PLEDGE AND USE OF COLLATERAL Sample Clauses

PLEDGE AND USE OF COLLATERAL. As continuing collateral security, for the payment of any indebtedness which is now or which may in the future be owing by the Client to the Brokers, the Client hereby pledges to the Brokers all of its securities and cash, including any free credit balances, which may now or hereafter be in any of his/her accounts with the Brokers (collectively, the “Collateral”), whether held in the Account or in any other account in which the Client has an interest and whether or not any amount owing relates to the Collateral pledged. So long as any indebtedness remains unpaid, the Client authorizes the Brokers, without notice, to use at any time and from time to time the Collateral in the conduct of the Brokers business, including the right to:
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PLEDGE AND USE OF COLLATERAL. As continuing collateral security for the payment of any indebtedness, which is now or which may in the future be owing by me to Xxxxxx Xxxxx, I hereby pledge to Xxxxxx Xxxxx all of my securities and cash, including any free credit balances, which may now or in the future be in any of my accounts with Xxxxxx Xxxxx (collectively, the “Collateral’’), whether held in my account or in any other account in which I have an interest and whether or not any amount owing is related to the Collateral pledged. If any indebtedness remains unpaid, I authorize Xxxxxx Xxxxx, without notice, to use at any time the Collateral in the conduct of Xxxxxx Xxxxx’ business, including the right to: (a) combine any of the Collateral with property of Xxxxxx Xxxxx or other clients or both; (b) pledge any of the Collateral which is held in Xxxxxx Xxxxx’ possession as security for its own indebtedness; (c) lend any of the Collateral to Xxxxxx Xxxxx for its own purposes; and/or (d) use any of the Collateral for making delivery against a sale, whether a short sale or otherwise and whether such sale is for my account or for the account of any other client of Xxxxxx Xxxxx.
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PLEDGE AND USE OF COLLATERAL. (HYPOTHEC IN QUEBEC) a) if it considers there to be inadequate security for the Client’s indebtedness and liabilities, or b) upon the happening of any event which in its opinion jeopardizes the Account. So long as any indebtedness or liabilities remains unpaid the Client authorizes the Brokers, without demand, call, tender or notice, to use at any time and from time to time the Collateral in the conduct of its business, including the right to: a) combine any of the Collateral with property of the Brokers or other clients or both; b) pledge any of the Collateral which is held in the Brokers’ possession as security for your own indebtedness; c) loan any of the Collateral to the Brokers for its own purposes; or d) use any of the Collateral for making delivery against a sale, whether a short sale or otherwise and whether such sale is for the Account or for the Account of any other client of the Brokers or for the Brokers’ accounts or for the sale to any account in which the Brokers may have a direct or indirect interest.
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PLEDGE AND USE OF COLLATERAL. As continuing collateral security, for the payment of any indebtedness which is now or which may in the future be owing by the Applicant/Annuitant to Worldsource, the Applicant/Annuitant hereby pledges to Worldsource all of its Investment Products and cash, including any free credit balances, which may or hereafter be in any other plan in which the Applicant/Annuitant has an interest and whether or not any amount owing relates to the Collateral pledged. So long as any indebtedness remains unpaid, the Applicant/Annuitant authorizes Worldsource without notice, to use at any time or from time to time the Collateral in the conduct of Worldsource business, including the right to; (a) Combine any of the Collateral with property of Worldsource; or (b) use any of the Collateral for making delivery against a sale.
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PLEDGE AND USE OF COLLATERAL. As continuing collateral security, for the payment of any indebtedness which is now or which may in the future be owing by you to Worldsource, you hereby pledge to Worldsource all of your Investment Products and cash, including any free credit balances, which may or hereafter be in any other account in which you have an interest and whether or not any amount owing relates to the Collateral pledged. So long as any indebtedness remains unpaid, you authorize Worldsource without notice, to use at any time or from time to time the Collateral in the conduct of Worldsource business, including the right to; (a) Combine any of the Collateral with property of Worldsource; or (b) use any of the Collateral for making delivery against a sale.
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Related to PLEDGE AND USE OF COLLATERAL

  • Use of Collateral Each of the parties granting a security interest hereunder may continue to use and deal with its interest in the Collateral in any lawful manner and may sell items of Collateral in the ordinary course of its business, subject only to the requirements of the Transfer Documents, the Servicing Agreement or any other Basic Document, as appropriate.

  • Possession and Use of Collateral Subject to the provisions of the Security Documents, the Issuer and the Guarantors shall have the right to remain in possession and retain exclusive control of and to exercise all rights with respect to the Collateral (other than monies or U.S. government obligations deposited pursuant to Article VIII, and other than as set forth in the Security Documents and this Indenture), to operate, manage, develop, lease, use, consume and enjoy the Collateral (other than monies and U.S. government obligations deposited pursuant to Article VIII and other than as set forth in the Security Documents and this Indenture), to alter or repair any Collateral so long as such alterations and repairs do not impair the creation or perfection of the Lien of the Security Documents thereon, and to collect, receive, use, invest and dispose of the reversions, remainders, interest, rents, lease payments, issues, profits, revenues, proceeds and other income thereof.

  • DESCRIPTION OF COLLATERAL Repayment of the Obligations is secured by the Collateral as described in the Loan Agreement (together with any other collateral security granted to Bank, the “Security Documents”). Hereinafter, the Security Documents, together with all other documents evidencing or securing the Obligations shall be referred to as the “Existing Loan Documents”.

  • Application of Proceeds of Collateral Except as provided in subsection 2.4B(iii)(a) with respect to prepayments from Net Asset Sale Proceeds, all proceeds received by Administrative Agent in respect of any sale of, collection from, or other realization upon all or any part of the Collateral under any Collateral Document may, in the discretion of Administrative Agent, be held by Administrative Agent as Collateral for, and/or (then or at any time thereafter) applied in full or in part by Administrative Agent against, the applicable Secured Obligations (as defined in such Collateral Document) in the following order of priority: (a) To the payment of all costs and expenses of such sale, collection or other realization, including reasonable compensation to Administrative Agent and its agents and counsel, and all other expenses, liabilities and advances made or incurred by Administrative Agent in connection therewith, and all amounts for which Administrative Agent is entitled to indemnification under such Collateral Document and all advances made by Administrative Agent thereunder for the account of the applicable Loan Party, and to the payment of all costs and expenses paid or incurred by Administrative Agent in connection with the exercise of any right or remedy under such Collateral Document, all in accordance with the terms of this Agreement and such Collateral Document; (b) thereafter, to the extent of any excess such proceeds, to the payment of all other such Secured Obligations for the ratable benefit of the holders thereof; and (c) thereafter, to the extent of any excess such proceeds, to the payment to or upon the order of such Loan Party or to whosoever may be lawfully entitled to receive the same or as a court of competent jurisdiction may direct.

  • Pledge of Collateral Borrower hereby pledges, assigns and grants to Collateral Agent, for the ratable benefit of the Lenders, a security interest in all the Shares, together with all proceeds and substitutions thereof, all cash, stock and other moneys and property paid thereon, all rights to subscribe for securities declared or granted in connection therewith, and all other cash and noncash proceeds of the foregoing, as security for the performance of the Obligations. On the Effective Date, or, to the extent not certificated as of the Effective Date, within ten (10) days of the certification of any Shares, the certificate or certificates for the Shares will be delivered to Collateral Agent, accompanied by an instrument of assignment duly executed in blank by Borrower. To the extent required by the terms and conditions governing the Shares, Borrower shall cause the books of each entity whose Shares are part of the Collateral and any transfer agent to reflect the pledge of the Shares. Upon the occurrence and during the continuance of an Event of Default hereunder, Collateral Agent may effect the transfer of any securities included in the Collateral (including but not limited to the Shares) into the name of Collateral Agent and cause new (as applicable) certificates representing such securities to be issued in the name of Collateral Agent or its transferee. Borrower will execute and deliver such documents, and take or cause to be taken such actions, as Collateral Agent may reasonably request to perfect or continue the perfection of Collateral Agent’s security interest in the Shares. Unless an Event of Default shall have occurred and be continuing, Borrower shall be entitled to exercise any voting rights with respect to the Shares and to give consents, waivers and ratifications in respect thereof, provided that no vote shall be cast or consent, waiver or ratification given or action taken which would be inconsistent with any of the terms of this Agreement or which would constitute or create any violation of any of such terms. All such rights to vote and give consents, waivers and ratifications shall terminate upon the occurrence and continuance of an Event of Default.

  • Assignment of Collateral There is no material collateral securing any Mortgage Loan that has not been assigned to the Purchaser.

  • Releases of Collateral (i) If any Collateral shall be sold, transferred or otherwise disposed of by any Obligor in a transaction permitted by the Credit Agreement, then the Administrative Agent, at the request and sole expense of such Obligor, shall promptly execute and deliver to such Obligor all releases and other documents, and take such other action, reasonably necessary for the release of the Liens created hereby or by any other Collateral Document on such Collateral. (ii) The Administrative Agent may release any of the Pledged Equity from this Agreement or may substitute any of the Pledged Equity for other Pledged Equity without altering, varying or diminishing in any way the force, effect, lien, pledge or security interest of this Agreement as to any Pledged Equity not expressly released or substituted, and this Agreement shall continue as a first priority lien on all Pledged Equity not expressly released or substituted.

  • Types of Collateral None of the Collateral consists of, or is the Proceeds of, As-Extracted Collateral, Consumer Goods, Farm Products, Manufactured Homes or standing timber.

  • Release of Collateral Subject to Section 11.01 and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt by it of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates.

  • Application of Collateral The proceeds of any sale, or other realization (other than that received from a sale or other realization permitted by the Credit Agreement) upon all or any part of the Pledged Collateral pledged by the Pledgors shall be applied by the Secured Party as set forth in Section 7.06 of the Credit Agreement.

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