Common use of Security Interest and Lien Clause in Contracts

Security Interest and Lien. As security for the payment of all of your obligations and liabilities to Bear Xxxxxxx, Bear Xxxxxxx shall have a continuing security interest in all property in which you have an interest held by or through Bear Xxxxxxx or its affiliates, including, but not limited to, securities, commodity futures contracts, commercial paper, monies and any after-acquired property. In addition, in order to satisfy any such outstanding liabilities or obligations, Bear Xxxxxxx may, at any time and without prior notice to you, use, apply or transfer any such securities or property interchangeably. In the event of a breach or default under this Agreement, Bear Xxxxxxx shall have all rights and remedies available to a secured creditor under any applicable law in addition to the rights and remedies provided herein.

Security Interest and Lien. As security for the payment of all of your obligations and liabilities to Bear Xxxxxxx, Bear Xxxxxxx shall have a continuing security interest in all property in which you have an interest held by or through Bear Xxxxxxx or its affiliates, including, but not limited to, securities, commodity futures contracts, commercial paper, monies and any after-acquired property. In addition, in order to satisfy any such outstanding liabilities or obligations, Bear Xxxxxxx may, at any time and without prior notice to you, use, apply or transfer any such securities or property interchangeably. In the event of a breach or default under this Agreement, Agreement Bear Xxxxxxx shall have all rights and remedies available to a secured creditor under any applicable law in addition to the rights and remedies provided herein.

Security Interest and Lien. As security for the payment of all of your obligations and liabilities to Bear Xxxxxxx, Bear Xxxxxxx shall have a continuing security interest in all property in which you have an interest held by or through Bear Xxxxxxx or its affiliates, including, but not limited to, securities, commodity futures contracts, commercial paper, monies and any after-acquired property. In addition, in order to satisfy any such outstanding liabilities or obligations, Bear Xxxxxxx may, at any time and without prior notice to you, use, apply or transfer any such securities or property interchangeably. In the event of a breach or default under this Agreement, Bear Xxxxxxx shall have all rights and remedies available to a secured creditor under any applicable law in addition to the rights and remedies provided herein.