SET-OFF AND COMBINATION OF ACCOUNTS. 15.1 GTJAF may, at any time, combine or consolidate all or any of such accounts as are for the time being opened and maintained by the Client with GTJAF or other member of GTJA Group, including the Account, and the Client hereby irrevocably authorizes GTJAF (without prejudice to the other authorities granted to GTJAF hereunder):-
SET-OFF AND COMBINATION OF ACCOUNTS. 15.1 Notwithstanding anything contained in this Agreement or in any other agreement between any member of the SYS Group and Client or any Client Group Company, subject to any applicable law, rules and regulations, and in particular, Rule 623 of the HKFE Rules, Client (for himself and as agent on behalf of any Client Group Company) hereby irrevocably directs and authorizes SYS (for itself and as agent on behalf of any member of the SYS Group) to set-off, withhold, apply and/or transfer (as the case may be) any Commodities, Futures Contracts, Option Contracts, receivables or monies held in or for the Account or any other account with SYS or any other member of the SYS in whole or partial payment of any sum or liability (of whatever nature whether primary, collateral, several or joint (including any liability or sum required to meet demands for Margin or margin requirements) or in other currencies and whether or not in connection with the Account) owed by Client or any Client Group Company to SYS or any other member of the SYS.