessary conversion at the Bank’s prevailing currency exchange rate. Any loss that may arise from such conversion shall not be recoverable from the Bank. (iii) 22.3. The Cardmember hereby irrevocably and unconditionally appoints the Bank as its attorney to do any or all of the following on behalf of and in its name:-name: (a) to demand and receive any monies due to the Cardmember or standing to the credit of the Cardmember on any account whatsoever (whether current, savings, time deposit or otherwise) of the Cardmember with any bank Bank or financial institutioninstitutions; (b) without prejudice to the generality of the foregoing, to request and to agree to premature termination of any time deposit account of the Cardmember with any bank or financial institution and for the withdrawals of the monies therein; and (c) for any of the purposes aforesaid to sign, execute and/or deliver any document and give or issue any receipt. (iv) 22.4. The power of attorney and all other purposes granted herein are given for valuable consideration and form an integral part of and are inseparable from this Agreement and shall be and remain irrevocable until all sums due under this Agreement have been duly and fully paid.

Right to Set Off. (i) 21.1. The Cardmember hereby agrees that the Bank is entitled at any time without notice or demand and without liability to account for loss of interest, to combine, consolidate and to set-off or transfer any amounts from any account maintained whether in Singapore or elsewhere and whether matured or not by the Cardmember with the Bank whether such accounts Accounts be held by the Cardmember singly or jointly with another person in settlement of any outstanding amount due to the Bank by the Cardmember on the Card Account. (ii) 21.2. Where any set-off or consolidation undertaken by the Bank involves the conversion of one currency to another, the Bank shall be entitled without notice to make the necessary conversion at the Bank’s prevailing currency exchange rate. Any loss that may arise from such conversion shall not be recoverable from the Bank. (iii) 21.3. The Cardmember hereby irrevocably and unconditionally appoints the Bank as its attorney to do any or all of the following on behalf of and in its name:-name: (a) to demand and receive any monies due to the Cardmember or standing to the credit of the Cardmember on any account whatsoever (whether current, savings, time deposit or otherwise) of the Cardmember with any bank Bank or financial institutioninstitutions; (b) without prejudice to the generality of the foregoing, to request and to agree to premature termination of any time deposit account of the Cardmember with any bank or financial institution and for the withdrawals of the monies therein; and (c) for any of the purposes aforesaid to sign, execute and/or deliver any document and give or issue any receipt. (iv) 21.4. The power of attorney and all other purposes granted herein are given for valuable consideration and form an integral part of and are inseparable from this Agreement and shall be and remain irrevocable until all sums due under this Agreement have been duly and fully paid.