POWER TO SELL OR CLOSE OUT. 15.1 If, at a time monies become due or will or may become due in the future, as a result of a commitment entered into by the Bank on behalf of the Client and the Bank is of the opinion that the Client has not performed or may not be able or willing in the future to perform all or any of its obligations to the Bank, then the Bank may at its discretion and without liability to the Client exercise the following powers:
POWER TO SELL OR CLOSE OUT. 23.1. We, where the FCA Rules allow, retain, transfer or sell any of your assets so far as is reasonably necessary:
POWER TO SELL OR CLOSE OUT. 4.1 If at any time, we have any reason to believe that you may be unable or unwilling to meet any liabilities which you have incurred to us, or which we may have incurred on your behalf or to comply with any obligations under this Agreement, we shall be entitled (and are irrevocably authorised by you) to take all or any of the following actions without prior notice to you:
POWER TO SELL OR CLOSE OUT. The Client agrees that SICO shall have a right of set-off (or similar right) over any of the Client’s property rights and interests which may be in SICO’s custody or control, which rights may be exercised by SICO at any time and from time to time without notice to the Client or any other person. SICO may therefore at any time sell any of the Securities and combine and consolidate all or any of the Accounts held in the Client’s name irrespective of the type of account or the title an Account comes under and set-off against any amounts due and payable by SICO all or any moneys or assets which SICO may at any time hold to the Client’s account. SICO may, at any time and from time to time, without notice, combine all or any of the Client’s Account(s) and liabilities with it whether single or joint with any other of the Client’s Account, or setoff all or any moneys standing to the credit of such Accounts including any deposits with SICO for brokerage or any other service (and whether matured or not), whether as principal or surety, actual or contingent, primary or collateral, singly or jointly with any other person, and SICO may affect any necessary currency conversions at SICO’s own rate of exchange then prevailing. In all cases, even after SICO exercises such rights, the Client shall remain liable to SICO for any still outstanding amounts and promptly pay such amounts to SICO.
