Common use of Security for Indebtedness Clause in Contracts

Security for Indebtedness. You hereby charge to the Firm by way of first fixed charge a continuing security interest in, right of set-off to and general lien on and over all securities, cash, investment property, and other property in your Account and all your right, title, interest and benefit present and future in, to and under such property (“Collateral”). To the extent not effective charged under this clause 10.9, you assign, and agree to assign, absolutely and by way of security to the Firm all your rights, present and future, actual or contingent, relating to any of the Collateral. Subject to Applicable Rules, and without prior notice to you, the Firm may sell or transfer the Collateral to satisfy the discharge of your indebtedness and other obligations. The Firm also has the discretion to determine which securities and other properties are to be sold and which contracts are to be closed. In addition to the rights and remedies provided for in this Agreement, the Firm shall have all rights and remedies available to it as a secured creditor as permitted under the Applicable Rules. You hereby agree to execute such documents and take such action as the Firm shall reasonably request in order to perfect its rights with respect to the Collateral and maintain the priority of the Collateral as provided for herein. You hereby irrevocably and by way of security for the satisfaction and discharge of your indebtedness and other obligations, appoint the Firm to be your true and lawful attorney or attorneys (with full power to appoint substitutes and to sub-delegate) on your behalf and in your own name or otherwise, at any time and from time to time, to sign, seal, execute and deliver all documents, and do all such acts whatsoever as the Firm may deem necessary or desirable for creating, perfecting, protecting, maintaining or enforcing the security contemplated hereunder, protecting or exercising the rights of the Firm hereunder or under the Applicable Law.

Appears in 2 contracts

Samples: www.cmelitegroup.com, www.cmelitegroup.com

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Security for Indebtedness. You hereby charge to the Firm by way of first fixed charge a continuing security interest in, right of set-off to and general lien on and over all securities, cash, investment property, and other property in your Account and all your right, title, interest and benefit present and future in, to and under such property (“Collateral”). To the extent not effective charged under this clause 10.9, you assign, and agree to assign, absolutely and by way of security to the Firm all your rights, present and future, actual or contingent, relating to any of the Collateral. Subject to Applicable Rules, and without prior notice to you, the Firm may sell or transfer the Collateral to satisfy the discharge of your indebtedness and other obligations. The Firm also has the discretion to determine which securities and other properties are to be sold and which contracts are to be closed. In addition to the rights and remedies provided for in this Agreement, the Firm shall have all rights and remedies available to it as a secured creditor as permitted under the Applicable Rules. You hereby agree to execute such documents and take such action as the Firm shall reasonably request in order to perfect its rights with respect to the Collateral and maintain the priority of the Collateral as provided for herein. You hereby irrevocably and by way of security for the satisfaction and discharge of your indebtedness and other obligations, appoint the Firm to be your true and lawful attorney or attorneys (with full power to appoint substitutes and to sub-delegate) on your behalf and in your own name or otherwise, at any time and from time to time, to sign, seal, execute and deliver all documents, and do all such acts whatsoever as the Firm may deem necessary or desirable for creating, perfecting, protecting, maintaining or enforcing the security contemplated hereunder, protecting or exercising the rights of the Firm hereunder or under the Applicable Law.. Capital Markets Elite Group (Cayman)

Appears in 1 contract

Samples: www.cmelitegroup.com

Security for Indebtedness. You hereby charge to the Firm by way of first fixed charge a continuing security interest in, right of set-set- off to and general lien on and over all securities, cash, investment property, and other property in your Account and all your right, title, interest and benefit present and future in, to and under such property (“Collateral”). To the extent not effective charged under this clause 10.9, you assign, and agree to assign, absolutely and by way of security to the Firm all your rights, present and future, actual or contingent, relating to any of the Collateral. Subject to Applicable Rules, and without prior notice to you, the Firm may sell or transfer the Collateral to satisfy the discharge of your indebtedness and other obligations. The Firm also has the discretion to determine which securities and other properties are to be sold and which contracts are to be closed. In addition to the rights and remedies provided for in this Agreement, the Firm shall have all rights and remedies available to it as a secured creditor as permitted under the Applicable Rules. You hereby agree to execute such documents and take such action as the Firm shall reasonably request in order to perfect its rights with respect to the Collateral and maintain the priority of the Collateral as provided for herein. You hereby irrevocably and by way of security for the satisfaction and discharge of your indebtedness and other obligations, appoint the Firm to be your true and lawful attorney or attorneys (with full power to appoint substitutes and to sub-delegate) on your behalf and in your own name or otherwise, at any time and from time to time, to sign, seal, execute and deliver all documents, and do all such acts whatsoever as the Firm may deem necessary or desirable for creating, perfecting, protecting, maintaining or enforcing the security contemplated hereunder, protecting or exercising the rights of the Firm hereunder or under the Applicable Law.

Appears in 1 contract

Samples: www.cmelitegroup.co.tt

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Security for Indebtedness. You hereby charge to the Firm by way of first fixed charge a continuing security interest in, right of set-set- off to and general lien on and over all securities, cash, investment property, and other property in your Account and all your right, title, interest and Capital Market Elite Group (Cayman) interestand benefit present and future in, to and under such property (“Collateral”). To the extent not effective charged under this clause 10.9, you assign, and agree to assign, absolutely and by way of security to the Firm all your rights, present and future, actual or contingent, relating to any of the Collateral. Subject to Applicable Rules, and without prior notice to you, the Firm may sell or transfer the Collateral to satisfy the discharge of your indebtedness and other obligations. The Firm also has the discretion to determine which securities and other properties are to be sold and which contracts are to be closed. In addition to the rights and remedies provided remediesprovided for in this Agreement, the Firm shall have all rights and remedies available to it as a secured creditor as permitted under the Applicable Rules. You hereby agree to execute such documents and take such action as the Firm shall reasonably request in order to perfect its rights with respect to the Collateral and maintain the priority of the Collateral as provided for herein. You xxxxxx.Xxx hereby irrevocably and by way of security for the satisfaction and discharge of your indebtedness and other obligations, appoint the Firm to be your true and lawful attorney or attorneys (with full power to appoint substitutes and to sub-delegate) on your behalf and in your own name or otherwise, at any time and from time to time, to sign, seal, execute and deliver all documents, and do all such acts whatsoever as the Firm may deem necessary or desirable for creating, perfecting, protecting, maintaining or enforcing the security contemplated hereunder, protecting or exercising the rights of the Firm hereunder or under the Applicable Law.

Appears in 1 contract

Samples: www.cmelitegroup.co.tt

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