Common use of Lien and Security Clause in Contracts

Lien and Security. All Property in your Account, in any other Account in which you have an interest whether alone or jointly with any other person (to the extent of your interest) or in the possession or under the control of SoFi HK will be subject to a general lien in favour of SoFi HK as continuing security for the payment and discharge of your indebtedness, liability or obligation to SoFi HK. As security for the payment and discharge of your indebtedness, liability or other obligation to SoFi HK, you also grant SoFi HK a continuing security interest and charge over all such Securities and other Property. Subject to the provisions of this Agreement and applicable laws, rules and regulations and notwithstanding Clause 19.2 (if applicable), SoFi HK may without giving you prior notice, sell or otherwise dispose of any such Property. SoFi HK may in its sole discretion determine which Property are to be sold or disposed of, at what price and on what terms. The net proceeds will be applied in payment and discharge of your indebtedness, liability or obligation to SoFi HK.