Common use of DEPOSIT OF COLLATERAL, LIEN ON ACCOUNTS AND LIQUIDATION Clause in Contracts

DEPOSIT OF COLLATERAL, LIEN ON ACCOUNTS AND LIQUIDATION. In the event that additional collateral is requested, you may deposit cash or acceptable securities into your margin account. If satisfactory collateral is not promptly deposited after a request is made, Pershing may, at its discretion, liquidate securities held in any of your accounts. In this connection, pursuant to this Agreement, ▇▇▇▇▇▇▇▇ retains a security interest in all securities and other property held in its accounts, including securities held for safekeeping, so long as any credit extended remains outstanding.

DEPOSIT OF COLLATERAL, LIEN ON ACCOUNTS AND LIQUIDATION. In the event that additional collateral is requested, you may deposit cash or acceptable securities into your margin account. If satisfactory collateral is not promptly deposited after a request is made, Pershing may, at its discretion, liquidate securities held in any of your accounts. In this connection, pursuant to this Agreement, ▇▇▇▇▇▇▇▇ Pershing retains a security interest in all securities and other property held in its accounts, including securities held for safekeeping, so long as any credit extended remains outstanding.