Common use of Set Clause in Contracts

Set. Off Notwithstanding anything else in this Agreement, MSL shall be entitled to set off against any amount payable to the Customer by MSL pursuant to this Agreement or on any other account whatsoever, any amounts owing by the Customer to MSL or its Associates ("Debts") whether pursuant to this Agreement or on any other account whatsoever (whether or not such amounts are due and payable and irrespective of the currency in which such amounts are denominated) and shall also be entitled to use any monies held in the Account in the discharge of such Debts.

Appears in 2 contracts

Sources: Client Trading Agreement, Client Trading Agreement