Common use of COLLATERAL AND LENDING AGREEMENT Clause in Contracts

COLLATERAL AND LENDING AGREEMENT. All funds, securities, currencies, and other property of Customer which HIBI MARKETS LIMITED or its affiliates may at any time be carrying for Customer (either individually, jointly with other, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by HIBI MARKETS LIMITED as security and subject to a general lien and right of set-off for liabilities of Customer to HIBI MARKETS LIMITED whether or not HIBI MARKETS LIMITED has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with HIBI MARKETS LIMITED HIBI MARKETS LIMITED may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts. Customer hereby also grants to HIBI MARKETS LIMITED the right to pledge, repledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by HIBI MARKETS LIMITED as margin or security. HIBI MARKETS LIMITED shall at no time be required to deliver to Customer the identical property delivered to or purchased by HIBI MARKETS LIMITED for any account of Customer. This authorization shall apply to all accounts carried by HIBI MARKETS LIMITED for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by HIBI MARKETS LIMITED from its home office. Any failure by HIBI MARKETS LIMITED to enforce its rights hereunder shall not be deemed a future waiver of such rights by HIBI MARKETS LIMITED HIBI MARKETS LIMITED is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that HIBI MARKETS LIMITED deems necessary or desirable to evidence or to protect HIBI MARKETS LIMITED’s interest with respect to any collateral. In the event that the collateral deemed acceptable to HIBI MARKETS LIMITED is at any time insufficient to satisfy Customer’s indebtedness or other obligations to HIBI MARKETS LIMITED, including obligations to provide margin in accordance with section 4 above, Customer shall promptly pay upon demand the entire amount of such deficit.

Appears in 1 contract

Samples: www.hibitrade.com

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COLLATERAL AND LENDING AGREEMENT. All funds, securities, currencies, and other property of Customer which HIBI FUNDA MARKETS LIMITED or its affiliates may at any time be carrying for Customer (either individually, jointly with other, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by HIBI FUNDA MARKETS LIMITED as security and subject to a general lien and right of set-off for liabilities of Customer to HIBI FUNDA MARKETS LIMITED whether or not HIBI FUNDA MARKETS LIMITED has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with HIBI FUNDA MARKETS LIMITED HIBI FUNDA MARKETS LIMITED may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts. Customer hereby also grants to HIBI FUNDA MARKETS LIMITED the right to pledge, repledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by HIBI FUNDA MARKETS LIMITED as margin or security. HIBI FUNDA MARKETS LIMITED shall at no time be required to deliver to Customer the identical property delivered to or purchased by HIBI FUNDA MARKETS LIMITED for any account of Customer. CUSTOMER AGREEMENT 5 This authorization shall apply to all accounts carried by HIBI FUNDA MARKETS LIMITED for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by HIBI FUNDA MARKETS LIMITED from its home office. Any failure by HIBI FUNDA MARKETS LIMITED to enforce its rights hereunder shall not be deemed a future waiver of such rights by HIBI FUNDA MARKETS LIMITED HIBI FUNDA MARKETS LIMITED is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that HIBI FUNDA MARKETS LIMITED deems necessary or desirable to evidence or to protect HIBI FUNDA MARKETS LIMITED’s interest with respect to any collateral. In the event that the collateral deemed acceptable to HIBI FUNDA MARKETS LIMITED is at any time insufficient to satisfy Customer’s indebtedness or other obligations to HIBI FUNDA MARKETS LIMITED, including obligations to provide margin in accordance with section 4 above, Customer shall promptly pay upon demand the entire amount of such deficit.

Appears in 1 contract

Samples: Customer Agreement

COLLATERAL AND LENDING AGREEMENT. All funds, securities, currencies, and other property of Customer which HIBI FUNDA MARKETS LIMITED or its affiliates may at any time be carrying for Customer (either individually, jointly with other, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by HIBI FUNDA MARKETS LIMITED as security and subject to a general lien and right of set-off for liabilities of Customer to HIBI FUNDA MARKETS LIMITED whether or not HIBI FUNDA MARKETS LIMITED has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with HIBI FUNDA MARKETS LIMITED HIBI LIMITED. FUNDA MARKETS LIMITED may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts. Customer hereby also grants to HIBI FUNDA MARKETS LIMITED the right to pledge, repledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by HIBI FUNDA MARKETS LIMITED as margin or security. HIBI FUNDA MARKETS LIMITED shall at no time be required to deliver to Customer the identical property delivered to or purchased by HIBI FUNDA MARKETS LIMITED for any account of Customer. This authorization shall apply to all accounts carried by HIBI FUNDA MARKETS LIMITED for CUSTOMER AGREEMENT 5 Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by HIBI FUNDA MARKETS LIMITED from its home office. Any failure by HIBI FUNDA MARKETS LIMITED to enforce its rights hereunder shall not be deemed a future waiver of such rights by HIBI FUNDA MARKETS LIMITED HIBI LIMITED. FUNDA MARKETS LIMITED is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that HIBI FUNDA MARKETS LIMITED deems necessary or desirable to evidence or to protect HIBI FUNDA MARKETS LIMITED’s interest with respect to any collateral. In the event that the collateral deemed acceptable to HIBI FUNDA MARKETS LIMITED is at any time insufficient to satisfy Customer’s indebtedness or other obligations to HIBI FUNDA MARKETS LIMITED, including obligations to provide margin in accordance with section 4 above, Customer shall promptly pay upon demand the entire amount of such deficit.

Appears in 1 contract

Samples: Customer Agreement

COLLATERAL AND LENDING AGREEMENT. All funds, securities, currencies, and other property of Customer which HIBI SIRIUS MARKETS LIMITED or its affiliates may at any time be carrying for Customer (either individually, jointly with other, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by HIBI SIRIUS MARKETS LIMITED as security and subject to a general lien and right of set-off for liabilities of Customer to HIBI SIRIUS MARKETS LIMITED whether or not HIBI SIRIUS MARKETS LIMITED has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with HIBI SIRIUS MARKETS LIMITED HIBI SIRIUS MARKETS LIMITED may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts. Customer hereby also grants to HIBI SIRIUS MARKETS LIMITED the right to pledge, repledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by HIBI SIRIUS MARKETS LIMITED as margin or security. HIBI SIRIUS MARKETS LIMITED shall at no time be required to deliver to Customer the identical property delivered to or purchased by HIBI SIRIUS MARKETS LIMITED for any account of Customer. This authorization shall apply to all accounts carried by HIBI SIRIUS MARKETS LIMITED for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by HIBI SIRIUS MARKETS LIMITED from its home office. Any failure by HIBI SIRIUS MARKETS LIMITED to enforce its rights hereunder shall not be deemed a future waiver of such rights by HIBI SIRIUS MARKETS LIMITED HIBI SIRIUS MARKETS LIMITED is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that HIBI SIRIUS MARKETS LIMITED deems necessary or desirable to evidence or to protect HIBI SIRIUS MARKETS LIMITED’s interest with respect to any collateral. In the event that the collateral deemed acceptable to HIBI SIRIUS MARKETS LIMITED is at any time insufficient to satisfy Customer’s indebtedness or other obligations to HIBI SIRIUS MARKETS LIMITED, including obligations to provide margin in accordance with section 4 above, Customer shall promptly pay upon demand the entire amount of such deficit.

Appears in 1 contract

Samples: siriustrades.com

COLLATERAL AND LENDING AGREEMENT. All funds, securities, currencies, and other property of Customer which HIBI MARKETS LIMITED CYBER FUTURES INTERNATIONAL LTD or its affiliates may at any time be carrying for Customer (either individually, jointly with other, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by HIBI MARKETS LIMITED CYBER FUTURES INTERNATIONAL LTD as security and subject to a general lien and right of set-off for liabilities of Customer to HIBI MARKETS LIMITED CYBER FUTURES INTERNATIONAL LTD whether or not HIBI MARKETS LIMITED CYBER FUTURES INTERNATIONAL LTD has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with HIBI MARKETS LIMITED HIBI MARKETS LIMITED CYBER FUTURES INTERNATIONAL LTD CYBER FUTURES INTERNATIONAL LTD may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts. Customer hereby also grants to HIBI MARKETS LIMITED CYBER FUTURES INTERNATIONAL LTD the right to pledge, repledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by HIBI MARKETS LIMITED CYBER FUTURES INTERNATIONAL LTD as margin or security. HIBI MARKETS LIMITED CYBER FUTURES INTERNATIONAL LTD shall at no time be required to deliver to Customer the identical property delivered to or purchased by HIBI MARKETS LIMITED CYBER FUTURES INTERNATIONAL LTD for any account of Customer. This authorization shall apply to all accounts carried by HIBI MARKETS LIMITED CYBER FUTURES INTERNATIONAL LTD for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by HIBI MARKETS LIMITED CYBER FUTURES INTERNATIONAL LTD from its home office. Any failure by HIBI MARKETS LIMITED CYBER FUTURES INTERNATIONAL LTD to enforce its rights hereunder shall not be deemed a future waiver of such rights by HIBI MARKETS LIMITED HIBI MARKETS LIMITED CYBER FUTURES INTERNATIONAL LTD. CYBER FUTURES INTERNATIONAL LTD is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that HIBI MARKETS LIMITED CYBER FUTURES INTERNATIONAL LTD deems necessary or desirable to evidence or to protect HIBI MARKETS LIMITEDCYBER FUTURES INTERNATIONAL LTD’s interest with respect to any collateral. CUSTOMER AGREEMENT 6 In the event that the collateral deemed acceptable to HIBI MARKETS LIMITED CYBER FUTURES INTERNATIONAL LTD is at any time insufficient to satisfy Customer’s indebtedness or other obligations to HIBI MARKETS LIMITEDCYBER FUTURES INTERNATIONAL LTD, including obligations to provide margin in accordance with section 4 above, Customer shall promptly pay upon demand the entire amount of such deficit.

Appears in 1 contract

Samples: Cyber Futures

COLLATERAL AND LENDING AGREEMENT. All funds, securities, currencies, and other property of Customer which HIBI MARKETS LIMITED Client that TRADVIEW LTD or its affiliates may at any time be carrying for Customer Client (either individually, jointly with other, others or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its the books of TRADVIEW LTD for any purpose, including safekeeping, are to be held by HIBI MARKETS LIMITED TRADVIEW LTD as security and subject to a general lien and right of set-off for all obligations and liabilities of Customer Client to HIBI MARKETS LIMITED TRADVIEW LTD whether or not HIBI MARKETS LIMITED TRADVIEW LTD has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer Client may have with HIBI MARKETS LIMITED HIBI MARKETS LIMITED TRADVIEW LTD. TRADVIEW LTD may in its discretion, at any time and from time to time, without notice to CustomerClient, apply and/or transfer any or all funds or other property of Customer Client between any of CustomerClient’s accounts. Customer Client hereby also grants to HIBI MARKETS LIMITED TRADVIEW LTD the right to pledge, repledgere-pledge, hypothecate, invest or loan, either separately or with the property of other CustomersClients, to itself as broker or to others, any securities or other property of Customer Client held by HIBI MARKETS LIMITED TRADVIEW LTD as margin or securitycollateral. HIBI MARKETS LIMITED TRADVIEW LTD shall at no time be required to deliver to Customer Client the identical property delivered to or purchased by HIBI MARKETS LIMITED TRADVIEW LTD for any account of CustomerClient. Should Client take delivery of Page 3 of 7 currencies through settlement of trades, TRADVIEW LTD is obliged to make full payment for the delivery on 24 hour notice. If the balance in the Client’s account is not adequate to pay for the delivery, the depository receipts held in the name of Client or TRADVIEW LTD, as Client’s agent or nominee, become property carried on margin in the Client’s account, since they are not fully paid for by Client. This authorization shall apply to all accounts carried by HIBI MARKETS LIMITED TRADVIEW LTD for Customer Client and shall remain in full force until all accounts are fully paid for by Customer Client or notice of revocation is sent by HIBI MARKETS LIMITED from its home office. Any failure by HIBI MARKETS LIMITED to enforce its rights hereunder shall not be deemed a future waiver of such rights by HIBI MARKETS LIMITED HIBI MARKETS LIMITED is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that HIBI MARKETS LIMITED deems necessary or desirable to evidence or to protect HIBI MARKETS LIMITED’s interest with respect to any collateral. In the event that the collateral deemed acceptable to HIBI MARKETS LIMITED is at any time insufficient to satisfy Customer’s indebtedness or other obligations to HIBI MARKETS LIMITED, including obligations to provide margin in accordance with section 4 above, Customer shall promptly pay upon demand the entire amount of such deficitTRADVIEW LTD.

Appears in 1 contract

Samples: Client Agreement

COLLATERAL AND LENDING AGREEMENT. All funds, securities, currencies, and other property of Customer which HIBI RUBY MARKETS LIMITED or its affiliates may at any time be carrying for Customer (either individually, jointly with other, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by HIBI RUBY MARKETS LIMITED as security and subject to a general lien and right of set-off for liabilities of Customer to HIBI RUBY MARKETS LIMITED whether or not HIBI RUBY MARKETS LIMITED has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with HIBI RUBY MARKETS LIMITED HIBI RUBY MARKETS LIMITED may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts. Customer hereby also grants to HIBI RUBY MARKETS LIMITED the right to pledge, repledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by HIBI RUBY MARKETS LIMITED as margin or security. HIBI RUBY MARKETS LIMITED shall at no time be required to deliver to Customer the identical property delivered to or purchased by HIBI RUBY MARKETS LIMITED for any account of Customer. This authorization shall apply to all accounts carried by HIBI RUBY MARKETS LIMITED for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by HIBI RUBY MARKETS LIMITED from its home office. Any failure by HIBI RUBY MARKETS LIMITED to enforce its rights hereunder shall not be deemed a future waiver of such rights by HIBI RUBY MARKETS LIMITED HIBI LIMITED. RUBY MARKETS LIMITED is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that HIBI RUBY MARKETS LIMITED deems necessary or desirable to evidence or to protect HIBI RUBY MARKETS LIMITED’s interest with respect to any collateral. In the event that the collateral deemed acceptable to HIBI RUBY MARKETS LIMITED is at any time insufficient to satisfy Customer’s indebtedness or other obligations to HIBI RUBY CUSTOMER AGREEMENT 5 MARKETS LIMITED, including obligations to provide margin in accordance with section 4 above, Customer shall promptly pay upon demand the entire amount of such deficit.

Appears in 1 contract

Samples: www.rubymarkets.net

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COLLATERAL AND LENDING AGREEMENT. All funds, securities, currencies, and other property of Customer which HIBI MARKETS LIMITED IMGFX LTD or its affiliates may at any time be carrying for Customer (either individually, jointly with other, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by HIBI MARKETS LIMITED IMGFX LTD as security and subject to a general lien and right of set-off for liabilities of Customer to HIBI MARKETS LIMITED IMGFX LTD whether or not HIBI MARKETS LIMITED IMGFX LTD has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with HIBI MARKETS LIMITED HIBI MARKETS LIMITED IMGFX LTD. IMGFX LTD may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts. Customer hereby also grants to HIBI MARKETS LIMITED IMGFX LTD the right to pledge, repledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by HIBI MARKETS LIMITED IMGFX LTD as margin or security. HIBI MARKETS LIMITED IMGFX LTD shall at no time be required to deliver to Customer the identical property delivered to or purchased by HIBI MARKETS LIMITED IMGFX LTD for any account of Customer. This authorization shall apply to all accounts carried by HIBI MARKETS LIMITED IMGFX LTD for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by HIBI MARKETS LIMITED IMGFX LTD from its home office. Any failure by HIBI MARKETS LIMITED IMGFX LTD to enforce its rights hereunder shall not be deemed a future waiver of such rights by HIBI MARKETS LIMITED HIBI MARKETS LIMITED IMGFX LTD. IMGFX LTD is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that HIBI MARKETS LIMITED IMGFX LTD deems necessary or desirable to evidence or to protect HIBI MARKETS LIMITEDIMGFX LTD’s interest with respect to any collateral. In the event that the collateral deemed acceptable to HIBI MARKETS LIMITED IMGFX LTD is at any time insufficient to satisfy Customer’s indebtedness or other obligations to HIBI MARKETS LIMITEDIMGFX LTD, including obligations to provide margin in accordance with section 4 above, Customer shall promptly pay upon demand the entire amount of such deficit.

Appears in 1 contract

Samples: imgfx.com

COLLATERAL AND LENDING AGREEMENT. All funds, securities, currencies, and other property of Customer which HIBI MARKETS LIMITED MFM GROUP LTD or its affiliates may at any time be carrying for Customer (either individually, jointly with other, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by HIBI MARKETS LIMITED MFM GROUP LTD as security and subject to a general lien and right of set-off for liabilities of Customer to HIBI MARKETS LIMITED MFM GROUP LTD whether or not HIBI MARKETS LIMITED MFM GROUP LTD has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with HIBI MARKETS LIMITED HIBI MARKETS LIMITED MFM GROUP LTD. MFM GROUP LTD may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts. Customer hereby also grants to HIBI MARKETS LIMITED MFM GROUP LTD the right to pledge, repledgere-pledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by HIBI MARKETS LIMITED MFM GROUP LTD as margin or security. HIBI MARKETS LIMITED MFM GROUP LTD shall at no time be required to deliver to Customer the identical property delivered to or purchased by HIBI MARKETS LIMITED MFM GROUP LTD for any account of Customer. This authorization shall apply to all accounts carried by HIBI MARKETS LIMITED MFM GROUP LTD for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by HIBI MARKETS LIMITED MFM GROUP LTD from its home office. Any failure by HIBI MARKETS LIMITED MFM GROUP LTD to enforce its rights hereunder shall not be deemed a future waiver of such rights by HIBI MARKETS LIMITED HIBI MARKETS LIMITED MFM GROUP LTD. MFM GROUP LTD is irrevocably appointed as attorney in-fact infact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that HIBI MARKETS LIMITED MFM GROUP LTD deems necessary or desirable to evidence or to protect HIBI MARKETS LIMITED’s MFM GROUP LTD’ interest with respect to any collateral. In the event that the collateral deemed acceptable to HIBI MARKETS LIMITED MFM GROUP LTD is at any time insufficient to satisfy Customer’s indebtedness or other obligations to HIBI MARKETS LIMITEDMFM GROUP LTD, including obligations to provide margin in accordance with section 4 above, Customer shall promptly pay upon demand the entire amount of such deficit.

Appears in 1 contract

Samples: Client Agreement

COLLATERAL AND LENDING AGREEMENT. All funds, securities, currencies, and other property of Customer which HIBI AMG MARKETS LIMITED or its affiliates may at any time be carrying for Customer (either individually, jointly with other, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by HIBI AMG MARKETS LIMITED as security and subject to a general lien and right of set-off for liabilities of Customer to HIBI AMG MARKETS LIMITED whether or not HIBI AMG MARKETS LIMITED has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with HIBI AMG MARKETS LIMITED HIBI LIMITED. AMG MARKETS LIMITED may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts. Customer hereby also grants to HIBI AMG MARKETS LIMITED the right to pledge, repledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by HIBI AMG MARKETS LIMITED as margin or security. HIBI AMG MARKETS LIMITED shall at no time be required to deliver to Customer the identical property delivered to or purchased by HIBI AMG MARKETS LIMITED for any account of Customer. This authorization shall apply to all accounts carried by HIBI AMG MARKETS LIMITED for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by HIBI AMG MARKETS LIMITED from its home office. Any failure by HIBI AMG MARKETS LIMITED to enforce its rights hereunder shall not be deemed a future waiver of such rights by HIBI AMG MARKETS LIMITED HIBI AMG MARKETS LIMITED is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that HIBI AMG MARKETS LIMITED deems necessary or desirable to evidence or to protect HIBI AMG MARKETS LIMITEDLIMITED ’s interest with respect to any collateral. In the event that the collateral deemed acceptable to HIBI AMG MARKETS LIMITED is at any time insufficient to satisfy Customer’s indebtedness or other obligations to HIBI AMG MARKETS LIMITED, including obligations to provide margin in accordance with section 4 above, Customer shall promptly pay upon demand the entire amount of such deficit.

Appears in 1 contract

Samples: Customer Agreement

COLLATERAL AND LENDING AGREEMENT. All funds, securities, currencies, and other property of Customer which HIBI MARKETS 360TRADEHUB LIMITED or its affiliates may at any time be carrying for Customer (either individually, jointly with other, or as a guarantor of the account of any other person,) or which may at any time be in its possession or control or carried on its books for any purpose, including safekeeping, are to be held by HIBI MARKETS 360TRADEHUB LIMITED as security and subject to a general lien and right of set-off for liabilities of Customer to HIBI MARKETS 360TRADEHUB LIMITED whether or not HIBI MARKETS 360TRADEHUB LIMITED has made advances in connection with such securities, commodities, currencies or other property, and irrespective of the number of accounts Customer may have with HIBI MARKETS 360TRADEHUB LIMITED HIBI MARKETS 360TRADEHUB LIMITED may in its discretion, at any time and from time to time, without notice to Customer, apply and/or transfer any or all funds or other property of Customer between any of Customer’s accounts. Customer hereby also grants to HIBI MARKETS 360TRADEHUB LIMITED the right to pledge, repledge, hypothecate, invest or loan, either separately or with the property of other Customers, to itself as broker or to others, any securities or other property of Customer held by HIBI MARKETS 360TRADEHUB LIMITED as margin or CUSTOMER AGREEMENT 5 security. HIBI MARKETS 360TRADEHUB LIMITED shall at no time be required to deliver to Customer the identical property delivered to or purchased by HIBI MARKETS 360TRADEHUB LIMITED for any account of Customer. This authorization shall apply to all accounts carried by HIBI MARKETS 360TRADEHUB LIMITED for Customer and shall remain in full force until all accounts are fully paid for by Customer or notice of revocation is sent by HIBI MARKETS 360TRADEHUB LIMITED from its home office. Any failure by HIBI MARKETS 360TRADEHUB LIMITED to enforce its rights hereunder shall not be deemed a future waiver of such rights by HIBI MARKETS LIMITED HIBI MARKETS 360TRADEHUB LIMITED. 360TRADEHUB LIMITED is irrevocably appointed as attorney in-fact for Customer and is authorized, without notice to Customer, to execute and deliver any documents, give any notice and to take any actions on behalf of Customer, including the execution, delivery and filing of financing statements, that HIBI MARKETS 360TRADEHUB LIMITED deems necessary or desirable to evidence or to protect HIBI MARKETS 360TRADEHUB LIMITED’s interest with respect to any collateral. In the event that the collateral deemed acceptable to HIBI MARKETS 360TRADEHUB LIMITED is at any time insufficient to satisfy Customer’s indebtedness or other obligations to HIBI MARKETS 360TRADEHUB LIMITED, including obligations to provide margin in accordance with section 4 above, Customer shall promptly pay upon demand the entire amount of such deficit.

Appears in 1 contract

Samples: www.360tradehub.com

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