Common use of Security for Indebtedness Clause in Contracts

Security for Indebtedness. You hereby pledge to ATBSI all of the securities and credit balances held by ATBSI for the account from time to time as continuing collateral security for the payment of any indebtedness to ATBSI arising for any reason, including, without limitation, any liability arising by reason of any guarantee by you of the account of any other person whether or not any amount owing relates to the collateral pledged.

Appears in 3 contracts

Sources: Client Account Agreement, Client Account Agreement, Client Account Agreement