Common use of Lien, Set-off and Combination of Accounts Clause in Contracts

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 the Account shall be subject to a lien by way of first fixed charge in GNSSW's favour for the performance of the Client's obligations to GNS SW arising in respect of dealing in Securities for the Client. In addition, GNS SW 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 SW on the Client’s behalf, all of which shall be held by GNS SW as a continuing security for the payment and/or discharge of the Client’s obligations to GNS SW 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 SW or any default by the Client hereunder, GNS SW 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 SW shall think fit and to apply the net proceeds of such sale or disposition and any moneys for the time being in GNSSW’s hands in or towards discharge of the Client’s indebtedness to GNS SW and any of its Group’s Companies.

Lien, Set-off and Combination of Accounts. 11.1 9.1 All Securities held for the Account shall be subject to a lien by way of first fixed charge in GNSOPSL's favour for the performance of the Client's obligations to GNS OPSL arising in respect of dealing in Securities for the Client. In addition, GNS OPSL 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 OPSL on the Client’s behalf, all of which shall be held by GNS OPSL as a continuing security for the payment and/or discharge of the Client’s obligations to GNS OPSL 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 OPSL or any default by the Client hereunder, GNS OPSL 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 OPSL shall think fit and to apply the net proceeds of such sale or disposition and any moneys for the time being in GNSOPSL’s hands in or towards discharge of the Client’s indebtedness to GNS and any of its Group’s Companies.OPSL. 客戶協議書 | 2017/2.0_APRIL 2017

Lien, Set-off and Combination of Accounts. 11.1 (a) All Securities held for the Account shall be subject to a lien by way of first fixed charge in GNSHKSICL 's favour for the performance of the Client's obligations to GNS HKSICL arising in respect of dealing in Securities for the Client. In addition, GNS HKSICL 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 HKSICL on the Client’s behalf, all of which shall be held by GNS HKSICL as a continuing security for the payment and/or discharge of the Client’s obligations to GNS HKSICL 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 HKSICL or any default by the Client hereunder, GNS HKSICL 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 HKSICL shall think fit and to apply the net proceeds of such sale or disposition and any moneys for the time being in GNSHKSICL’s hands in or towards discharge of the Client’s indebtedness to GNS and any of its Group’s CompaniesHKSICL.