Common use of Set-off on default Clause in Contracts

Set-off on default. If there is an Event of Default 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 Liquidation Amount payable under the Netting Module of this Agreement.

Set-off on default. If there is an Event of Default 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 Liquidation Amount payable under the Netting Module of this AgreementClause 15 (Netting).

Set-off on default. If there is an Event of Default 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-set- off, shall take into account the Liquidation Amount payable under the Netting Module of this AgreementClause 11.

Set-off on default. If there is an Event of Default 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 Liquidation Amount payable under the Netting Module of this AgreementClause 17 (Netting).

Set-off on default. If there is an Event of Default or this Agreement terminates, we shall set-off 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-offset‐off, shall take into account the Liquidation Amount payable under the Netting Module Clause headed “Netting” of this Agreement.

Set-off on default. If there is an Event of Default or this Agreement terminates, we shall set-off set­off 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-offset­off, shall take into account the Liquidation Amount payable paya­ ble under the Netting Module provisions of this Agreementclause 11.

Set-off on default. If there is an Event of Default 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 Liquidation Amount payable under the Netting Module of this AgreementClause 16 (Netting).

Set-off on default. If there is an Event of Default or this Agreement terminates, we shall set-off setoff 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 Liquidation Amount payable under the Netting Module of this AgreementClause 15 (Netting).

Set-off on default. If there is an Event of Default or this Agreement terminates, we shall set-may set off the balance of cash margin owed by us to you against your obligations Obligations (as reasonably valued by us) as they become due and payable to usus and we shall be obliged to pay to you (or entitled to claim from you, as appropriate) only the net balance after all Obligations have been taken into account. The net amountbalance, if any, payable between us following such set-off, shall take into account the Liquidation Amount payable under the Netting Module of this AgreementClause.

Set-off on default. If there is an Event of Default or this Agreement terminates, we shall set-off set­off 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-offset­off, shall take into account the Liquidation Amount payable under the Netting Module provisions of this Agreementclause 11.

Set-off on default. If there is an Event of Default 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 Liquidation Amount payable under the Netting Module of this AgreementClause 11.

Set-off on default. If there is an Event of Default or this Agreement 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-set- off, shall take into account the Liquidation Amount payable under the Netting Module of this AgreementClause 12.

Set-off on default. If there is an Event of Default 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 us. The net amount, if any, payable between us following such set-off, shall take into account the Liquidation Amount payable under the Netting Module of this AgreementSection 13 (Netting).

Set-off on default. If there is an Event of Default 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 Liquidation Amount payable under the Netting Module Clause headed “Netting” of this Agreement.

Set-off on default. If there is an Event of Default 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 Liquidation Amount payable under the Netting Module of this AgreementClause 17 (Netting).

Set-off on default. If there is an Event of Default 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-set- off, shall take into account consider the Liquidation Amount payable under the Netting Module of this AgreementClause 17 (Netting).

Set-off on default. If there is an Event of Default or this Agreement terminates, we shall set-off -soeftf 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 folol wing such set-off, shall take into account the Liquidation Amount payable under the Netting Module of this Agreement.under

Set-off on default. If there is an Event of Default 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 Liquidation Amount payable under the Netting Module of this Agreement.payable

Set-off on default. If there is an Event of Default or this Agreement terminatesis terminated, we shall set-set- off the balance of the 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 Liquidation Amount payable under the Netting Module of this AgreementPart 14 (“Netting”).

Set-off on default. If there is an Event of Default 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 Liquidation Amount payable under the Netting Module of this AgreementClause 15 (Netting).

Set-off on default. If there is an Event of Default or this Agreement terminates, we shall set-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 Liquidation Amount payable under the Netting Module of this AgreementClause 15 (Netting).

Set-off on default. If there is an Event of Default or this Agreement terminates, we We shall set-off the balance of cash 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 take into account the net amount, if any, payable between us following such set-off, shall take into account the Liquidation Amount payable under the Netting Module of this Agreement.

Set-off on default. If there is an Event of Default or this Agreement terminates, we shall set-off the balance of cash margin 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 Liquidation Amount payable under the Netting Module of this Agreement.