Common use of Security for Indebtedness Clause in Contracts

Security for Indebtedness. You hereby charge to the Firm by way of first fixed charge a continuing security interest in, right of set-off to and general lien on and over all securities, cash, investment property, and other property in your Account and all your right, title, interest and benefit present and future in, to and under such property (“Collateral”). To the extent not effective charged under this clause 10.9, you assign, and agree to assign, absolutely and by way of security to the Firm all your rights, present and future, actual or contingent, relating to any of the Collateral. Subject to Applicable Rules, and without prior notice to you, the Firm may sell or transfer the Collateral to satisfy the discharge of your indebtedness and other obligations. The Firm also has the discretion to determine which securities and other properties are to be sold and which contracts are to be closed. In addition to the rights and remedies provided for in this Agreement, the Firm shall have all rights and remedies available to it as a secured creditor as permitted under the Applicable Rules. You hereby agree to execute such documents and take such action as the Firm shall reasonably request in order to perfect its rights with respect to the Collateral and maintain the priority of the Collateral as provided for herein. You hereby irrevocably and by way of security for the satisfaction and discharge of your indebtedness and other obligations, appoint the Firm to be your true and lawful attorney or attorneys (with full power to appoint substitutes and to sub-delegate) on your behalf and in your own name or otherwise, at any time and from time to time, to sign, seal, execute and deliver all documents, and do all such acts whatsoever as the Firm may deem necessary or desirable for creating, perfecting, protecting, maintaining or enforcing the security contemplated hereunder, protecting or exercising the rights of the Firm hereunder or under the Applicable Law.

Appears in 3 contracts

Samples: Corporate Client Agreement, Retail Client Agreement, Retail Client Agreement

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Security for Indebtedness. You hereby charge to the Firm by way of first fixed charge a continuing security interest in, right of set-set- off to and general lien on and over all securities, cash, investment property, and other property in your Account and all your right, title, interest and interestand benefit present and future in, to and under such property (“Collateral”). To the extent not effective charged under this clause 10.9, you assign, and agree to assign, absolutely and by way of security to the Firm all your rights, present and future, actual or contingent, relating to any of the Collateral. Subject to Applicable Rules, and without prior notice to you, the Firm may sell or transfer the Collateral to satisfy the discharge of your indebtedness and other obligations. The Firm also has the discretion to determine which securities and other properties are to be sold and which contracts are to be closed. In addition to the rights and remedies provided remediesprovided for in this Agreement, the Firm shall have all rights and remedies available to it as a secured creditor as permitted under the Applicable Rules. You hereby agree to execute such documents and take such action as the Firm shall reasonably request in order to perfect its rights with respect to the Collateral and maintain the priority of the Collateral as provided for herein. You xxxxxx.Xxx hereby irrevocably and by way of security for the satisfaction and discharge of your indebtedness and other obligations, appoint the Firm to be your true and lawful attorney or attorneys (with full power to appoint substitutes and to sub-delegate) on your behalf and in your own name or otherwise, at any time and from time to time, to sign, seal, execute and deliver all documents, and do all such acts whatsoever as the Firm may deem necessary or desirable for creating, perfecting, protecting, maintaining or enforcing the security contemplated hereunder, protecting or exercising the rights of the Firm hereunder or under the Applicable Law.

Appears in 1 contract

Samples: Retail Client Agreement

Security for Indebtedness. You hereby charge to the Firm by way of first fixed charge a continuing security interest in, right of set-set- off to and general lien on and over all securities, cash, investment property, and other property in your Account and all your right, title, interest and benefit present and future in, to and under such property (“Collateral”). To the extent not effective charged under this clause 10.9, you assign, and agree to assign, absolutely and by way of security to the Firm all your rights, present and future, actual or contingent, relating to any of the Collateral. Subject to Applicable Rules, and without prior notice to you, the Firm may sell or transfer the Collateral to satisfy the discharge of your indebtedness indebted- ness and other obligations. The Firm also has the discretion to determine which securities and other properties are to be sold and which contracts are to be closed. In addition to the rights and remedies provided for in this Agreement, the Firm shall have all rights and remedies available to it as a secured creditor as permitted under the Applicable Rules. You hereby agree to execute such documents and take such action as the Firm shall reasonably request in order to perfect its rights with respect to the Collateral and maintain the priority of the Collateral as provided for herein. You hereby irrevocably and by way of security for the satisfaction satisfac- tion and discharge of your indebtedness and other obligations, appoint the Firm to be your true and lawful attorney or attorneys (with full power to appoint substitutes and to sub-delegate) on your behalf and in your own name or otherwise, at any time and from time to time, to sign, seal, execute and deliver all documents, and do all such acts whatsoever as the Firm may deem necessary or desirable for creating, perfecting, protecting, maintaining or enforcing the security contemplated hereunder, protecting or exercising the rights of the Firm hereunder or under the Applicable Law.

Appears in 1 contract

Samples: Retail Client Agreement

Security for Indebtedness. You hereby charge to the Firm by way of first fixed charge a continuing security interest in, right of set-set- off to and general lien on and over all securities, cash, investment property, and other property in your Account and all your right, title, interest and benefit present and future in, to and under such property (“Collateral”). To the extent not effective charged under this clause 10.9, you assign, and agree to assign, absolutely and by way of security to the Firm all your rights, present and future, actual or contingent, relating to any of the Collateral. Subject to Applicable Rules, and without prior notice to you, the Firm may sell or transfer the Collateral to satisfy the discharge of your indebtedness and other obligations. The Firm also has the discretion to determine which securities and other properties are to be sold and which contracts are to be closed. In addition to the rights and remedies provided for in this Agreement, the Firm shall have all rights and remedies available to it as a secured creditor as permitted under the Applicable Rules. You hereby agree to execute such documents and take such action as the Firm shall reasonably request in order to perfect its rights with respect to the Collateral and maintain the priority of the Collateral as provided for herein. You hereby irrevocably and by way of security for the satisfaction and discharge of your indebtedness and other obligations, appoint the Firm to be your true and lawful attorney or attorneys (with full power to appoint substitutes and to sub-delegate) on your behalf and in your own name or otherwise, at any time and from time to time, to sign, seal, execute and deliver all documents, and do all such acts whatsoever as the Firm may deem necessary or desirable for creating, perfecting, protecting, maintaining or enforcing the security contemplated hereunder, protecting or exercising the rights of the Firm hereunder or under the Applicable Law.

Appears in 1 contract

Samples: Retail Client Agreement

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Security for Indebtedness. You hereby charge to the Firm by way of first fixed charge a continuing security interest in, right of set-set- off to and general lien on and over all securities, cash, investment property, and other property in your Account and all your right, title, interest nterest and benefit present and future in, to and under such property (“Collateral”). To the extent not effective charged under this clause 10.9, you assign, and agree to assign, absolutely and by way of security to the Firm all your rights, present and future, actual or contingent, relating to any of the Collateral. Subject to Applicable Rules, and without prior notice to you, the Firm may sell or transfer the Collateral to satisfy the discharge of your indebtedness and other obligations. The Firm also has the discretion to determine which securities and other properties are to be sold and which contracts are to be closed. In addition to the rights and remedies provided for in this Agreement, the Firm shall have all rights and remedies available to it as a secured creditor as permitted under the Applicable Rules. You hereby agree to execute such documents and take such action as the Firm shall reasonably request in order to perfect its rights with respect to the Collateral and maintain the priority of the Collateral as provided for herein. You hereby irrevocably and by way of security borrowing money from the Firm and pledging all securities and other property in your Account as collateral for these loans. The Margin Agreement that is posted at the Firm’s website is hereby incorporated by reference and is made part of the Agreement. In consideration of the acceptance of your account under this Agreement, you agree to the terms and provisions as well as those of the Margin Agreement. You agree to evaluate your own financial situation, resources, investment objectives, and other relevant circumstances to determine whether margin transactions are appropriate for you. The Firm will not be responsible for making this determination. Even if you determine that margin is appropriate for the Account, the Firm determines whether to make such loans to you. You also understand that trading securities on margin involves a variety of risks related in the Firm’s Risk Disclosure including to the following: for the satisfaction and discharge of your indebtedness and other obligations, appoint the Firm to be your true and lawful attorney or attorneys (with full power to appoint substitutes and to sub-delegate) on your behalf and in your own name or otherwise, at any time and from time to time, to sign, seal, execute and deliver all documents, and do all such acts whatsoever as the Firm may deem necessary or desirable for creating, perfecting, protecting, maintaining or enforcing the security contemplated hereunder, protecting or exercising the rights of the Firm hereunder or under the Applicable Law.

Appears in 1 contract

Samples: Retail Client Agreement

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