Common use of LIEN AND RIGHT OF SET-OFF Clause in Contracts

LIEN AND RIGHT OF SET-OFF. 12.1 The Manager shall be entitled to refuse to deliver any of the property assets, including any kind of Financial Instruments or funds which come, by any means, into the possession of the Manager for account of the Client to the Client or to any other person to the order of the Client until the Client carries out his obligations towards the Manager pursuant to this Agreement and any other agreement the Client has entered into with the Manager. All other separate transactions between the Client and the Manager shall be deemed to be governed by these terms and all shall be subject to the Manager’s rights of lien or set off.

Appears in 7 contracts

Samples: Management Service Agreement, Service Agreement, Management Service Agreement

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