Security for Indebtedness / Hypothec for Clients in Quebec Clause Samples

Security for Indebtedness / Hypothec for Clients in Quebec. The Client hereby pledges to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ all of the Securities and credit balances held, carried or maintained for any purpose in or through any of the Client’s accounts with ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and/or Canaccord Genuity in its capacity as carrying broker for ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, whether owned individually, jointly or in the name of another person or entity over which the Client has authority or in which the Client has a beneficial interest, by ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ for the Account from time to time as continuing collateral security for the payment of any indebtedness to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ arising for any reason, including, without limitation, any fees or other expenses payable in connection with any Account and any liability arising by reason of any guarantee by the Client of the account of any other person, whether or not any amount owing relates to the collateral pledged. The Client further agrees that, if it utilizes margin, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ may borrow money to lend to the Client and pledge the Client’s securities as collateral for such loans. The Client authorizes ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to lend to itself, our Affiliates, or to others, without notice to the Client, any securities in the margin credit portion of the Client’s Account, together with all attendant rights of ownership, either separately or together with the securities of other margin clients. In connection with such loans, as well as securities loans made to the Client to facilitate short sales, the Client authorizes ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to receive and retain certain benefits, including, but not limited to, interest on the Client’s collateral pledged for such loans. In addition, the Client authorizes ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ to receive compensation in connection with such loans. The Client acknowledges that, in some circumstances, such loans may limit the Client’s ability to exercise voting rights and/or participate in corporate actions relating to the securities loaned. For Clients in Quebec: Client hereby grants to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (and upon each delivery thereof) a hypothec in the amount of one million dollars, plus interest at the rate of interest described in the Client’s monthly or quarterly account statements, on all present and future collateral as security for all of the Client’s indebtedness and obligations, present or future, matured or contingent up to a maximum of one million dollars. This amount may differ pursuant to a written agreement between the Client and ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ which has been approved by an officer of ▇▇▇▇▇▇ ...
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Related to Security for Indebtedness / Hypothec for Clients in Quebec

  • Security for Obligations This Agreement secures, and the Collateral is collateral security for, the prompt and complete payment or performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including the payment of amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. §362(a) (and any successor provision thereof)), of all Obligations with respect to every Grantor (the “Secured Obligations”).

  • Designated Senior Indebtedness The Loan Documents and all of the Obligations have been deemed “Designated Senior Indebtedness” or a similar concept thereto, if applicable, for purposes of any other Indebtedness of the Loan Parties.

  • Trustee's Relation to Senior Indebtedness The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article XII in respect of any Senior Indebtedness of the Company at any time held by it, to the same extent as any other holder of Senior Indebtedness of the Company and nothing elsewhere in this Indenture shall deprive the Trustee of any of its rights as such holder. With respect to the holders of Senior Indebtedness of the Company, the Trustee undertakes to perform or to observe only such of its covenants and obligations as are specifically set forth in this Article XII, and no implied covenants or obligations with respect to the holders of Senior Indebtedness of the Company shall be read into this Indenture against the Trustee. The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Indebtedness of the Company and the Trustee shall not be liable to any holder of Senior Indebtedness of the Company if it shall pay over or deliver to holders of Securities, the Company or any other Person money or assets to which any holder of Senior Indebtedness of the Company shall be entitled by virtue of this Article XII or otherwise.

  • Security for Secured Obligations This Patent Security Agreement and the Security Interest created hereby secures the payment and performance of the Secured Obligations, whether now existing or arising hereafter. Without limiting the generality of the foregoing, this Patent Security Agreement secures the payment of all amounts which constitute part of the Secured Obligations and would be owed by Grantors, or any of them, to Agent, the other members of the Lender Group, the Bank Product Providers or any of them, whether or not they are unenforceable or not allowable due to the existence of an Insolvency Proceeding involving any Grantor.

  • Security for the Obligations To secure the payment and performance by Borrowers of the Obligations hereunder, each Borrower grants, under and pursuant to the Security Agreement executed by Borrowers dated as of the date hereof, to Lender, its successors and assigns, a continuing, first-priority security interest in, and does hereby assign, transfer, mortgage, convey, pledge, hypothecate and set over to Lender, its successors and assigns, all of the right, title and interest of each Borrower in and to the Collateral, whether now owned or hereafter acquired, and all proceeds (including, without limitation, all insurance proceeds) and products of any of the Collateral. At any time upon Lender’s request, Borrowers shall execute and deliver to Lender any other documents, instruments or certificates requested by Lender for the purpose of properly documenting and perfecting the security interests of Lender in and to the Collateral granted hereunder, including any additional security agreements, mortgages, control agreements, and financing statements.