Common use of Pledge of Security Interest Clause in Contracts

Pledge of Security Interest. As continuing collateral security for the payment of any indebtedness which is now or which may in the future be owing by you to the Firm or its affiliates, you hereby pledge to the Firm any and all securities and cash, including any free credit balances, which may now or hereafter be held or carried in any of your Accounts (collectively, the Collateral), whether in your Account or in any other account in which you have an interest and whether or not such indebtedness relates to the Collateral pledged. So long as any indebtedness remains unpaid, you authorize the Firm, without notice, to use at any time and from time to time the Collateral in the conduct of the Firm’s business, including the right to: (a) combine any of the Collateral with property of the Firm or other clients or both; (b) pledge any of the Collateral which is held in the Firm’s possession as security for its own indebtedness; (c) loan any of the Collateral to the Firm for its own purposes; or (d) use any of the Collateral for making delivery against a sale whether such sale is for your Account or in the Account of any other of the Firm’s customers.

Pledge of Security Interest. As continuing collateral security for the payment of any indebtedness which is now or which may in the future be owing by you to the Firm or its affiliates, you hereby pledge to the Firm any and all securities and cash, including any free credit balances, which may now or hereafter be held or carried in any of your Accounts (collectively, the Collateral), whether in your Account or in any other account in which you have an interest and whether or not such indebtedness relates to the Collateral pledged. So long as any indebtedness remains unpaid, you authorize the Firm, without notice, to use at any time and from time to time the Collateral in the conduct of the Firm’s business, including the right to: (a) combine any of the Collateral with property of the Firm or other clients or both; (b) pledge any of the Collateral which is held in the Firm’s possession as security for its own indebtedness; (c) loan any of the Collateral to the Firm for its own purposes; or (d) use any of the Collateral for making delivery against a sale whether such sale is for your Account or in the Account account of any other of the Firm’s customers.

Pledge of Security Interest. As continuing collateral security for the payment of any indebtedness which is now or which may in the future be owing by you to the Firm or its affiliates, you hereby pledge to the Firm any and all securities and cash, including any free credit balances, which may now or hereafter be held or carried in any of your Accounts (collectively, the Collateral), whether in your Account or in any other account in which you have an interest and whether or not such indebtedness relates to the Collateral pledged. So long as any indebtedness remains unpaid, you authorize the Firm, without notice, to use at any time and from time to time the Collateral in the conduct of the Firm’s 's business, including the right to: (a) combine any of the Collateral with property of the Firm or other clients or both; (b) pledge any of the Collateral which is held in the Firm’s 's possession as security for its own indebtedness; (c) loan any of the Collateral to the Firm for its own purposes; or (d) use any of the Collateral for making delivery against a sale whether such sale is for your Account or in the Account of any other of the Firm’s customers.or