Set Off and Consolidation Sample Clauses

Set Off and Consolidation. 17.1 DBS may at any time and without prior notice or demand combine or consolidate any and all account(s) maintained by the Cardmember with DBS and or set off or transfer any sum standing to the credit in any or all such account(s) in or towards the discharge or payment of any and all sums due to DBS from the Cardmember on any Card Account or under this Agreement and the right herein conferred shall be exercisable notwithstanding that:
AutoNDA by SimpleDocs
Set Off and Consolidation. The Bank may with 7 days prior notice, combine and consolidate all or any of the accounts of the Cardmember maintained with the Bank and set-off or transfer credit balance in any such accounts including joint accounts in or towards discharge of all sums due to the Bank from the Cardmember. Where the sums are in different currencies, the Bank may make the necessary conversion at the Bank's prevailing exchange rates. The Bank may with 7 days prior notice transfer the credit balance in any account towards discharge of all or any sums due under any account of the Cardmember with any member of OCBC Group.
Set Off and Consolidation. The Bank may at any time and without prior notice or demand combine or consolidate any and all account(s) maintained by:
Set Off and Consolidation. 18.1 The Bank may at any time and without prior notice or demand combine or consolidate the outstanding balance on the Card Account with any one or all accounts of the Firm with the Bank and/or set off or apply any money standing to the credit of any one or all of such accounts in or towards the satisfaction of any and all sums payable by the Firm to the Bank on any account, including the outstanding balance on the Card Account or under these Terms and Conditions.
Set Off and Consolidation. The Bank may, without notice to the Borrower combine, consolidate or merge all or any of the Borrower’s accounts with, and liabilities to, the Bank (whether in Singapore or elsewhere and whether in the Borrower’s individual or joint names or jointly with others or in any other respect) and may set-off or transfer any sum standing to the credit of any such accounts in or towards the satisfaction of any of the Borrower’s obligations and liabilities to the Bank (whether under the Facility Letter or otherwise, whether actual or contingent and whether or not such obligations or liabilities are accrued or not) and may do so notwithstanding that the balances on such accounts and the liabilities may not be expressed in the same currency and the Bank is hereby authorised to effect any necessary conversions at the Bank’s rate of exchange then prevailing.
Set Off and Consolidation. 16.1 CIMB Bank shall be entitled at any time and without notice to you to combine or consolidate all or part of the monies in your Accounts (whether matured or not) and/or appropriate, set off or transfer any sums standing to the credit of Accounts (whether matured or not), and where required, earmark any amount credited or expected to be credited into your Accounts towards the repayment of sums owed by you to CIMB Bank regardless of whether Accounts and/or your access to and use of the Electronic Channels and/or the Banking Services or any part thereof has been terminated or whether the balance owed to CIMB Bank has become due or payable, and shall be entitled to refuse any withdrawals from your Accounts where such Accounts are earmarked for sums owing to us until such sums are paid in full.
Set Off and Consolidation. 19.1 The Bank and each of the Bank’s related corporations may (without prejudice to any general or banker’s lien, right of set-off or any other right to which the Bank may be entitled) at any time and without prior notice or demand combine or consolidate the outstanding balance on the Card Account with any one or all accounts of the Firm with the Bank and/or any of the Bank’s related corporations and/or set off or apply any money standing to the credit of any one or all of such accounts in or towards the satisfaction of any and all sums payable by the Firm to the Bank and/or any of the Bank’s related corporations on any account, including the outstanding balance on the Card Account or under these Terms and Conditions. Where such set-off requires the conversion of one currency into another, the Bank and any of the Bank’s related corporations is authorised to purchase with the moneys standing to the credit of any one or all of such accounts such other currencies (at such exchange rate as the Bank and/or any of its related corporations may determine) as may be necessary for this purpose. All of the Bank’s rights under this Clause 19 shall apply to, and be conferred on, the Bank’s related corporations, all of which shall be entitled to enforce and enjoy the benefit of this Clause 19 to the fullest extent permitted by the law. Without any prejudice to the generality of the foregoing, any of the Bank’s related corporations may enjoy the benefit or enforce the terms of this Clause 19 in accordance with the provisions of the Contracts (Rights of Third Parties) Act 2001 of Singapore.
AutoNDA by SimpleDocs
Set Off and Consolidation. 13.1 Without prejudice and in addition to any existing rights which the Bank may be entitled to at law or in equity or otherwise, the Bank may at any time and from time to time and without notice to you, transfer, apply, utilise, combine or set off or otherwise deal with any sum standing to the credit of the Account and/or all or any of your accounts with the Bank (whether matured or unmatured fixed deposits, savings, current account or otherwise) in or towards the satisfaction of the Indebtedness and/or any of the liabilities or indebtedness owed to the Bank by you or by any company in which you own shares (including without limitation your subsidiaries) (collectively “the Related Companies”) (whether such liabilities or indebtedness are present, future, actual or contingent and whether in your name or in the names of the Related Companies alone or jointly with other or jointly and severally with others and whether as principal or as surety) and the Bank may do so notwithstanding that the balances on the Account and or such other accounts and the Indebtedness may not be expressed in the same currency or maintained at the same branch; and for the purpose of exercising any rights under this clause or rights under general law the Bank is authorised to effect any necessary conversions at the Bank’s own rate of exchange at the time prevailing or other rate available to the Bank. The Bank’s right hereunder should not be affected by your death or legal incapacity.
Set Off and Consolidation. The Accountholder authorises the Bank to apply any credit balance to which the Accountholder is entitled on any account with the Bank or any of its branches or subsidiaries in any jurisdiction, in satisfaction of any sum due and payable from the Accountholder to the Bank hereunder but unpaid; for this purpose, the Bank is authorised to purchase with the moneys standing to the credit of any such account such other currencies as may be necessary to effect such application. The Bank shall not be obliged to exercise any right given to it in this Clause.
Set Off and Consolidation. 13.1 The Client acknowledges and agrees that, in addition to any security interest, lien and rights of set-off and any similar express or implied rights which the Company may be entitled to exercise from time to time, the Company may, at any time and as a continuing right, without notice or demand:
Time is Money Join Law Insider Premium to draft better contracts faster.