Ownership of the Collateral. Client represents and warrants that the Collateral is legally and beneficially owned by the Client, that the Client is entitled to deposit the Collateral with CIF or its Associates, that the same is and will remain free from any lien, charge or encumbrance of any kind, and any stocks, shares and other securities comprised in the Collateral are and will be fully paid up.
Appears in 3 contracts
Sources: Securities and Futures Client Agreement, Securities and Futures Client Agreement, Securities and Futures Client Agreement
Ownership of the Collateral. The Client represents and warrants that the Collateral is legally and beneficially owned by the Client, that the Client is entitled to deposit the Collateral with CIF or its Associates, that the same is and will remain free from any lien, charge or encumbrance of any kind, and any stocks, shares and other securities comprised in the Collateral are and will be fully paid up.
Appears in 2 contracts
Sources: Securities and Futures Client Agreement, Securities and Futures Client Agreement