Common use of of Annex No Clause in Contracts

of Annex No. 1 to the Agreement or other similar circumstance (which represents the grounds for termination of the Agreement), the Bank is entitled, without terminating the Agreement or on the basis of the decision to terminate the Agreement, to require the Depositor to perform financial liabilities ahead of schedule. Furthermore, the Bank is entitled to write off/deduct all payables from the Deposit Account and/or the Servicing Account without acceptance; if the payable amounts and the amounts existing at the accounts are in different currencies, the Bank shall translate the amount at the commercial exchange rate effective at the Bank as of the given date, or at the exchange rate agreed upon with the Depositor (if any), write off the translation service fee from corresponding accounts without acceptance and direct the converted amount to cover respective overdue payments, as well as fulfill ahead of schedule its obligations against the Depositor;