Common use of Charged Property Clause in Contracts

Charged Property. The Client charges in favor of the Broker all the Charged Property by way of continuing security for the payment of all monies and liabilities, whether actual or contingent, which may now or at any time hereafter be due or owing by the Client to the Broker or any other member of the Group in connection with the operation of the Account or otherwise under the Agreement together with all costs, charges and expenses incurred by any member of the Group in the exercise of such rights. The aforesaid shall not affect the lien under Clause 11.1 and shall be in addition to any other rights that the Broker may have hereunder.