Common use of Combination and Set Off Clause in Contracts

Combination and Set Off. 19.1 EISHK may, at any time and without notice to the Client, notwithstanding any settlement of account or other matter whatsoever, combine or consolidate all or any of the Client's accounts with EISHK (including the Securities Account) at any of its branch offices or with any of EISHK’s Associate and set-off or transfer any Securities, receivables held in or for the account of, or monies standing to the credit of, any one or more of such accounts in or towards satisfaction of any of the Liabilities. Where any such set-off, consolidation, combination or transfer requires the conversion of one currency into another, such conversion shall be calculated at the rate of exchange conclusively determined by EISHK to be applicable.

Appears in 4 contracts

Samples: www.eif.com.hk, www.eif.com.hk, www.eif.com.hk

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