PLEDGE AND USE OF COLLATERAL Sample Clauses

PLEDGE AND USE OF COLLATERAL. As continuing collateral security, for the payment of any indebtedness which is now or which may in the future be owing by the Client to the Brokers, the Client hereby pledges to the Brokers all of its securities and cash, including any free credit balances, which may now or hereafter be in any of his/her accounts with the Brokers (collectively, the “Collateral”), whether held in the Account or in any other account in which the Client has an interest and whether or not any amount owing relates to the Collateral pledged. So long as any indebtedness remains unpaid, the Client authorizes the Brokers, without notice, to use at any time and from time to time the Collateral in the conduct of the Brokers business, including the right to:
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PLEDGE AND USE OF COLLATERAL. As continuing collateral security for the payment of any indebtedness, which is now or which may in the future be owing by me to Xxxxxx Xxxxx, I hereby pledge to Xxxxxx Xxxxx all of my securities and cash, including any free credit balances, which may now or in the future be in any of my accounts with Xxxxxx Xxxxx (collectively, the “Collateral’’), whether held in my account or in any other account in which I have an interest and whether or not any amount owing is related to the Collateral pledged. If any indebtedness remains unpaid, I authorize Xxxxxx Xxxxx, without notice, to use at any time the Collateral in the conduct of Xxxxxx Xxxxx’ business, including the right to: (a) combine any of the Collateral with property of Xxxxxx Xxxxx or other clients or both; (b) pledge any of the Collateral which is held in Xxxxxx Xxxxx’ possession as security for its own indebtedness; (c) lend any of the Collateral to Xxxxxx Xxxxx for its own purposes; and/or (d) use any of the Collateral for making delivery against a sale, whether a short sale or otherwise and whether such sale is for my account or for the account of any other client of Xxxxxx Xxxxx.
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PLEDGE AND USE OF COLLATERAL. As continuing collateral security, for the payment of any indebtedness which is now or which may in the future be owing by the Applicant/Annuitant to Worldsource, the Applicant/Annuitant hereby pledges to Worldsource all of its Investment Products and cash, including any free credit balances, which may or hereafter be in any other plan in which the Applicant/Annuitant has an interest and whether or not any amount owing relates to the Collateral pledged. So long as any indebtedness remains unpaid, the Applicant/Annuitant authorizes Worldsource without notice, to use at any time or from time to time the Collateral in the conduct of Worldsource business, including the right to; (a) Combine any of the Collateral with property of Worldsource; or (b) use any of the Collateral for making delivery against a sale.
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PLEDGE AND USE OF COLLATERAL. As continuing collateral security, for the payment of any indebtedness which is now or which may in the future be owing by you to Worldsource, you hereby pledge to Worldsource all of your Investment Products and cash, including any free credit balances, which may or hereafter be in any other account in which you have an interest and whether or not any amount owing relates to the Collateral pledged. So long as any indebtedness remains unpaid, you authorize Worldsource without notice, to use at any time or from time to time the Collateral in the conduct of Worldsource business, including the right to; (a) Combine any of the Collateral with property of Worldsource; or (b) use any of the Collateral for making delivery against a sale.
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Related to PLEDGE AND USE OF COLLATERAL

  • Release of Collateral Subject to Section 11.01 and the terms of the Basic Documents, the Indenture Trustee shall release property from the lien of this Indenture only upon receipt by it of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1) or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates.

  • Borrower Not Released; Forbearance By Lender Not a Waiver Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Xxxxxx to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender’s acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy.

  • Consent to Collateral Assignment Subject to the provisions of this Section 9.05, Seller may (but is not obligated to) assign this Agreement as collateral to a Lender for any financing or refinancing of the Generating Facility, including a Sale-Leaseback Transaction or Equity Investment and, in connection therewith, Buyer shall in good faith work with Seller and Lender to agree upon a consent to a collateral assignment of this Agreement or to a Sale-Leaseback Transaction or Equity Investment, as applicable (“Collateral Assignment Agreement”). The Collateral Assignment Agreement shall be in form and substance reasonably agreed to by Xxxxx, Seller and Lender, and shall include, among others, the following provisions (together with such other commercially reasonable provisions required by any Lender that are reasonably acceptable to Buyer):

  • Security Agreement The words "Security Agreement" mean and include without limitation any agreements, promises, covenants, arrangements, understandings or other agreements, whether created by law, contract, or otherwise, evidencing, governing, representing, or creating a Security Interest.

  • U.S. Government Restricted Rights The Software is commercial computer software subject to RESTRICTED RIGHTS. In accordance with 48 CFR 12.212 (Computer software) or DFARS 227.7202 (Commercial computer software and commercial computer software documentation), as applicable, the use, duplication, and disclosure of the Software by the United States of America, its agencies or instrumentalities is subject to the restrictions set forth in this Agreement.

  • Government’s Reservation of Rights The defendant understands that the United States expressly reserves the right in this case to:

  • Collateral The Collateral for this Note includes the Funding Agreement and the Guarantee specified on the face hereof.

  • UNION SECURITY AND CHECK-OFF 5.01 All present seniority employees who are currently members of the Union will be required to continue to be members of the Union as a condition of employment for the duration of this Agreement.

  • Use of Proceeds of the Loan Section 3.01. The Borrower shall cause the proceeds of the Loan to be applied to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement.

  • Application of Payments or Proceeds Except as otherwise described in this Section 2, all payments accepted and applied by Lender shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it became due. Any remaining amounts shall be applied first to late charges, second to any other amounts due under this Security Instrument, and then to reduce the principal balance of the Note. If Lender receives a payment from Borrower for a delinquent Periodic Payment which includes a sufficient amount to pay any late charge due, the payment may be applied to the delinquent payment and the late charge. If more than one Periodic Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if, and to the extent that, each payment can be paid in full. To the extent that any excess exists after the payment is applied to the full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments shall be applied first to any prepayment charges and then as described in the Note. Any application of payments, insurance proceeds, or Miscellaneous Proceeds to principal due under the Note shall not extend or postpone the due date, or change the amount, of the Periodic Payments.

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