Common use of SET-OFF RIGHTS Clause in Contracts

SET-OFF RIGHTS. 8.1 We may at any time without notice, set-off any claims, costs, charges, penalties, expenses or other liabilities which you owe to us against any liability we have towards you, whether either liability is present or future, liquidated or unliquidated, and whether or not either liability arises under this Agreement. If the liabilities to be set-off are expressed in different currencies, we may convert either liability at a market rate of exchange it can reasonably obtain for the purpose of the set-off.

SET-OFF RIGHTS. 8.1 We may may, at any time time, without notice, set-off any claims, costs, charges, penalties, expenses or other liabilities which you owe to us against any liability liabilities we have towards owe to you, whether either liability is such liabilities are present or future, liquidated or unliquidated, and whether or not either liability arises they arise under this the Agreement. If the liabilities amounts to be set-off are expressed in different currencies, we may convert either liability them at a market rate of exchange it we can reasonably obtain for the purpose of the set-off.