Common use of Disposal of Collateral Clause in Contracts

Disposal of Collateral. The Customer agrees that in the event of any sale pursuant to the Securities Client Agreement or the Margin Facility Terms, any Collateral will be sold or disposed of in the absolute discretion of the Company and upon any sale by the Company, a declaration made by an officer of the Company that the power of sale has become exercisable shall be conclusive evidence of the fact in favor of any purchaser or other person deriving title to any of the Collateral under the sale and no person dealing with the Company or its nominees shall be concerned to inquire into the circumstances of the sale.

Disposal of Collateral. 6.1 The Customer Client agrees that in the event of any sale pursuant to the Securities Client this Agreement or the Margin Facility Terms, any Collateral will be sold or disposed of in the absolute discretion of the Company and upon any sale by the Company, a declaration made by an officer of the Company that the power of sale has become exercisable shall be conclusive evidence of the fact in favor favour of any purchaser or other person deriving title to any of the Collateral under the sale and no person dealing with the Company or its nominees shall be concerned to inquire enquire into the circumstances of the sale.

Disposal of Collateral. 6.1 The Customer agrees that in the event of any sale pursuant to the Securities Client this Agreement or the Margin Facility Terms, any Collateral will be sold or disposed of in the absolute discretion of the Company CMSHK and upon any sale by the CompanyCMSHK, a declaration made by an officer of the Company CMSHK that the power of sale has become exercisable shall be conclusive evidence of the fact in favor favour of any purchaser or other person deriving title to any of the Collateral under the sale and no person dealing with the Company CMSHK or its nominees shall be concerned to inquire enquire into the circumstances of the sale.

Disposal of Collateral. The Customer Client agrees that in the event of any sale pursuant to the Securities Cash Client Agreement or the Margin Facility Terms, any Collateral will be sold or disposed of in the absolute discretion of the Company and upon any sale by the Company, a declaration made by an officer of the Company that the power of sale has become exercisable shall be conclusive evidence of the fact in favor of any purchaser or other person deriving title to any of the Collateral under the sale and no person dealing with the Company or its nominees shall be concerned to inquire into the circumstances of the sale.