GENERAL PLEDGE Sample Clauses
GENERAL PLEDGE. 7.1 Any and all of the Direct Clearing Client’s claims against the Clearinghouse as a result of Contracts which are recorded or which may be recorded, on the Direct Clearing Client’s Direct Clearing Account(s) with the Clearinghouse are hereby pledged to the Clearinghouse in accordance with the terms and conditions set forth in this agreement and under the Clearing Rules.
7.2 The general pledge under this Direct Clearing Client Agreement shall apply firstly to any and all obligations of the Direct Clearing Client towards the Clearinghouse under Contracts Recorded on the Direct Clearing Client’s Direct Clearing Account with the Clearinghouse and thereafter to obligations under Contracts which are Recorded on the Direct Clearing Client’s other Direct Clearing Accounts with the Clearinghouse. The general pledge shall not be utilised in such a manner so as to override the requirements of Article 39 of EMIR.
7.3 The Clearinghouse shall, to the extent possible, make use of collateral under the general pledge to the Clearinghouse before realising upon other collateral or prior to invoking any payment obligations of the Agent.
GENERAL PLEDGE. Except where prohibited by law or regulation, as security for the payment of all your current and future obligations under these Cryptocurrency Terms, you hereby grant a pledge in favour of PayPal on all your claims against PayPal under these Cryptocurrency Terms including your current and future claims against PayPal under the fiduciary arrangement relating to your Cryptocurrencies. If you fail to make a payment to PayPal, you immediately authorise us to enforce the pledge and appropriate or sell the Cryptocurrencies in accordance with applicable legal provisions. PayPal may offset the claims you have pledged in its favour against claims PayPal has against you. PayPal may do so without informing you in advance.
GENERAL PLEDGE. Under a general pledge, the terms and conditions of the principal debt may be changed without the pledgor’s consent. However, the pledge liability will not exceed the upper monetary limit specified in the third- party pledge agreement.
GENERAL PLEDGE. That all goods, bills of exchange, shipping documents, bills of lading, warrants, delivery orders, documents of title and securities whatsoever which have been or shall be hereafter delivered into your possession or into the possession of any of your agents shall be pledged to you as security for my (our) liability to you hereunder and without any notice to me (us) you shall have full discretion to exercise your power of sale over the said goods and any property forming the subject matter of such bills of lading, shipping documents, warrants, delivery orders, documents of title or securities whatsoever. To furnish security. 3. That I (we) shall furnish upon demand such security in such form and value as may be required by you from time to time in amounts and values sufficient as all times in your opinion to secure any of my (our) obligations to you whether contingent, future or otherwise.
GENERAL PLEDGE. Any and all of the Customer’s claims against the Clearing House as a result of Contracts which are Recorded or which may be Recorded, on the above stated Clearing Account with the Clearing House are hereby pledged to the Clearing House in accordance with the terms and conditions set forth on the reverse side.