Lien, Set-off and Combination of Accounts. 11.1 All Securities held for the Account shall be subject to a lien by way of first fixed charge in GNS's favour for the performance of the Client's obligations to GNS arising in respect of dealing in Securities for the Client. In addition, GNS shall have a lien by way of first fixed charge over any and all Securities, acquired on the Client’s behalf, or in which the Client has an interest (either individually or jointly with others) which are held for the Accounts and all cash and other property at any time held by GNS on the Client’s behalf, all of which shall be held by GNS as a continuing security for the payment and/or discharge of the Client’s obligations to GNS arising from the business of dealing in Securities and all stocks, shares (and the dividends or interest thereon) rights, monies or property accruing or offered at any time by way of redemption, bonus, preference, option or otherwise to or in respect of such Securities. Upon default by the Client in payment on demand or on the due date therefor of any of the Client’s indebtedness to GNS or any default by the Client hereunder, GNS shall have the right, acting in good faith, to sell or otherwise dispose the whole or any part of such security as when and how and at such price and on such terms as GNS shall think fit and to apply the net proceeds of such sale or disposition and any moneys for the time being in GNS’s hands in or towards discharge of the Client’s indebtedness to GNS and any of its Group’s Companies.
Lien, Set-off and Combination of Accounts. 11.1 All Securities held for my/our Account and all receivables, monies and other property held by or in possession of the Company for me/us shall be subject to a general lien in the Company’s favour as a continuing security, for the discharge of my/our obligations to the Company arising in respect of dealing in Securities for me/us.
Lien, Set-off and Combination of Accounts. 11.1. Subject to the provisions of the SFO and relevant rules made thereunder, TCSCL shall be entitled and authorized to, for itself, at any time or from time to time and without notice to you, notwithstanding any settlement of account or other matter whatsoever, combine or consolidate any or all of your Accounts and/or your Affiliates' accounts (of whatever nature and whether held individually or jointly with others) maintained with TCSCL and/or any account(s) opened in the name of TCSCL for and on your behalf and set-off or transfer any money, Securities or other property standing to the credit of any one or more of such accounts in or towards satisfaction of the indebtedness, obligations or liabilities of you and/ or any of your Affiliates towards TCSCL on any other accounts whether such indebtedness, obligations or liabilities be present or future, actual or contingent, primary or collateral, several or joint and secured or unsecured. Where such set-off, consolidation, combination or transfer requires the conversion of one currency into another, such conversion shall be calculated at the rate of exchange conclusively determined by TCSCL to be applicable.
Lien, Set-off and Combination of Accounts. 11.1 All Securities held for the Account shall be subject to a lien by way of first fixed charge in PC Securities Limited's favour for the performance of the Client's obligations to PC Securities Limited arising in respect of dealing in Securities for the Client. In addition, PC Securities Limited shall have a lien by way of first fixed charge over any and all Securities, acquired on the Client’s behalf, or in which the Client has an interest (either individually or jointly with others) which are held for the Accounts and all cash and other property at any time held by PC Securities Limited on the Client’s behalf, all of which shall be held by PC Securities Limited as a continuing security for the payment and/or discharge of the Client’s obligations to PC Securities Limited arising from the business of dealing in Securities and all stocks, shares (and the dividends or interest thereon) rights, monies or property accruing or offered at any time by way of redemption, bonus, preference, option or otherwise to or in respect of such Securities. Upon default by the Client in payment on demand or on the due date therefor of any of the Client’s indebtedness to PC Securities Limited or any default by the Client hereunder, PC Securities Limited shall have the right, acting in good faith, to sell or otherwise dispose of the whole or any part of such security as when and how and at such price and on such terms as PC Securities Limited shall think fit and to apply the net proceeds of such sale or disposition and any monies for the time being in PC Securities Limited’s hands in or towards discharge of the Client’s indebtedness to PC Securities Limited.
Lien, Set-off and Combination of Accounts. 11.1 The Broker shall have a lien on all of the Client’s interest in any Securities or monies or other property which are now or hereafter held or carried by or for the Broker in any account for the Client (either individually or jointly with others) or which may be in the possession of the Broker at any time and for any purpose, including safe-keeping, or the proceeds of sales thereof (if sold) as security for payment of any debit and/or liability of the Client to the Broker.
