Authorization to Clearing Broker; Authorization to Robinhood Money Sample Clauses

Authorization to Clearing Broker; Authorization to Robinhood Money. I understand that when I elect to purchase Cryptocurrencies on the Robinhood Platform, I am authorizing and instructing RHC, on my behalf, to authorize and instruct Robinhood Financial to instruct Robinhood Securities, LLC (the "Clearing Broker") to accept such instruction to transfer the funds required for the transaction from my RHF Account to an account in the name of RHC (an “Entity Account”). In the event I do not have a RHF Account, I understand that when I elect to purchase Cryptocurrencies on the Robinhood Platform, I am authorizing and instructing RHC, on my behalf, to authorize and instruct RHY to accept such instruction to transfer the funds required for the transaction from my RHY Account to an Entity Account. I acknowledge that legal title to any such transferred funds will pass to RHC to effectuate settlement and that the Clearing Broker or RHY, as applicable, does not have the ability to monitor or recall the funds after such funds have been transferred to the external bank account. I agree to hold the Clearing Broker or RHY harmless with respect to the Clearing Broker or RHY, as applicable, accepting and following my instructions to transfer funds from my RHF Account or RHY Account to the applicable Entity Account. I hereby authorize and instruct the Clearing Broker or RHY, as applicable, to accept all instructions to deposit funds into my RHF Account or RHY Account from the applicable Entity Account at the sole instruction of RHF, RHY or RHC. I understand that I may revoke this authorization at any time by closing my RHC Account. I understand that the assets in my RHC Account are not held at the Clearing Broker or RHY. I understand that the Clearing Broker and RHY are not involved in the purchase, sale, execution, custody, or trading of Cryptocurrencies, and only take instructions regarding the transfer of funds as described in this Agreement.
Sample 1
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Related to Authorization to Clearing Broker; Authorization to Robinhood Money

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