Common use of BECU Lien Clause in Contracts

BECU Lien. You agree BECU has a lien on all your shares, deposits, and dividends in all joint and individual accounts held by you, now and in the future, to the extent of your obligations to BECU. You agree that BECU’s lien is independent of any security agreement and BECU may enforce its lien in any manner, at any time allowed by applicable law. You agree that you own any shares pledged and that there are no liens against them other than ours. BECU may, at its sole option, allow you to withdraw a portion of your shares or deposits without affecting its security interest.

Appears in 5 contracts

Samples: Becu Credit and Security Agreement, Becu Credit and Security Agreement, Becu Credit and Security Agreement

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