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EFTA01356956

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214 23.5 DB may, at its discretion, charge Client interest at 1 percent above current three month LIBOR or EURIBOR on any amounts not settled by Client on the due date for payment. Unless otherwise agreed in advance, Client will not be entitled to receive interest from DB in respect of any 25.2 amounts held by or due from DB unless such sums are held in accordance with Client's instructions in an interest- bearing account with DB. 24. SET-OFF 24.1 All amounts of whatever nature, in whatever currency and wherever arising which are due from Client (or, where appropriate, from the relevant principal) 25.3 (including those due under clause 25 (Rights over Client Investments)) or to Client (or, where appropriate, to the relevant principal) in respect of business carried on through or with DRAG may be set-off and netted against each other by DRAG. 25.4 24.2 Client (or, where appropriate, its principal or principals) will not be entitled to exercise any right of set-off or counterclaim against amounts due to DB or any DB Entity. (a) 25. RIGHTS OVER CLIENT INVESTMENTS 25.1 As continuing security for the payment and discharge of all Liabilities, Client hereby: (i) charges, by way of first fixed charge in favour of DB, with MI title (b) guarantee and free from any adverse interest whatsoever, all Client 25.5 Investments held by DB; and (ii) pledges in favour of DB, with full title guarantee and free from any adverse interest whatsoever, all Client Investments held by DB (in each case, the "Security 25.6 Interest"). Where, pursuant to clause 7 (Capacity of Client), Client has notified DB that Client is acting as agent and DB has consented to deal with or for Client in such capacity, the Security Interest granted by Client on behalf of each principal shall act as security only for the payment and discharge of all Liabilities of such principal. The Security Interest shall remain in full force and effect by w

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