Common use of Handling of Securities Clause in Contracts

Handling of Securities. Any and all property including credit balances held or carried in your Account for any purpose, including any property in which you have an interest (the "Collateral"), shall be subject to a lien in favour of Credential Securities. The Collateral will be held as security by us for repayment of your liabilities to us. We may transfer any of the Collateral in your Account from or to any other accounts you have with us. We may deliver all or any part of the Collateral when we consider it necessary for our protection or otherwise. In enforcing the lien, we may close, without notice, transactions in your Account if we consider there to be inadequate security for your obligations or upon the happening of an event which in our opinion jeopardizes your Account. All Collateral for your indebtedness to us will be held by us at a location of our choice. Any securities of yours which we hold at any time when you are indebted to us may, without notice to you, be pledged by us as security for any of our indebtedness for more or less than the amount due by you to us. Any such pledge may be made either separately or together with other securities we hold. We may lend your securities or any part of them either separately or together with other securities we are holding to any third party on such terms as we consider proper. We may earn revenue from lending your securities.

Handling of Securities. Any and all property including credit balances held or carried in your Account for any purpose, including any property in which you have an interest (the "Collateral"), shall be subject to a lien in favour of Credential SecuritiesCAM. The Collateral will be held as security by us for repayment of your liabilities to us. We may transfer any of the Collateral in your Account from or to any other accounts you have with us. We may deliver all or any part of the Collateral when we consider it necessary for our protection or otherwise. In enforcing the lien, we may close, without notice, transactions in your Account if we consider there to be inadequate security for your obligations or upon the happening of an event which in our opinion jeopardizes your Account. All Collateral for your indebtedness to us will be held by us at a location of our choice. Any securities of yours which we hold at any time when you are indebted to us may, without notice to you, be pledged by us as security for any of our indebtedness for more or less than the amount due by you to us. Any such pledge may be made either separately or together with other securities we hold. We may lend your securities or any part of them either separately or together with other securities we are holding to any third party on such terms as we consider proper. We may earn revenue from lending your securities.