Common use of Set Off and Consolidation Clause in Contracts

Set Off and Consolidation. 16.1 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 Cardmember 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 Cardmember to the bank on any account, including the outstanding balance on the Card Account or under this Agreement. 16.2 The Bank’s rights conferred under Clause 16.1 shall be exercisable regardless of whether: (a) the use of your Card or the Card Account has been terminated; and/or (b) the balance in the Bank’s favour or owed to the Bank has become due or payable.

Set Off and Consolidation. 16.1 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 Cardmember 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 Cardmember Firm to the bank Bank on any account, including the outstanding balance on the Card Account or under this Agreementthese Terms and Conditions. 16.2 18.2 The Bank’s rights conferred under Clause 16.1 shall be exercisable regardless of whether: (a) the use of your the Card or the Card Account has been terminated; and/or (b) the balance in the Bank’s favour or owed to the Bank has become due or payable.