Set-off and the Right of Consolidation. 17.1 Notwithstanding anything contained in this Agreement, the Bank shall, with prior written notice to the Customer, be entitled to set off, sell or realize the Collateral and all the Customer’s money, Securities, and other property now, or which may hereafter be held or maintained with the Bank, either solely or jointly, whether in the same currency as the Customer’s obligation hereunder and whether for safe custody or otherwise, against payment of the Liabilities. In the event the sale proceeds or the amount available in the Customer’s Accounts is insufficient, the Customer shall accordingly be liable to pay the Bank the shortfall forthwith.
Set-off and the Right of Consolidation. 19.1 In addition to and without prejudice to the Bank’s right of set-off under any other account, all the Customer’s moneys, Securities, and other property now, or which may hereafter be held or maintained with the Bank, either solely or jointly, and whether in Singapore or otherwise, whether in the same currency as the Customer’s obligation hereunder and whether for safe custody or otherwise, shall be charged and pledged to the Bank for the payment of the Liabilities and the Bank shall be entitled to retain and not repay or deliver any amount or Securities or other property which the Bank may hold for the Customer’s account until and unless the Customer shall have discharged the Liabilities in full. The Bank may, at any time, and without notice or consent from the Customer, set-off or transfer moneys or sell or realise any or all of the Securities and other property to satisfy any of the Customer’s Liabilities under the Terms or any Contract and the Bank shall thereafter as soon as reasonably practicable inform the Customer of the same. In the event that the sale proceeds or the amount available in the Customer’s Accounts is insufficient, the Customer shall accordingly be liable to pay the Bank the shortfall forthwith.
