Common use of Deductions in Accounts Clause in Contracts

Deductions in Accounts. 5.1 In the event that any obligation owed by Y to X relating to Securities, etc. Clearing-Brokering Contracts become due and payable pursuant to the preceding two Articles, X may set off at any time any such obligation against any of Y's rights with X relating to any Securities, etc. Clearing-Brokering Contract, together with any other right of Y with X, irrespective of the due date of any such right.

Deductions in Accounts. 5.1 4.1 In the event that any obligation owed by Y to X relating to Securities, etc. Clearing-Brokering Contracts and Clearing-undertaken Positions become due and payable pursuant to the preceding two Articles, X may set off at any time any such obligation against any of Y's rights with X relating to any Securities, etc. Clearing-Brokering ContractContract and Clearing-undertaken Position, together with any other right of Y with X, irrespective of the due date of any such right.