Lien, Set-off and Combination of Accounts Sample Clauses

Lien, Set-off and Combination of Accounts. 11.1 All Securities held for the Account shall be subject to a lien by way of first fixed charge in GNS's favour for the performance of the Client's obligations to GNS arising in respect of dealing in Securities for the Client. In addition, GNS shall have a lien by way of first fixed charge over any and all Securities, acquired on the Client’s behalf, or in which the Client has an interest (either individually or jointly with others) which are held for the Accounts and all cash and other property at any time held by GNS on the Client’s behalf, all of which shall be held by GNS as a continuing security for the payment and/or discharge of the Client’s obligations to GNS arising from the business of dealing in Securities and all stocks, shares (and the dividends or interest thereon) rights, monies or property accruing or offered at any time by way of redemption, bonus, preference, option or otherwise to or in respect of such Securities. Upon default by the Client in payment on demand or on the due date therefor of any of the Client’s indebtedness to GNS or any default by the Client hereunder, GNS shall have the right, acting in good faith, to sell or otherwise dispose the whole or any part of such security as when and how and at such price and on such terms as GNS shall think fit and to apply the net proceeds of such sale or disposition and any moneys for the time being in GNS’s hands in or towards discharge of the Client’s indebtedness to GNS and any of its Group’s Companies.
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Lien, Set-off and Combination of Accounts. 11.1 All Securities held for my/our Account and all receivables, monies and other property held by or in possession of the Company for me/us shall be subject to a general lien in the Company’s favour as a continuing security, for the discharge of my/our obligations to the Company arising in respect of dealing in Securities for me/us.
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Lien, Set-off and Combination of Accounts. 11.1 All Securities held for the Account shall be subject to a lien by way of first fixed charge in PC Securities Limited's favour for the performance of the Client's obligations to PC Securities Limited arising in respect of dealing in Securities for the Client. In addition, PC Securities Limited shall have a lien by way of first fixed charge over any and all Securities, acquired on the Client’s behalf, or in which the Client has an interest (either individually or jointly with others) which are held for the Accounts and all cash and other property at any time held by PC Securities Limited on the Client’s behalf, all of which shall be held by PC Securities Limited as a continuing security for the payment and/or discharge of the Client’s obligations to PC Securities Limited arising from the business of dealing in Securities and all stocks, shares (and the dividends or interest thereon) rights, monies or property accruing or offered at any time by way of redemption, bonus, preference, option or otherwise to or in respect of such Securities. Upon default by the Client in payment on demand or on the due date therefor of any of the Client’s indebtedness to PC Securities Limited or any default by the Client hereunder, PC Securities Limited shall have the right, acting in good faith, to sell or otherwise dispose of the whole or any part of such security as when and how and at such price and on such terms as PC Securities Limited shall think fit and to apply the net proceeds of such sale or disposition and any monies for the time being in PC Securities Limited’s hands in or towards discharge of the Client’s indebtedness to PC Securities Limited.
Sample 1
Lien, Set-off and Combination of Accounts. 11.1. Subject to the provisions of the SFO and relevant rules made thereunder, TCSCL shall be entitled and authorized to, for itself, at any time or from time to time and without notice to you, notwithstanding any settlement of account or other matter whatsoever, combine or consolidate any or all of your Accounts and/or your Affiliates' accounts (of whatever nature and whether held individually or jointly with others) maintained with TCSCL and/or any account(s) opened in the name of TCSCL for and on your behalf and set-off or transfer any money, Securities or other property standing to the credit of any one or more of such accounts in or towards satisfaction of the indebtedness, obligations or liabilities of you and/ or any of your Affiliates towards TCSCL on any other accounts whether such indebtedness, obligations or liabilities be present or future, actual or contingent, primary or collateral, several or joint and secured or unsecured. Where such set-off, consolidation, combination or transfer requires the conversion of one currency into another, such conversion shall be calculated at the rate of exchange conclusively determined by TCSCL to be applicable.
Sample 1
Lien, Set-off and Combination of Accounts. 11.1 The Broker shall have a lien on all of the Client’s interest in any Securities or monies or other property which are now or hereafter held or carried by or for the Broker in any account for the Client (either individually or jointly with others) or which may be in the possession of the Broker at any time and for any purpose, including safe-keeping, or the proceeds of sales thereof (if sold) as security for payment of any debit and/or liability of the Client to the Broker.
Sample 1

Related to Lien, Set-off and Combination of Accounts

  • Settlement of Accounts (a) On or before each Determination Date, the Servicer shall deliver, (i) to the Owner Trustee, the Settlor, the Lender, the Administrative Agent and the Collateral Agent, a monthly report with respect to the Lending Facility Pool (the “Monthly Lending Facility Pool Report”) and (ii) except as otherwise provided in the related Servicing Supplement, to the each related Secured Party, a monthly report with respect to each Designated Pool (each, a “Monthly Exchange Note Report”), in each case, documenting, as applicable, (A) all advances to be made to, and distributions (including Servicer reimbursements) to be made from, the related Collection Account or (B) the manner in which the Servicer will apply all collections on the related Pool received by the Servicer on or prior to the next Payment Date.

  • Investment of Account Assets a. All contributions to the custodial account shall be invested in the shares of the Provident Trust Mutual Funds, Inc. or, if available, any other series of Provident Trust Mutual Funds, Inc. or other regulated investment companies for which Provident Trust Company serves as Investment Advisor or designates as being eligible for investment. Shares of stock of an Investment Company shall be referred to as “Investment Company Shares”. To the extent that two or more funds are available for investment, contributions shall be invested in accordance with the depositor’s investment election.

  • CUSTODIAL ACCOUNTS It is agreed that all accounts opened under the Uniform Gift to Minors Act (UGMA), the Uniform Transfers to Minors Act (UTMA), or similar state statutes will be properly created and that all property so transferred will be done in compliance with such applicable statutes. There will be good faith reliance upon the instructions given, representations made and actions taken by a transferor or custodian. Further, the custodian represents and warrants that the assets in the account belong to the minor and that all such assets, whether or not transferred out of the UGMA or UTMA account, will only be used for the benefit of the minor.

  • Accounts Excluded from Financial Accounts The following accounts are excluded from the definition of Financial Accounts and therefore shall not be treated as U.S. Reportable Accounts.

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