Pledge, Lien. All of the Client’s assets of any kind held by or on behalf of IBIE for the Client's account are hereby pledged to IBIE to secure performance of obligations and liabilities to IBIE arising under this or any other agreement. The Client hereby consents to this. The Client represents that any margin transferred to us is free and clear of any liens or security interests, and the Client agree that the Client will not create or agree to assign or transfer, any of the margin transferred to us. In addition to any other remedies available to IBIE under Applicable Law, IBIE hereby has, and the Client hereby grants, a continuing general lien on all Client Assets and shall (notwithstanding any other terms of this Agreement) have a right to withhold redelivery to, or to the order of, the Client of the Client Assets held by IBIE (or any sub-custodian, depository or agent appointed by IBIE) including without limitation, a general right of retention on all Client Assets recorded in the Client's accounts maintained, until satisfaction of all liabilities and obligations (whether actual or contingent) of the Client to IBIE.
Pledge, Lien a. The Borrower/Security Provider shall pledge/lien Securities in favour of the Lender as required by the Lender from time to time in line with the Schedule of Terms and amendments thereon.
b. The Lender shall have a pledge/lien on all amounts & Securities of the Borrower/Security Provider and the said bank account(s), Borrower/Security Provider Depository Participant Account(s) (if so required by the Lender) opened and/or operated pursuant to/subject to clause(s) in this Agreement.
c. The pledge/lien shall become effective from the time when such bank account(s), Borrower/Security Provider Depository Participant Account(s) (if so required by the Lender) are opened in case the said bank account(s)/Borrowers/Security Provider Depository Participant Account(s) (if so required by the Lender) are opened after execution of this Agreement.
d. During the continuance of the pledge/lien over the Security, the Borrower/Security Provider as the beneficial owner(s) shall not close his DP Account and/or Borrower/Security Provider Depository Participant Account(s) (if so required by the Lender) mentioned in the Agreement with the Depository Participant except with the prior written consent of the Lender.
