Exercise of Securities. If the Customer fails to make timely payment of any of the Liabilities, then, in addition to the right of The Brokers to make demand on the Guarantor pursuant to section 7 herein or to any other right which The Brokers may have, The Brokers may, without notice or demand to the Guarantor, apply any Collateral or sell, contract to sell or otherwise dispose of, whether by public or private sale, any or all of the Collateral and apply the net proceeds therefrom to eliminate or reduce the Liabilities. Such rights may be exercised separately, successively or concurrently. For this purpose, The Brokers may convert any amount or sum into the currency of the amount of the Liabilities owing at a rate of exchange at which The Brokers could purchase the relevant currency on the relevant date acting in good faith. If The Brokers make a demand on or give notice to the Guarantor prior to exercising any such right, then such demand or notice shall not constitute a waiver by The Brokers’ right to take any other action authorized herein without further demand or notice. Any and all expenses (including any legal expenses) reasonably incurred by The Brokers in exercising their rights herein may be charged to the Guarantor. The Guarantor shall remain liable to The Brokers for any deficiency remaining following the exercise of any of its rights herein or otherwise. The Guarantor acknowledges that the rights granted to The Brokers herein are reasonable and necessary for the protection of The Brokers having regard to the nature and volatility of the Securities markets.
Exercise of Securities. 15.1. Should the Client fail to make an occasional payment or fulfil any of his Obligations, LBS, in addition to its right to send a payment request to the Guarantor pursuant to this Agreement or to any other eventual right, may, without any prior notice or request to the Guarantor, use, sell, contract to sell or otherwise dispose of, by public or private sale, all or part of the Assets Pledged as Collateral, and use the net proceeds of such sale to diminish, or to eliminate, such Obligations. Such rights may be exercised separately, successively or concurrently. Should LBS send the Guarantor a request or a prior notice before exercising such rights, such request or prior notice shall not be construed as a waiver of LBS’ right to take any such actions in the future without giving prior notice to the Guarantor. The Guarantor is responsible toward LBS for any unpaid balance pursuant to the exercise of any of the rights provided for in this Agreement or elsewhere. The Guarantor acknowledges and agrees that his total assets, current or future, are put at the disposal of LBS, upon request, to fulfil such Obligations. Any expenses (including legal fees) reasonably incurred by LBS in exercising its rights may be charged to the Guarantor. The Guarantor acknowledges that the rights herein granted to LBS are reasonable and necessary for the protection of LBS, given the nature of securities markets, including, more specifically, their volatility.
Exercise of Securities. Option Other than in Connection with Disposition by -------------------------------------------------------------------------- a Seller --------
Exercise of Securities. The undersigned, being [the holder(s)][the Monte Titoli Accountholder(s)] of the Warrants and, if applicable, Units referred to below forming part of the above issue of Warrants, hereby exercises the number of Warrants and, if applicable, Units referred to below, subject to the Conditions of such Warrants. Expressions defined in such Conditions shall bear the same meanings herein.
