Common use of Lien and Set Off Clause in Contracts

Lien and Set Off. 15.1 In addition to any general lien or other rights to which MAS may be entitled under any applicable law, and to the greatest extent permitted by and without restriction imposed under applicable law, MAS shall have a general lien on and (without notice to the Specified Institution ) a right to set off, realise or apply or to otherwise dispose of all monies in the Current Account in satisfaction of all liabilities and obligations (whether actual or contingent and in whatever currency) of the Specified Institution to MAS. 15.2 The Specified Institution shall not, without the express prior written consent of MAS, assign, charge or otherwise encumber the Current Account or any cash balance therein, and shall not permit such encumbrances to exist.

Lien and Set Off. 15.1 In addition to any general lien or other rights to which MAS may be entitled under any applicable law, and to the greatest extent permitted by and without restriction imposed under applicable law, MAS shall have a general lien on and (without notice to the Specified Institution Institution) a right to set off, realise or apply or to otherwise dispose of all monies in the Current Account in satisfaction of all liabilities and obligations (whether actual or contingent and in whatever currency) of the Specified Institution to MAS. 15.2 The Specified Institution shall not, without the express prior written consent of MAS, assign, charge or otherwise encumber the Current Account or any cash balance therein, and shall not permit such encumbrances to exist.

Lien and Set Off. 15.1 In addition to any general lien or other rights to which MAS may be entitled under any applicable law, and to the greatest extent permitted by and without restriction imposed under applicable law, MAS shall have a general lien on and (without notice to the Specified Institution Merchant Bank ) a right to set off, realise or apply or to otherwise dispose of all monies in the Current Account in satisfaction of all liabilities and obligations (whether actual or contingent and in whatever currency) of the Specified Institution Merchant Bank to MAS. 15.2 The Specified Institution Merchant Bank shall not, without the express prior written consent of MAS, assign, charge or otherwise encumber the Current Account or any cash balance therein, and shall not permit such encumbrances to exist.

Lien and Set Off. 15.1 In addition to any general lien or other rights to which MAS may be entitled under any applicable law, and to the greatest extent permitted by and without restriction imposed under applicable law, MAS shall have a general lien on and (without notice to the Specified Institution Merchant Bank) a right to set off, realise or apply or to otherwise dispose of all monies in the Current Account in satisfaction of all liabilities and obligations (whether actual or contingent and in whatever currency) of the Specified Institution Merchant Bank to MAS. 15.2 The Specified Institution Merchant Bank shall not, without the express prior written consent of MAS, assign, charge or otherwise encumber the Current Account or any cash balance therein, and shall not permit such encumbrances to exist.