Disposal of Allotted Securities. Unless we receive notice from you to the contrary and payment of all amounts owing by you in connection with any Application (within such time as we may specify in their notification of allotment to the you (without prejudice to our right of repayment on demand or any other rights or remedies)), we are authorised but not obliged, without notice to or consent from you, to sell or otherwise dispose of any and all Allotted Securities in such manner and for such price, free from any restrictions and claims and without being responsible for any loss, as we think fit and apply the proceeds of such sale or disposal towards discharging any liabilities in such order of priority as we consider appropriate, including the costs incurred in connection with the sale or disposal of the Allotted Securities and all other costs incurred by us in connection with the Application and the Application Amount, and the remaining amount (if any) shall be paid to you. In the event of any deficit after applying the proceeds of sale or disposal of the Allotted Securities, then you shall make good and pay us on demand such deficit.
Appears in 5 contracts
Samples: Client Services Agreement, Client Services Agreement, Client Services Agreement
