Common use of Lien And Power Of Sale Clause in Contracts

Lien And Power Of Sale. 3.1 Without prejudice and in addition to any powers, authorities, rights, remedies, general lien, right of set off or similar right to which Galaxy International Futures may be entitled by law or otherwise, any funds, Securities, Commodities, Futures Contracts, options contract, or other properties held by Galaxy International Futures for any purpose for the Client or carried by Galaxy International Futures in the Client’s Account (either solely or jointly with others) or which may be in the possession or control of Galaxy International Futures, or in the possession or control of any member of the China Galaxy International in Hong Kong or in other parts of the world, at any time and for any purpose, including but not limited to safe-keeping, for the Client and/or in the Client’s name (hereinafter collectively called “Client’s Property”) shall be subject to a general lien in favour of Galaxy International Futures and are to be held by Galaxy International Futures as security for the payment of any liability of the Client to Galaxy International Futures. Galaxy International Futures shall also have the right to exercise any or all of the powers more particularly set out in clauses 3.5 and 3.6 of this Part E hereof in respect of the Client’s Property regardless of whether any other person is interested in the Client’s Property or Galaxy International Futures has made advances in connection with the Client’s Property and irrespective of the number of the Client’s Account.

Lien And Power Of Sale. 3.1 Without prejudice and in addition to any powers, authorities, rights, remedies, general lien, right of set off or similar right to which Galaxy International Futures may be entitled by law or otherwise, any funds, Securities, Commodities, Futures Contracts, options contract, or other properties held by Galaxy International Futures for any purpose for the Client or carried by Galaxy International Futures in the Client’s Account (either solely or jointly with others) or which may be in the possession or control of Galaxy International Futures, or in the possession or control of any member of the China Galaxy International in Hong Kong or in other parts of the world, at any time and for any purpose, including but not limited to safe-keeping, for the Client and/or in the Client’s name (hereinafter collectively called “Client’s Property”) shall be subject to a general lien in favour of Galaxy International Futures and are to be held by Galaxy International Futures as security for the payment of any liability of the Client to Galaxy International Futures. Galaxy International Futures shall also have the right to exercise any or all of the powers more particularly set out in clauses 3.5 and 3.6 of this Part E hereof in respect of the Client’s Property regardless of whether any other person is interested in the Client’s Property or Galaxy International Futures has made advances in connection with the Client’s Property and irrespective of the number of the Client’s Account.and

Lien And Power Of Sale. 3.1 Without prejudice and in addition to any powers, authorities, rights, remedies, general lien, right of set off or similar right to which Galaxy International Futures may be entitled by law or otherwise, any funds, Securities, Commodities, Futures Contracts, options contract, or other properties held by Galaxy International Futures for any purpose for the Client or carried by Galaxy International Futures in the Client’s Account (either solely or jointly with others) or which may be in the possession or control of Galaxy International Futures, or in the possession or control of any member of the China Galaxy International Group in Hong Kong or in other parts of the world, at any time and for any purpose, including but not limited to safe-keeping, for the Client and/or in the Client’s name (hereinafter collectively called “Client’s Property”) shall be subject to a general lien in favour of Galaxy International Futures and are to be held by Galaxy International Futures as security for the payment of any liability of the Client to Galaxy International Futures. Galaxy International Futures shall also have the right to exercise any or all of the powers more particularly set out in clauses 3.5 and 3.6 of this Part E hereof in respect of the Client’s Property regardless of whether any other person is interested in the Client’s Property or Galaxy International Futures has made advances in connection with the Client’s Property and irrespective of the number of the Client’s Account.