Common use of Combination of Accounts Clause in Contracts

Combination of Accounts. As between each ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Company and the Client, a ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Company may, at any time following an Event of Default, without notice to the Client combine, consolidate or merge all or any of the Accounts with that ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Company with any Liabilities owed to that ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Company and may set off any amount standing to the credit of any such Accounts in or towards satisfaction of any of the Client's Liabilities to that ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Company. Each ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Company may do so notwithstanding that the balances on such Accounts and the Liabilities may not be expressed in the same currency and a ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Company is hereby authorised to effect any necessary conversions in accordance with paragraph K.4..