Client Securities Standing Authority Sample Clauses

Client Securities Standing Authority. 9.1 The Client Securities Standing Authority is in respect of the treatment of the Client's securities or securities collateral as set out below. The Client authorizes WLSL to: (1) apply any of the Client's securities or securities collateral pursuant to a securities borrowing and lending agreement; (2) deposit any of the Client's securities collateral with an authorized financial institution as collateral for financial accommodation provided to WLSL; (3) deposit any of the Client's securities collateral with HKSCC as collateral for the discharge and satisfaction of WLSL's settlement obligations and liabilities. The Client understands that HKSCC will have a first fixed charge over the Client's securities to the extent of WLSL's obligations and liabilities; (4) deposit any of the Client's securities collateral with any other recognized clearing house, or another intermediary licensed or registered for dealing in securities, as collateral for the discharge and satisfaction of WLSL's settlement obligations and liabilities; and (5) apply or deposit any of the Client's securities collateral in accordance with Clauses 9.1(1), 9.1(2), 9.1(3) and/or 9.1(4) above if WLSL provides financial accommodation to the Client in the course of dealing in securities and also provides financial accommodation to the Client in the course of any other regulated activity for which WLSL is licensed or registered. 9.2 The Client acknowledges and agrees that WLSL may do any of the things set out in Clauses 9.1 and 9.2 without giving the Client notice. 9.3 The Client also acknowledges that the Client Securities Standing Authority shall not affect WLSL's right to dispose or initiate a disposal by WLSL's associated entity of the Client's securities or securities collateral in settlement of any liability owed by or on behalf of the Client to WLSL, the associated entity or a third person.
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Client Securities Standing Authority. I/We hereby authorize you and any of your associated entities (as defined in Part 1 of Schedule 1 to the Securities and Futures Ordinance) to: (a) apply any of my/our securities in the Securities Account or securities collateral in the Margin Securities Account pursuant to a securities borrowing and lending agreement; (b) deposit any of my/our securities collateral in the Margin Securities Account with an authorized institution as collateral for financial accommodation provided to you; (c) deposit any of my/our securities collateral in the Margin Securities Account with a recognized clearing house or another intermediary licensed or registered for dealing in securities as collateral for the discharge and satisfaction of your settlement obligations and liabilities. The term of my/our consent contained in this Clause 6.6 shall be for a period of twelve months from the date on which I/we agree to be bound by these Additional Terms, and may be renewed or shall be deemed to be renewed upon its expiry date for a further period of twelve months in such manner as may be required by applicable laws, regulations and codes of conduct from time to time. I/We may withdraw my/our such consent by giving not less than seven (7) days' prior written notice to you but in such a case, you may terminate the Credit Facilities granted to me/us.
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Client Securities Standing Authority. 6.1 By entering into this Margin Client Agreement, you hereby agree to provide your Client Securities Standing Authority set out under Clause 6.2 in respect of the Client’s Securities and Collateral, subject to your right to revoke such Client Securities Standing Authority at any time in accordance with Clause 6.7. You understand and acknowledge the risks to you associated with giving the Client Securities Standing Authority. If you do not agree to provide such Client Securities Standing Authority at the time of entering into this Margin Client Agreement, you shall submit a written notice to us together with your completed Account Application Form which indicates clearly that you do not agree to give such Client Securities Standing Authority to us. 6.2 You hereby authorise us to: (i) apply any of your Securities or Collateral pursuant to a securities borrowing and lending agreement between us and a third party, subject to compliance with the Client Securities Rules and/or other applicable regulatory rules; (ii) subject to the Client Securities Rules regarding repledging limits, deposit any of your Collateral with an authorised financial institution as Collateral for financial accommodation provided to us; (iii) deposit any of your Collateral with HKSCC as collateral for the discharge and satisfaction of our settlement obligations and liabilities. You understand that HKSCC will have a fixed charge over your securities to the extent of our obligation and liabilities; (iv) deposit any of your Collateral with any other recognised clearing house, or another intermediary licensed or registered for dealing in securities, as collateral for the discharge and satisfaction of our settlement obligations and liabilities; and (v) apply or deposit any of your Collateral in accordance with Clauses 6.2(i), 6.2(ii), 6.2(iii) and/or 6.2(iv) above if we provide financial accommodation to you in the course of dealing in securities and also provides financial accommodation to you in the course of any other regulated activity for which we are licensed or registered. 6.3 You acknowledge and agree that we may do any of the things set out in this Clause 6 without giving you further notice. 6.4 You also acknowledge that: (i) You have been informed of the repledging practice of us and you have provided us with a standing authority to repledge your Securities or Collateral; (ii) the Client Securities Standing Authority is given without prejudice to other authorities or rights which we...
Sample 1
Client Securities Standing Authority. 客戶證券常設授權 3.1. Unless otherwise specified, all the expressions used in this Clause have the meaning ascribed to them in the SFO and the Client Securities Rules as amended from time to time. 除文義另有訂明外，本條所用的詞具有《證券及期貨條例》及《證券及期貨（客戶證券）規則》不時修訂所賦予的意義。 3.2. The Client authorizes the Company to, in the Company’s sole discretion and without having to give prior notice to or obtain the prior confirmation and/or direction of the Client: 客戶授權本公司在無須事先給予客戶任何通知或取得客戶的確認及╱或指示的情況下可酌情： (a) apply any of the Client’s Securities pursuant to a securities borrowing and lending agreement; 根據一份證券借貸協議運用客戶之任何證券； (b) deposit any of the Client’s Securities Collateral with HKSCC or an authorized financial institution, as collateral for financial accommodation provided to the Company and/or for the discharge and satisfaction of the Company’s settlement obligations and liabilities and the Client understands and agrees that HKSCC or the authorized financial institution will have a first fixed charge over the Client’s Securities Collateral to the extent of the Company’s obligations and liabilities; 將客戶之任何證券抵押品存入香港結算或認可財務機構，作為向本公司提供財務通融及╱或履行及清償本公司之交收責任及法律責任的抵押品並且客戶明白及同意香港結算或該認可財務機構對客戶之證券抵押品將有第一固定押記權但僅以本公司之責任及法律責任為限； (c) deposit any of the Client’s Securities Collateral with a Clearing House, or another intermediary licensed or registered for dealing in Securities, as collateral for the discharge and satisfaction of the Company’s settlement obligations and liabilities;將客戶之任何證券抵押品存入結算所，或另一獲發牌或註冊以進行證券交易的中介人，作為履行及清償本公司之交收責任及法律責任的抵押品； (d) upon such terms as may be agreed by the Company but subject to applicable laws and regulations, deposit or transfer the Client’s Securities and/or Securities Collateral with, to or interchangeably between any custodian and/or Clearing House, whether in Hong Kong or elsewhere; 按本公司同意之條款但受制於適用的法律及法規，將客戶之證券及╱或證券抵押 品存入在香港或其他地方的任何一個或多個保管人及╱或結算所或於它們間互相轉移； (e) upon such terms as may be agreed by the Company but subject to applicable laws and regulations, register or reregister any of the Client’s Securities or Securities Collateral in the name of the Company or any nominee appointed or agreed by the Company (whether in Hong Kong or elsewhere) or cancel any such registration; and 按本公司同意之條款但受制於適用的法律及法規，以本公司或本公司指定或同意的任何代名人（不論在香港或其他地方）之名註冊或重新註冊客戶 之證券或證券抵押品或註銷任何該等註冊；及 (f) apply, deposit or otherwise deal with any of the Client’s Securities Collateral in accordance with (a) to (e) of this Clause if the Company provides financial accommodation to the Client in the course of deal...
Sample 1

Related to Client Securities Standing Authority

  • Investment Securities and Commodities (i) Each of the Company and its Subsidiaries has good title in all material respects to all securities and commodities owned by it (except those sold under repurchase agreements) which are material to the Company and its Subsidiaries on a consolidated basis, free and clear of any Liens, except for such failures to have good title as are set forth in the financial statements included in the Company Reports as of the entry into this Agreement or to the extent such securities or commodities are pledged in the ordinary course of business to secure obligations of the Company or its Subsidiaries. Such securities and commodities are valued on the books of the Company in accordance with GAAP in all material respects. (ii) The Company and its Subsidiaries and their respective businesses employ investment, securities, commodities, risk management and other policies, practices and procedures that the Company believes are prudent and reasonable in the context of such businesses, and the Company and its Subsidiaries have, since January 1, 2023, been in compliance with such policies, practices and procedures in all material respects.

  • Recent Securities Transactions Subsequent to the respective dates as of which information is given in the Registration Statement, the Sale Preliminary Prospectus and the Prospectus, and except as may otherwise be indicated or contemplated herein or therein, the Company has not (i) issued any securities or incurred any liability or obligation, direct or contingent, for borrowed money; or (ii) declared or paid any dividend or made any other distribution on or in respect to its share capital.

  • Government Securities 16 Guarantee................................................... 16 Guarantor................................................... 17 Holder...................................................... 17 Incur....................................................... 17

  • Investment Securities Each of the Company and its subsidiaries has good and marketable title to all securities held by it (except securities sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option, encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or any of its subsidiaries and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests or other restrictions of any kind that would not be material to the Company and its subsidiaries. Such securities are valued on the books of the Company and its subsidiaries in accordance with GAAP.

  • Domestic Subcustodians and Securities Depositories The Custodian may deposit and/or maintain, either directly or through one or more agents appointed by the Custodian, Investments of the Fund in any Securities Depository in the United States, including The Depository Trust Company, provided such Depository meets applicable requirements of the Federal Reserve Bank or of the Securities and Exchange Commission. The Custodian may, at any time and from time to time, appoint any bank as defined in Section 2(a)(5) of the 1940 Act meeting the requirements of a custodian under Section 17(f) of the 1940 Act and the rules and regulations thereunder, to act on behalf of the Fund as a Subcustodian for purposes of holding Investments of the Fund in the United States.

  • Replacement Securities If (a) any mutilated Security is surrendered to the Trustee, or (b) the Company and the Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Security, and there is delivered to the Company and the Trustee such security or indemnity as may be required by them to save each of them harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute and upon its written request the Trustee shall authenticate and deliver, in exchange for any such mutilated Security or in lieu of any such destroyed, lost or stolen Security, a new Security of like tenor and principal amount, bearing a certificate number not contemporaneously outstanding. In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, or is about to be purchased by the Company pursuant to Article 3 hereof, the Company in its discretion may, instead of issuing a new Security, pay or purchase such Security, as the case may be. Upon the issuance of any new Securities under this Section 2.7, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. Every new Security issued pursuant to this Section 2.7 in lieu of any mutilated, destroyed, lost or stolen Security shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all benefits of this Indenture equally and proportionately with any and all other Securities duly issued hereunder. The provisions of this Section 2.7 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities.

  • Placement Securities The Placement Securities have been duly authorized and reserved for issuance and when issued and paid for, will be validly issued, fully paid and non-assessable; the Placement Securities are not and will not be subject to the preemptive rights of any holders of any security of the Company or similar contractual rights granted by the Company; and all corporate actions required to be taken for the authorization, issuance and sale of the Placement Securities have been duly and validly taken. When issued, the Placement Warrants will constitute valid and binding obligations of the Company to issue and sell, upon exercise thereof and payment of the exercise price therefor, the number and type of securities of the Company called for thereby in accordance with the terms thereof, and such Placement Warrants are enforceable against the Company in accordance with their respective terms, except: (i) as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors’ rights generally; (ii) as enforceability of any indemnification or contribution provision may be limited under federal and state securities laws; and (iii) that the remedy of specific performance and injunctive and other forms of equitable relief may be subject to the equitable defenses and to the discretion of the court before which any proceeding therefor may be brought. The shares of Common Stock underlying the Placement Warrants have been reserved for issuance upon the exercise of the Placement Warrants and, when issued in accordance with the terms of the Placement Warrants, will be duly and validly authorized, validly issued, fully paid and non-assessable, and the holders thereof are not and will not be subject to personal liability by reason of being such holders.

  • Foreign Subcustodians and Securities Depositories Unless instructed otherwise by the Fund, the Custodian may deposit and/or maintain non-U.S. Investments of the Fund in any non-U.S. Securities Depository provided such Securities Depository meets the requirements of an "eligible securities depository" under Rule 17f-7 promulgated under the 1940 Act, or any successor rule or regulation ("Rule 17f-7") or which by order of the Securities and Exchange Commission is exempted therefrom. Prior to the time that securities are placed with such depository, but subject to the provisions of Section 8.5 below, the Custodian shall have prepared an assessment of the custody risks associated with maintaining assets with the Securities Depository and shall have established a system to monitor such risks on a continuing basis in accordance with Section 8.5. Additionally, the Custodian may, from time to time, appoint (a) any bank, trust company or other entity meeting the requirements of an “eligible foreign custodian” under Rule 17f-5 or which by order of the Securities and Exchange Commission is exempted therefrom, or (b) any bank as defined in Section 2(a)(5) of the 1940 Act meeting the requirements of a custodian under Section 17(f) of the 1940 Act and the rules and regulations thereunder, to act on behalf of the Fund as a Subcustodian for purposes of holding Investments of the Fund outside the United States.

  • Recent Securities Transactions, etc Subsequent to the respective dates as of which information is given in the Registration Statement, the Pricing Disclosure Package and the Prospectus, and except as may otherwise be indicated or contemplated herein or disclosed in the Registration Statement, the Pricing Disclosure Package and the Prospectus, the Company has not: (i) issued any securities or incurred any liability or obligation, direct or contingent, for borrowed money; or (ii) declared or paid any dividend or made any other distribution on or in respect to its capital stock.

  • Subcustodians and Securities Depositories Subject to the provisions hereinafter set forth in this Section 8, the Fund hereby authorizes the Custodian to utilize Securities Depositories to act on behalf of the Fund and to appoint from time to time and to utilize Subcustodians. With respect to securities and funds held by a Subcustodian, either directly or indirectly (including by a Securities Depository or Clearing Corporation), notwithstanding any provisions of this Agreement to the contrary, payment for securities purchased and delivery of securities sold may be made prior to receipt of securities or payment, respectively, and securities or payment may be received in a form, in accordance with (a) governmental regulations, (b) rules of Securities Depositories and clearing agencies, (c) generally accepted trade practice in the applicable local market, (d) the terms and characteristics of the particular Investment, or (e) the terms of Instructions.