Common use of Set Clause in Contracts

Set. Off Deluxe may at any time and from time to time, without notice to the Corporation or to any other Person, set-off, appropriate and apply any and all deposits, general or special, matured or unmatured, held by or for the benefit of the Corporation with Deluxe, and any other indebtedness and liability of Deluxe to the Corporation, matured or unmatured, against and on account of the Obligations when due, in such order of application as Deluxe may from time to time determine.

Appears in 2 contracts

Sources: Security Agreement (Visual Bible International Inc), Inventory Security Agreement (Visual Bible International Inc)