Common use of Claim Against Property for Amounts Owing Clause in Contracts

Claim Against Property for Amounts Owing. You hereby acknowledge and agree that SM shall not be obliged to act upon direction or notice of the Customer in respect of any Precious Metals or the Account (including making available any Precious Metals to any person) until all the amounts due and owing to SM in connection with the services under this Agreement and any other amounts owing to SM have been paid in full.