Common use of Disposal of Collateral Clause in Contracts

Disposal of Collateral. The Client agrees that in the event of any sale pursuant to the Agreement for Securities Trading Account or the terms in this Schedule, any Collateral will be sold or disposed of in the absolute discretion of EISHK and upon any sale by XXXXX, a declaration made by an officer of EISHK 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 EISHK or its nominees shall be concerned to inquire into the circumstances of the sale.

Disposal of Collateral. The Client agrees that in the event of any sale pursuant to the Agreement for Securities Trading Account or the terms in this Schedule, any Collateral will be sold or disposed of in the absolute discretion of EISHK and upon any sale by XXXXXEISHK, a declaration made by an officer of EISHK 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 EISHK or its nominees shall be concerned to inquire into the circumstances of the sale.