Common use of Negative Pledge Clause in Contracts

Negative Pledge. You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash margin transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held.

Negative Pledge. You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash or non-cash margin transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held.

Negative Pledge. You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash margin Margin transferred to us, except a lien routinely imposed on all securities Securities in a clearing system in which such securities Securities may be held.

Negative Pledge. You undertake neither to create nor to have outstanding any security interest whatsoever overSecurity Interest whatsoever, nor to agree to assign or transfer, any of the cash margin or non-cash Margin transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held.

Negative Pledge. You undertake neither to create nor to have outstanding any security Security interest whatsoever over, nor to agree to assign or transfer, any of the cash margin or non-cash Margin transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held.

Negative Pledge. You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash or non­cash margin transferred to us, except a lien routinely imposed on all securities in a clearing clear­ ing system in which such securities may be held.

Negative Pledge. You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash or non­cash margin transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held.

Negative Pledge. You undertake neither Except for a lien usually placed on all securities in a clearing system in which such securities may be kept, you agree not to create nor to or have outstanding any security Security interest whatsoever overin, nor to agree to assign or transfer, any of the cash margin transferred or non-cash Margin given to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held.

Negative Pledge. You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash margin transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held. In addition, and without prejudice to any rights to which we may be entitled under this Agreement or any Applicable Regulations, we shall have a general lien on all cash held by us or our Associates or our nominees on your behalf until the satisfaction of the Secured Obligations.

Negative Pledge. You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash margin or non-cash Margin transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held.

Negative Pledge. You undertake neither not to create nor to generate or have outstanding any unpaid security interest whatsoever overwhatsoever, nor to agree to assign allocate or transfer, transfer any of the cash or non-cash margin transferred to us, except a with the exception of any lien routinely imposed on all securities in a clearing system in which where such securities may be held.

Negative Pledge. You undertake neither to create nor to have outstanding any security interest whatsoever overSecurity Interest whatsoever, nor to agree to assign or transfer, any of the cash or non-cash margin transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held.

Negative Pledge. You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash or non‐cash margin transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held.

Negative Pledge. You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash margin transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held.

Negative Pledge. You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash margin transferred to us, except a lien or pledge routinely imposed on all securities in a clearing system in which such securities may be held.

Negative Pledge. You undertake neither Except for a lien usually placed on all securities in a clearing system in which such securities may be kept, you agree not to create nor to or have outstanding any security Security interest whatsoever overin, nor to agree to assign or transfer, any of the cash margin transferred or non-cash Margin given to us. Margin supplied by you to cover any of our obligations to an intermediate broker or Market, except including obligations owed as a lien routinely imposed on all securities in a clearing system in which such securities may be heldresult of our or other clients' holdings.

Negative Pledge. You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash margin transferred to us, except a lien routinely imposed on all securities property in a clearing system in which such securities property may be held.

Negative Pledge. You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash or no-cnash margin transferred to us, except a lien routinely imposed on all securities in securitiesin a clearing system in which such securities may be held. f yours or any other person, grant a security interest over margin provided by you to cover any of our obligations to an intermediate broker or Market, including obligations owed by virtue of the positions held by us or other of our clients.

Negative Pledge. You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash or non- cash margin transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held.

Negative Pledge. You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash margin [or non- cash margin] transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held.

Negative Pledge. You undertake neither to create nor to have outstanding any security interest whatsoever over, nor to agree to assign or transfer, any of the cash margin [or non-cash margin] transferred to us, except a lien routinely imposed on all securities in a clearing system in which such securities may be held.