Common use of Disposal of Collateral Clause in Contracts

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

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