Common use of Lien and Set Off Clause in Contracts

Lien and Set Off. (A) Lien. In addition to any other remedies available to the Custodian under applicable law, the Custodian shall have, and the Client hereby grants, a continuing general lien on all Securities until the satisfaction of liabilities arising under this Agreement of the Client to the Custodian in respect to any fees and expenses or credit exposures incurred in the performance of services under this Agreement.

Appears in 2 contracts

Samples: Custodial Services Agreement (Oppenheimer Tremont Market Neutral Fund LLC), Custodial Services Agreement (Ofi Tremont Core Diversified Hedge Fund)

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Lien and Set Off. (A) Lien. In addition to any other remedies available to the Custodian under applicable law, the Custodian shall have, and the Client hereby grantsgrants on behalf of each Fund, a continuing general lien on all Securities until the satisfaction of liabilities arising under this Agreement of the Client or the Fund to the Custodian in respect to any fees and expenses or credit exposures incurred in the performance of services under this Agreement.

Appears in 1 contract

Samples: Global Custodial Services Agreement (Forum Funds)

Lien and Set Off. (A) Lien. In addition to any other remedies available to the Custodian under applicable law, the Custodian shall have, and the Client hereby grantsgrants with respect to itself and severally, but not jointly, each Fund,, a continuing general lien on all Securities until the satisfaction of liabilities arising under this Agreement of the Client or any such Fund to the Custodian in respect to any fees and expenses or credit exposures incurred in the performance of services under this Agreement.

Appears in 1 contract

Samples: Global Custodial Services Agreement (Context Capital Funds)

Lien and Set Off. (A) LienLIEN. In addition to any other remedies available to the Custodian under applicable law, the Custodian shall have, and the Client hereby grantsgrants on behalf of each Fund, a continuing general lien on all Securities until the satisfaction of liabilities arising under this Agreement of the Client or the Fund to the Custodian in respect to any fees and expenses or credit exposures incurred in the performance of services under this Agreement.

Appears in 1 contract

Samples: Global Custodial Services Agreement (Forum Funds)

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Lien and Set Off. (A) Lien. In addition to any other remedies rights available to the Custodian under applicable law, the Custodian shall have, and the Client hereby grants, grants a continuing general lien on all Securities until the satisfaction of liabilities arising under this Agreement of the Client to held by the Custodian in respect order to secure such Client’s obligation to pay any fees and expenses or credit exposures incurred in the performance of Custodian’s services under this AgreementAgreement to such Client.

Appears in 1 contract

Samples: Master Global Custodial Services Agreement (John Hancock Investment Trust)

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