Common use of Set-off on default Clause in Contracts

Set-off on default. If an Event of Default occurs (as defined hereinafter) or this Agreement terminates, we shall set-off the balance of cash Margin owed by us to you against your obligations (as reasonably valued by us) to us. The net amount, if any, payable between us following such set-off, shall take into account the amounts payable to us under the Clause headed “Netting” of this Agreement.

Set-off on default. If there is an Event of Default occurs (as defined hereinafter) or this Agreement terminates, we shall may set-off the balance of cash Margin owed by us to you against your obligations (as reasonably valued by us) to usus or to any of our Associates. The net amount, if any, payable between us following such set-off, shall take into account the amounts Liquidation Amount payable to us under the Clause headed “Section 14 (Netting” of this Agreement).

Set-off on default. If an Event of Default occurs (as defined hereinafter) or this Agreement terminates, we shall set-off the balance of cash Margin owed by us to you against your obligations (as reasonably valued by us) to us. The net amount, if any, payable between us following such set-off, shall take into account the amounts payable to us under the Clause clause headed “Netting” of this Agreement.

Set-off on default. If there is an Event of Default occurs (as defined hereinafter) or this Agreement terminates, we shall may set-off the balance of cash Margin owed by us to you against your obligations (as reasonably valued by us) to usus or to any of our Associates. The net amount, if any, payable between us following such set-set- off, shall take into account the amounts Liquidation Amount payable to us under the Clause headed “Section 14 (Netting” of this Agreement).

Set-off on default. If an Event of Default occurs (as defined hereinafter) or this Agreement terminates, we shall set-off the balance of cash Margin owed by us to you against your obligations (as reasonably valued by us) to us. The net amount, if any, payable between us following such set-off, shall take into account consider the amounts payable to us under the Clause headed “Netting” of this Agreement.

Set-off on default. If an Event of Default occurs (as defined hereinafter) or this Agreement terminates, we shall set-off the balance of cash Margin owed by Marginowedby us to you against your obligations (as reasonably valued by valuedby us) to us. The net amount, if any, payable between us following such set-off, shall take into account the amounts payable to us under the Clause clause headed “Netting” of this Agreement.

Set-off on default. If an Event of Default occurs (as defined hereinafter) or this Agreement terminates, we We shall set-off the balance of cash Margin margin owed by us to you against your obligations (as reasonably valued by us) to usus if an event of default occurs (as defined below) or this Agreement terminates. The amounts payable to us under the clause headed 'Netting' of this Agreement shall consider the net amount, if any, payable between us following such set-off, shall take into account the amounts payable to us under the Clause headed “Netting” of this Agreement.