Common use of Lien and Right of Sale over Securities and Other Property Clause in Contracts

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. USL 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 USL GTJAS on the Client’s behalf, all of which shall be held by USL GTJAS as a continuing security for the payment and/or discharge of the Client’s obligations to USL GTJAS 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 GTJAS or any other default by the Client hereunder, USL 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 USL GTJAS shall think fit and to apply the net proceeds of such sale or disposition and any moneys for the time being in USLGTJAS’s hands in or towards discharge of the Client’s indebtedness (whether actual or contingent) to USLGTJAS; 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 GTJAS may hold at any time for the Client’s indebtedness to USL GTJAS or by any release modification or abstention from enforcement thereof or other dealing therewith.

Lien and Right of Sale over Securities and Other Property. USL NECHK shall have a lien over any and all Securitiessecurities, 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 NECHK on the Client’s behalf, all of which shall be held by USL NECHK as a continuing security for the payment and/or discharge of the Client’s obligations to USL NECHK arising from the business of dealing in Securities securities and such security shall include all dividends or interest paid or payable after the date hereof on such Securities 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 NECHK or any other default by the Client hereunder, USL NECHK 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 NECHK shall think fit and to apply the net proceeds of such sale or disposition and any moneys for the time being in USLNECHK’s hands in or towards discharge of the Client’s indebtedness (whether actual or contingent) to USLNECHK; 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 NECHK may hold at any time for the Client’s indebtedness to USL NECHK or by any release modification or abstention from enforcement thereof or other dealing therewith.

Lien and Right of Sale over Securities and Other Property. USL USPL 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 USPL on the Client’s behalf, all of which shall be held by USL USPL as a continuing security for the payment and/or discharge of the Client’s obligations to USL USPL 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 USPL or any other default by the Client hereunder, USL USPL 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 USPL shall think fit and to apply the net proceeds of such sale or disposition and any moneys for the time being in USLUSPL’s hands in or towards discharge of the Client’s indebtedness (whether actual or contingent) to USLUSPL; 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 USPL may hold at any time for the Client’s indebtedness to USL USPL or by any release modification or abstention from enforcement thereof or other dealing therewith.

Lien and Right of Sale over Securities and Other Property. USL ZHANLIN shall have a lien over any and all Securities, acquired on the Client’s ’ s behalf, or in which the Client has have an interest (( either individually or jointly with other) which are held for the Client’s ’ s Account and all cash and other property at any time held by USL XXXXXXX on the Client’s ’ s behalf, all of which shall be held by USL XXXXXXX as a continuing security for the payment and/or and/ or discharge of the Client’s ’ s obligations to USL ZHANLIN 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 therefore of any of the Client’s ’ s indebtedness to USL ZHANLIN or any other default by the Client hereunder, USL XXXXXXX shall have the right, acting in good faith, to sell or otherwise dispose of the whole or any part of such security as when and how and at such price and on such terms as USL ZHANLIN shall think fit and to apply the net proceeds of such sale or disposition and any moneys for the time being in USL’s ZHANLIN ’ s hands in or towards discharge of the Client’s ’ s indebtedness (whether actual or contingent) to USLZHANLIN ; and such security shall be in addition to and shall not prejudice or be prejudiced by any right of set-set- off or other security which USL ZHANLIN may hold at any time for the Client’s ’ s indebtedness to USL ZHANLIN or by any release modification or abstention from enforcement thereof or other dealing therewith.