Lien and Right of Sale over Securities and Other Property. USL shall have a lien over any and all Securities, acquired on the Client’s behalf, or in which the Client has an interest (either individually or jointly with other) which are held for the Client’s Account and all cash and other property at any time held by USL on the Client’s behalf, all of which shall be held by USL as a continuing security for the payment and/or discharge of the Client’s obligations to USL arising from the business of dealing in Securities and such security shall include all dividends or interest paid or payable after the date hereof on such Securities and all stocks, shares (and the dividends or interest thereon) rights, monies or property accruing or offered at any time by way of redemption, bonus, preference, option or otherwise to or in respect of such Securities. Upon default by the Client in payment on demand or on the due date therefor of any of the Client’s indebtedness to USL or any other default by the Client hereunder, USL shall have the right, acting in good faith, to sell or otherwise dispose the whole or any part of such security as when and how and at such price and on such terms as USL shall think fit and to apply the net proceeds of such sale or disposition and any moneys for the time being in USL’s hands in or towards discharge of the Client’s indebtedness (whether actual or contingent) to USL; and such security shall be in addition to and shall not prejudice or be prejudiced by any right of set-off or other security which USL may hold at any time for the Client’s indebtedness to USL or by any release modification or abstention from enforcement thereof or other dealing therewith.
Lien and Right of Sale over Securities and Other Property uSMART SG shall have a lien over any and all Securities, acquired on the Client’s behalf, or in which the Client has an interest (either individually or jointly with other) which are held for the Client’s Account and all cash and other property at any time held by uSMART SG on the Client’s behalf, all of which shall be held by uSMART SG as a continuing security for the payment and/or discharge of the Client’s obligations to uSMART SG arising from the business of dealing in Securities and such security shall include, in respect of such Securities:
Lien and Right of Sale over Securities and Other Property. GTJAS shall have a lien over any and all Securities, acquired on the Client’s behalf, or in which the Client has an interest (either individually or jointly with other) which are held for the Client’s Account and all cash and other property at any time held by GTJAS on the Client’s behalf, all of which shall be held by GTJAS as a continuing security, on trust for itself and any other member of the GTJA Group, for the payment and/or discharge of the Client’s obligations to GTJAS or any other member of GTJA Group under this Agreement or any agreement with any other member of GTJA Group and such security shall include all dividends or interest paid or payable after the date hereof on such Securities and all stocks, shares (and the dividends or interest thereon) rights, monies or property accruing or offered at any time by way of redemption, bonus, preference, option or otherwise to or in respect of such Securities. Upon default by the Client in payment on demand or on the due date therefor of any of the Client’s indebtedness to GTJAS or any other member of GTJA Group or any other default by the Client hereunder or any agreement with any other member of the GTJA Group, GTJAS shall have the right, acting in good faith, to sell or otherwise dispose the whole or any part of such security as when and how and at such price and on such terms as GTJAS shall think fit and to apply the net proceeds of such sale or disposition and any moneys for the time being in GTJAS’s hands in or towards discharge of the Client’s indebtedness (whether actual or contingent) to GTJAS or any other member of GTJA Group; and such security shall be in addition to and shall not prejudice or be prejudiced by any right of set-off or other security which GTJAS or any other member of GTJA Group may hold at any time for the Client’s indebtedness to GTJAS or any other member of GTJA Group or by any release modification or abstention from enforcement thereof or other dealing therewith.
