Common use of Right of Lien Clause in Contracts

Right of Lien. (a) When the Customer is indebted to the Bank, the Bank shall have a general lien over all Property of the Customer in the Bank's possession charged to secure payment of any money whether or not that money has been repaid; (b) Where the Customer is indebted in circumstances giving the Bank a right of set off, all securities as set out in Section 19 (a) hereof are held as Security for the debt; (c) The Bank may give the Customer notice in writing that if an accrued debt is not paid within a stipulated period of time, the Bank may, without further notice to the Customer, realize sufficient relief of the Customer's Property under lien to discharge the debt and the Customer constitutes the Bank as their Attorney for the purpose of conducting the sale, giving title to the assets sold and all other necessary matters. Any sum remaining after such a transaction will be held for the Customer subject to these Terms and Conditions; (d) The Bank is under no obligation in respect of any sale under Section 19 (c) other than for that done in bad faith ("mala fides").

Right of Lien. (a) When the Customer is indebted to the Bank, the Bank shall have a general lien over all Property of the Customer in the Bank's possession charged to secure payment of any money whether or not that money has been repaid; (b) Where the Customer is indebted in circumstances giving the Bank a right of set off, all securities as set out in Section 19 (a) hereof are held as Security for the debt; (c) The Bank may give the Customer notice in writing that if an accrued debt is not paid within a stipulated period of time, the Bank may, without further notice to the Customer, realize sufficient relief of the Customer's Property under lien to discharge the debt and the Customer constitutes the Bank as their Attorney for the purpose of conducting the sale, giving title to the assets sold and all other necessary matters. Any sum remaining after such a transaction will be held for the Customer subject to these Terms and Conditions; (d) The Bank is under no obligation in respect of any sale under Section 19 (c19(c) other than for that done in bad faith ("mala fides").

Right of Lien. (a) When the Customer is indebted to the Bank, the Bank shall have a general lien over all Property of the Customer in the Bank's possession charged to secure payment of any money whether or not that money has been repaid; (b) Where the Customer is indebted in circumstances giving the Bank a right of set off, all securities as set out in Section 19 (a) hereof are held as Security for the debt; (c) The Bank may give the Customer notice in writing that if an accrued debt is not paid within a stipulated period of time, the Bank may, without further notice to the Customer, realize sufficient relief of the Customer's Property under lien to discharge the debt and the Customer constitutes the Bank as their Attorney for the purpose of conducting the sale, giving title to the assets sold and all other necessary matters. Any sum remaining after such a transaction will be held for the Customer subject to these Terms and Conditions; (d) The Bank is under no obligation in respect of any sale under Section 19 (c) other than for that done in bad faith ("mala fides").

Right of Lien. (a) When the Customer is indebted to the Bank, the Bank shall have a general lien over all Property of the Customer in the Bank's possession charged to secure payment of any money whether or not that money has been repaid; (b) . Where the Customer is indebted in circumstances giving the Bank a right of set off, all securities as set out in Section 19 (a) hereof are held as Security security for the debt;. (c) The Bank may will give the Customer notice in writing that if an accrued debt is not paid within a stipulated period of time, the Bank may, without further notice to the Customer, realize sufficient relief of the Customer's Property under lien to discharge the debt and the Customer constitutes the Bank as their Attorney for the purpose of conducting the sale, giving title to the assets sold and all other necessary matters. Any sum remaining after such a transaction will be held for the Customer subject to these Terms and Conditions;Terms. (d) The Bank is under no obligation in respect of any sale under Section 19 (c19(c) other than for that done in bad faith ("mala fides").