Lien and Set Off. (a) The Dealer shall be entitled to exercise a right of lien on all monies, deposits and securities belonging to the Customer pending the settlement of all amounts which are due and owing from the Customer to the Dealer. (b) The Dealer shall also be entitled to exercise a right of set-off and appropriate any sum standing to the credit of the Customer in any account towards the satisfaction of the amounts due from the Customer to the Dealer.
Appears in 7 contracts
Samples: Customer Agreement of Government Securities, Customer Agreement of Government Securities (Cags), Customer Agreement of Government Securities
