Disposal of Securities. The Company is authorized to dispose or initiate a disposal by its associated entity (as defined in the Securities and Futures Ordinance (the “SFO”)) of any of the Customer's securities or securities collateral comprising the Portfolio on such terms as the Company may determine in good faith for the purpose of settling any liability owed by or on behalf of the Customer to the Company, the associated entity or a third person.
Appears in 2 contracts
Disposal of Securities. The Company is authorized to dispose or initiate a disposal by its associated entity (as defined in the Securities and Futures Ordinance (the “SFO”)) of any of the Customer's securities or securities collateral comprising the Portfolio on such terms as the Company may determine in good faith for the purpose of settling any liability owed by or on behalf of the Customer to the Company, the associated entity or a third person.
Appears in 2 contracts