Common use of Lien and Set Off Clause in Contracts

Lien and Set Off. As further security for all of your obligations hereunder (but subject to the Rules) we shall have the right to retain (and apply as set out below) all of your property which we or any of our Associated Firms hold for any purpose, including, but not limited to, property held in any other of your accounts with us or any of our Associated Firms, whether or not we have made any advances in connection with such property. From time to time we may, without notice, transfer and re-transfer any money or other property between any such accounts. You shall execute such documents and take such other action as we shall reasonably request in order to perfect our rights with respect to any security referred to in this Clause 28.

Appears in 12 contracts

Samples: Customer Agreement, Customer Agreement (Dean Witter Spectrum Global Balanced Lp), Customer Agreement (Morgan Stanley Spectrum Select Lp)

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