Common use of Security Interest; Right of Set-Off Clause in Contracts

Security Interest; Right of Set-Off. You grant us a security interest in your Account to secure payment of any money that you owe to us arising under this Agreement or any other agreements with the Bank. You acknowledge and xxxxx us the right to use any of the funds in your Account to cover any debt you owe to us (referred to as a “right of set-off”). You agree that the security interests you have granted to us are consensual and in addition to any rights of set-off we possess. We may exercise our security interest or right of set-off without prior recourse to other sources of repayment or collateral, if any, and even if such action causes you to lose interest, incur any early withdrawal penalty, or suffer any other consequences from the exercise of our rights. If we exercise our security interest or right to set-off, we will notify you to the extent required by applicable law. We will not assert, claim, or exercise any right of set-off against any Account receiving a direct deposit of social security or supplemental security income and/or funds in an Account to the extent prohibited by law. If the law imposes conditions or limits on our ability to take or set off funds in your Accounts, to the extent that you may do so by contract, you waive those conditions and limits, and you authorize us to apply funds as we deem applicable. We may also exercise these rights against a joint Account owner. These rights exist no matter who contributed the funds to the joint Account. We will consider this Agreement as your consent for us asserting our security interest or exercising our right of set-off should any laws governing your Account require your consent.

Security Interest; Right of Set-Off. You grant us a security interest in any and all of your Account accounts with us to secure payment of any money that you owe to us arising under this Agreement or any other agreements with the Bankus. You acknowledge and xxxxx us the right to use take funds from any of the funds in your Account accounts with us or our affiliates to cover any debt money you owe to us (referred to as a “right of set-off”). You agree that the security interests you have granted to us are consensual and in addition to any rights right of set-off we possessoff. We may exercise our security interest or right of set-off without prior recourse to other sources of repayment or collateral, if any, and even if such action causes you to lose interest, incur any early withdrawal penalty, or suffer any other consequences from the exercise of our rights. If we exercise our security interest or right to set-off, we will notify you to the extent required by applicable lawconsequence. We will not assert, claim, or exercise any right of set-off against any Account account receiving a direct deposit of social security or supplemental security income and/or funds in an Account to the extent prohibited by lawincome. If the law imposes conditions or limits on our ability to take or set set-off funds in your Accountsaccounts, to the extent that you may do so by contract, you waive those conditions and limits, and you authorize us to apply funds as we deem applicable. We may also exercise these rights against a joint Account owner. These rights exist no matter who contributed the funds to the joint Account. We will consider this Agreement as your consent for us asserting our security interest or exercising our right of set-off should any laws governing your Account require your consent. Your Account is not transferable and is not assignable as collateral for a loan or for any other purpose. You agree that any act or omission made by us in reliance upon or in accordance with any provision of the Uniform Commercial Code as adopted in the state of Utah, or any rule or regulation of the state of Utah or a federal agency having jurisdiction over us, will constitute ordinary care.

Security Interest; Right of Set-Off. You grant us a security interest in any and all of your Account accounts with us to secure payment of any money that you owe to us arising under this Agreement or any other agreements with the Bankus. You acknowledge and xxxxx us the right to use take funds from any of your accounts with the funds in your Account Bank or our affiliates to cover any debt money you owe to us (referred to as a “right of set-off”). You agree that the security interests you have granted to us are consensual and in addition to any rights of set-off we possessoff. We may exercise our security interest or right of set-off without prior recourse to other sources of repayment or collateral, if any, and even if such action causes you to lose interest, incur any early withdrawal penalty, or suffer any other consequences from the exercise of our rights. If we exercise our security interest or right to set-off, we will notify you to the extent required by applicable lawconsequence. We will not assert, claim, or exercise any right of set-off against any Account account receiving a direct deposit of social security or supplemental security income and/or funds in an Account to the extent prohibited by lawincome. If the law imposes conditions or limits on our ability to take or set set-off funds in your Accountsaccounts, to the extent that you may do so by contract, you waive those conditions and limits, and you authorize us to apply funds as we deem applicable. We may also exercise these rights against a joint Account ownerco-owned account. These rights exist no matter who contributed the funds to the joint Accountco-owned account. We will consider this Agreement as your consent for us asserting our security interest or exercising our right of set-off should any laws governing your Account account require your consent.

Security Interest; Right of Set-Off. You grant us a security interest in your Account to secure payment of any money that you owe to us arising under this Agreement or any other agreements with the Bank. You acknowledge and xxxxx us the right to use any of the funds in your Account to cover any debt money you owe to us (referred to as a “right of set-off”). You agree that the security interests you have granted to us are consensual and in addition to any rights of set-off we possessoff. We may exercise our security interest or right of set-off without prior recourse to other sources of repayment or collateral, if any, and even if such action causes you to lose interest, incur any early withdrawal penalty, or suffer any other consequences from the exercise of our rightsconsequence. If we exercise our security interest or right to set-off, we will notify you to the extent required by applicable law. We will not assert, claim, or exercise any right of set-off against any Account receiving a direct deposit of social security or supplemental security income and/or funds in an Account to the extent if prohibited by law. If the law imposes conditions or limits on our ability to take or set off funds in your Accounts, to the extent that you may do so by contract, you waive those conditions and limits, and you authorize us to apply funds as we deem applicable. We may also exercise these rights against a joint Account owner. These rights exist no matter who contributed the funds to the joint Account. We will consider this Agreement as your consent for us asserting our security interest or exercising our right of set-off should any laws governing your Account require your consent.