Examples of Charged Assets in a sentence
The Company is authorised to take such measures as the Company at its sole discretion deems necessary to sell or dispose of any of the Client's Securities or Charged Assets (and the Company shall have absolute discretion to determine which Securities or Charged Assets are to be sold or disposed of) for the purpose of settling any liability owed by or on behalf of the Client to the Company or a third person.
No prior tender, demand for original or additional margin or call of any kind from the Company, or prior outstanding demand or call from the Company, or notice of the time and place of such sale or purchase shall be considered a waiver of the Company's right to sell, buy or close out any positions, or realize any Client's Investment Products or Charged Assets, at any time as provided in the Agreement.
The Client represents and warrants that the Charged Assets are beneficially owned by the Client, that the Client has good right and title to deposit, deliver and/or transfer the Investment Products with or to the Company or its Affiliates, that the same are and will remain free from any lien, charge or Encumbrance of any kind and are not nor shall they be subject to any option and that any stocks, shares and other Investment Products comprised in the Collateral are and will be fully paid up.
The Client understands and agrees that the Company may, as a result of providing services to the Client under the Agreement or otherwise, owe obligations towards a third party arising from, or in connection with, the Client's Investment Products and Charged Assets.
Without prejudice to the aforesaid, the Company may at any time and from time to time by notice in writing to the Client, convert any floating charge into a specific fixed charge as regards the whole or any part of the Charged Assets specified in such notice.