Common use of Set Off and Consolidation Clause in Contracts

Set Off and Consolidation. 18.1 DBS may at any time and without prior notice or demand combine or consolidate any and all account(s) maintained by the Cardmember or any Cardholder 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 or that Cardholder on any Card Account or under this Agreement and the right herein conferred shall be exercisable notwithstanding that: 18.1.1 the use of the Card or the Card Account has not been terminated; and/or 18.1.2 the Outstanding Balance then on the Card Account does not exceed the Credit Limit imposed on the Card Account.

Set Off and Consolidation. 18.1 DBS may at any time and without prior notice or demand combine or consolidate any and all account(s) maintained by the Cardmember or any Cardholder 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 or that Cardholder on any Card Account or under this Agreement and the right herein conferred shall be exercisable notwithstanding thatregardless of whether: 18.1.1 the use of the Card or the Card Account has not been terminated; and/orand/ or 18.1.2 the Outstanding Balance then on the Card Account does not exceed the Credit Limit imposed on the Card Account.

Set Off and Consolidation. 18.1 DBS may at any time and without prior notice or demand combine or consolidate any and all account(s) maintained by the Cardmember or any Cardholder 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 or that Cardholder on any Card Account or under this Agreement and the right herein conferred shall be exercisable notwithstanding that: 18.1.1 the use of the Card or the Card Account has not been terminated; and/orand/ or 18.1.2 the Outstanding Balance then on the Card Account does not exceed the Credit Limit imposed on the Card Account.