Lien and Set Off. (1) Lien over your Securities and other property To secure full discharge and payment of all your liability, indebtedness and obligations under this Agreement, a lien is hereby imposed over all your Securities and other property now or hereafter held, carried or maintained by us in our or the Agents' possession and control for any purpose. (2) Appropriation at our Discretion When we enforce our lien due to any liability, indebtedness and obligations you owe to us, we shall at our sole discretion determine which Securities and properties are to be sold and which contracts are to be closed, and to apply the proceeds of sale after deduction of expenses incurred hereof to settle such liability, indebtedness and obligations. (3) Set-off To satisfy any liability, indebtedness and obligations owed by you to us, we may at any time combine or consolidate any credit balances in any Account and set off, debit, withhold and/or transfer any sum therein without notice to you.
Appears in 4 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
