49P. Where, in relation to any NAMA bank asset, a person is indebted to the Agency or a subsidiary of the Agency, as the case may be, the amount of any compensation payable by the Agency or the subsidiary of the Agency or any other payment due by the Agency or the subsidiary of the Agency to that person under this Part may, without prejudice to any other right of set-off arising as a matter of law, be applied towards satisfaction of the debt due to the Agency or the subsidiary of the Agency.]