Common use of SECURITY INTEREST; SETOFF Clause in Contracts

SECURITY INTEREST; SETOFF. You grant us a security interest in your account, including all current and future deposits, for amounts owing to us now and/or in the future under this agreement or under any account service agreement by any owner. We may charge or set off funds in your account for any direct, indirect and/or acquired obligations that you owe us now and/or in the future, regardless of the source of the funds in the account, to the fullest extent permitted by law.

Appears in 5 contracts

Samples: Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement

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