LIEN AND RIGHT OF SET-OFF. 12.1 The Manager shall be entitled to refuse to deliver any of the property assets, including any kind of Financial Instruments or funds which come, by any means, into the possession of the Manager for account of the Client to the Client or to any other person to the order of the Client until the Client carries out his obligations towards the Manager pursuant to this Agreement and any other agreement the Client has entered into with the Manager. All other separate transactions between the Client and the Manager shall be deemed to be governed by these terms and all shall be subject to the Manager’s rights of lien or set off.
LIEN AND RIGHT OF SET-OFF. Borrower grants to CNB a continuing lien for all Obligations of Borrower to CNB upon any and all moneys, securities and other property of Borrower and the proceeds thereof, now or hereafter held or received by or in transit to CNB from or for Borrower, whether for safekeeping, custody, pledge, transmission, collection or otherwise, and also upon any and all deposits (general or special) and credits of Borrower with, and any and all claims of Borrower against, CNB at any time existing. Upon the occurrence of any Event of Default, CNB is hereby authorized at any time and from time to time, without notice to Borrower or any other Person to setoff, appropriate and apply any or all items hereinabove referred to against all Obligations of Borrower whether under this Agreement or otherwise, and whether now existing or hereafter arising.
LIEN AND RIGHT OF SET-OFF. Any Custody Property which are now or may at any time hereafter be in the Bank’s possession or control or held by the Bank or the Nominee as custodian for the Customer or to the Customer’s order or deposited or lodged with the Bank or any other branch office of the Royal Bank of Canada wherever situated in the world or the Bank’s agents or representatives or correspondents or transferred to the Bank or the Nominees by the Customer or by others in the Customer’s name or for the Customer’s account for the purposes of the safe custody Services hereunder, shall be subject to the Bank’s rights of retention, charge, lien and set-off, and right of sale as set out in Clause 17 of Part I of these General Terms, and may also be subject to other similar rights or security interests of the Bank under any other Agreement between the Bank and the Customer or granted by the Customer or Security Provider in favour of the Bank. The Customer agrees and acknowledges that any Nominee, and any other nominee, sub-custodian or agent of the Bank or the Nominee, may also claim a lien or security interest over any property of the Customer held by it. The lien shall constitute a continuing security for the due payment and satisfaction and discharge all of the Customer’s Indebtedness to the Bank whensoever incurred. Any Custody Property held by the Bank as custodian shall be subject to the Bank’s rights of charge, lien and set-off as set out in any Agreement, and may also be subject to other similar rights or security interests of the Bank under other agreements between the Bank and the Customer. The Customer agrees and acknowledges that the Bank’s Nominee, and any other nominee, sub-custodian or agent of the Bank or the Nominee, may also claim a lien or security interest over any Custody Property held by it.
LIEN AND RIGHT OF SET-OFF. If an Event of Default shall have occurred and be continuing, CNB is hereby authorized at any time and from time to time, without notice to Borrower or any other Person, to the fullest extent permitted by law, to setoff and apply any and all deposits (general or specific, time or savings or demand, provisional or final) at any time held and any other Debt at any time owing by CNB to or for the credit or the account of Borrower against any and all of the Obligations of Borrower now or hereafter existing under the Agreement and the other Loan Documents, irrespective of whether or not CNB shall have made any demand under this Agreement or such other Loan Documents and although such obligations may be unmatured. The rights of CNB under this Section are in addition to other rights and remedies (including other rights of setoff) which CNB may have under applicable law.
LIEN AND RIGHT OF SET-OFF. Borrower hereby grants to Lender a lien and right of set-off for all Borrower’s liabilities arising under this Note upon and against Borrower’s deposits, credits and property now or hereafter in the possession or control of Lender. Upon the occurrence and during the continuance of an Event of Default (subject to any applicable notices and grace periods), Lender may, at any time and without notice apply all or any part of said deposits, credits and property to Borrower’s liabilities and obligations under this Note, even though Borrower’s liabilities and obligations hereunder be unmatured.
LIEN AND RIGHT OF SET-OFF. It is agreed that the Bank, at any time and without notice, will have a lien and right of set-off on all monies belonging to the Cardmember and / or Add-on Cardmember standing to their credit in any account whatsoever with the Bank or in the possession or custody of the Bank. If upon demand by the Bank, the balance outstanding on the Card Account is not repaid within the prescribed time, such credit balance in any account including fixed deposit accounts and any properties of the Cardmember and / or Add-on Cardmember in the possession or custody of the Bank whether for safe keeping or otherwise, including but not limited to dematerialised shares or other securities of the Cardmember and / or Add-on Cardmember, held by the Bank as a Depository Participant, may be adjusted towards dues under the Card Account. In case of any deficit, the deficit amount may be recovered by the Bank from the Cardmember and / or Add-on Cardmember. Page 58 CREDIT REFERENCING BUREAU CROSS DEFAULT The Cardmember expressly accepts that if the Cardmember fails to pay any monies when due or which may be declared due prior to the date when it would otherwise have become due or commits any other default under any agreement (including this agreement) with HDFC Bank under which the Cardmember is enjoying any financial / credit / other facility, then in such event HDFC Bank shall, without prejudice to any of its specific rights under each of the agreements, be absolutely entitled to exercise all or any of its rights under any of the Cardmember’s agreements (including this agreement) with HDFC Bank, at the sole discretion of HDFC Bank. The Bank will preserve secrecy of details of transactions to the extent required by law. The Cardmember agrees, acknowledges and authorises that information on usage of credit facilities by customer(s) is / are exchanged across Banks, credit bureaus and financial institutions. An application for a Credit Card is subject to receipt of no adverse reports of Xxxxxxxxxx’s creditworthiness from a bureau and / or any Bank / Financial Institution, where the Cardmember or his / her associates / family members avail of / have availed of a credit facility. Similarly, the Bank reserves at its sole discretion with no liability and with no reference to the Cardmember, the right to cancel his / her Credit Card at any point during the period of validity of his / her Credit Card, on receipt of adverse information regarding the creditworthiness of the Cardmember (or his / her...
LIEN AND RIGHT OF SET-OFF. CSXI shall have a general lien on any and all units and property now or subsequently delivered to CSXI’s or its carriers’ possession by CSXL for all charges incurred in connection with that shipment, including but not limited to transportation, storage, preservation of the shipment, interest, insurance, labor, expenses related to the sale of the shipment where CSXL has defaulted on its obligations hereunder, all court costs and reasonable attorney fees in collecting such charges, enforcing such lien or defending itself if it is made party to any litigation concerning the shipment while in its possession, and charges related to the performance of other services. CSXI may bring an action for delinquent charges without first foreclosing its lien or applying the proceeds to the payment of the charges.
LIEN AND RIGHT OF SET-OFF. Subject to Section 7.1, Borrower grants to CNB a continuing lien for all Obligations of Borrower to CNB, arising under the Guidance Line Facility, upon any and all moneys, securities and other property of Borrower and the proceeds thereof, now or hereafter held or received by or in transit to CNB from or for Borrower, whether for safekeeping, custody, pledge, transmission, collection or otherwise, and also upon any and all deposits (general or special) and credits of Borrower with, and any and all claims of Borrower against, CNB at any time existing. Upon the occurrence of any Event of Default, CNB is hereby authorized at any time and from time to time, without notice to Borrower or any other Person to setoff, appropriate and apply any or all items hereinabove referred to against all Obligations of Borrower, arising under the Guidance Line Facility, and whether now existing or hereafter arising.
LIEN AND RIGHT OF SET-OFF. Borrower grants to CNB a continuing lien for all Obligations of Borrower to CNB upon any and all moneys, securities and other property of Borrower and the proceeds thereof, now or hereafter held or received by or in transit to CNB from or for Borrower, whether for safekeeping, custody, pledge, transmission, collection or otherwise, and also upon any and all deposits (general or special) and credits of Borrower with, and any and all claims of Borrower against, CNB at any time existing. Upon the occurrence of any Event of Default, CNB is hereby authorized at any time and from time to time, without notice to Borrower or any other Person to setoff, appropriate and apply any or all items hereinabove referred to against all Obligations of Borrower whether under this Agreement or otherwise, and whether now existing or hereafter arising. City National Bank CREDIT AGREEMENT
LIEN AND RIGHT OF SET-OFF. All funds, securities, currencies, and other property of Client which Bigboss or its affiliates may at any time be carrying for the Client (either individually, jointly with other, or as a guarantor of the Account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by Bigboss as security and subject to a general lien and right of set-off for liabilities of Client to Bigboss whether or not Bigboss has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of Account the Client may have with Bigboss. Bigboss may in its discretion, at any time and from time to time, without notice to Client, apply and/or transfer any or all funds or other property of Client between any of the Account. Bigboss shall at no time be required to deliver to the Client the identical property delivered to or purchased by Bigboss for any Account of the Client.
