Common use of Accounts with Minors Clause in Contracts

Accounts with Minors. 6.1 We may (but shall not be obliged to) allow your application to operate a Joint Account on a joint basis with a Minor, subject always to the following: (a) we may impose such conditions and/or restrictions on the operation of the Joint Account and/or the availability of the Services as we may in our absolute discretion consider appropriate; (b) we shall have the right to (i) decline to execute any Instruction given by the Minor without assigning any reason thereof or (ii) require the parent or legal guardian of the Minor to consent to any such Instruction prior to us acting on the same; and (c) you agree that you shall at all times be responsible for all Instructions given by the Minor in relation to such Joint Account and for ensuring the Minor’s compliance with this Agreement and/or any Applicable Agreement. 6.2 You further undertake to indemnify and to hold us harmless against any claim, demand, action and proceeding that may be brought against us, and any Losses which we may incur or suffer, arising out of or in connection with us acting upon or carrying out any Instruction given by the Minor.