Common use of AUTHORIZATION TO DEBIT ACCOUNT Clause in Contracts

AUTHORIZATION TO DEBIT ACCOUNT. Client hereby authorizes LPL to debit the Account Fee and any additional fees or charges payable pursuant to Section 7 directly from the Account. It is agreed by Client and LPL that fees will be payable, first, from free credit balances, if any, in the Account, and second, from the liquidation or withdrawal (which Client hereby authorizes) by LPL of Client’s shares of any money market fund balances in any money market account, or balances in any ICA or DCA, if applicable. LPL reserves the right to liquidate at any time a portion of the other assets in the Account to cover the Account Fee or other charges. Certain Accounts may establish procedures to pay the Account Fee directly rather than through a debit to the Account. Any different method of billing the Account Fee may result in the imposition of additional charges to cover the administrative costs of billing.

Appears in 3 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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AUTHORIZATION TO DEBIT ACCOUNT. Client hereby authorizes LPL to debit the all Account Fee and any additional fees or charges Fees payable pursuant to Section 7 6 directly from the Account. It is agreed by Client and LPL that fees the Account Fee will be payable, first, from free credit balances, if any, in the Account, and second, from the liquidation or withdrawal (which Client hereby authorizes) by LPL of Client’s shares of any the money market fund balances in any money market account, or balances in any ICA or DCA, if applicableas the case may be. LPL reserves the right to liquidate at any time a portion of the other assets in the Account to cover the Account Fee or other charges. Certain Accounts accounts may establish procedures to pay the Account Fee directly rather than through a debit to the Account. Any different method of billing the Account Fee Fees may result in the imposition of additional charges to cover the administrative costs of billing.

Appears in 3 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

AUTHORIZATION TO DEBIT ACCOUNT. Client hereby authorizes LPL to debit the all Account Fee and any additional fees or charges Fees payable pursuant to Section 7 16 directly from the Account. It is agreed by Client and LPL that fees the Account Fee will be payable, first, from free credit balances, if any, in the Account, and second, from the liquidation or withdrawal (which Client hereby authorizes) by LPL of Client’s shares of any the money market fund balances in any money market accountor the insured cash account (“ICA”) or the deposit cash account (“DCA”), or balances in any ICA or DCA, if applicableas the case may be. LPL reserves the right to liquidate at any time a portion of the other assets in the Account to cover the Account Fee or other charges. Certain Accounts accounts may establish procedures to pay the Account Fee directly rather than through a debit to the Account. Any different method of billing the Account Fee Fees may result in the imposition of additional charges to cover the administrative costs of billing.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

AUTHORIZATION TO DEBIT ACCOUNT. Client hereby authorizes LPL to debit the all Account Fee and any additional fees or charges Fees payable pursuant to Section 7 16 directly from the Account. It is agreed by Client and LPL that fees the Account Fee will be payable, first, from free credit balances, if any, in the Account, and second, from the liquidation or withdrawal (which Client hereby authorizes) by LPL of Client’s shares of any the money market fund balances in any money market accountor insured cash account (“ICA”) or deposit cash account (“DCA”), or balances in any ICA or DCA, if applicableas the case may be. LPL reserves the right to liquidate at any time a portion of the other assets in the Account to cover the Account Fee or other charges. Certain Accounts accounts may establish procedures to pay the Account Fee directly rather than through a debit to the Account. Any different method of billing the Account Fee Fees may result in the imposition of additional charges to cover the administrative costs of billing.

Appears in 2 contracts

Samples: Account Agreement, Account Agreement

AUTHORIZATION TO DEBIT ACCOUNT. Client hereby authorizes LPL to debit the all Account Fee and any additional fees or charges Fees payable pursuant to Section 7 16 directly from the Account. It is agreed by Client and LPL that fees the Account Fee will be payable, first, from free credit balances, if any, in the Account, and second, from the liquidation or withdrawal (which the Client hereby authorizes) by LPL of the Client’s shares of any the money market fund balances in any money market accountor the insured cash account (“ICA”) or the deposit cash account (“DCA”), or balances in any ICA or DCA, if applicableas the case may be. LPL reserves the right to liquidate at any time a portion of the other assets in the Account to cover the Account Fee or other charges. Certain Accounts accounts may establish procedures to pay the Account Fee directly rather than through a debit to the Account. Any different method of billing the Account Fee Fees may result in the imposition of additional charges to cover the administrative costs of billing.

Appears in 1 contract

Samples: Account Agreement

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AUTHORIZATION TO DEBIT ACCOUNT. Client hereby authorizes LPL to debit the all Account Fee and any additional fees or charges Fees payable pursuant to Section 7 6 directly from the Account. It is agreed by Client and LPL that fees the Account Fee will be payable, first, from free credit balances, if any, in the Account, and second, from the liquidation or withdrawal (which the Client hereby authorizes) by LPL of the Client’s shares of any the money market fund balances in any money market account, or balances in any ICA or DCA, if applicableas the case may be. LPL reserves the right to liquidate at any time a portion of the other assets in the Account to cover the Account Fee or other charges. Certain Accounts accounts may establish procedures to pay the Account Fee directly rather than through a debit to the Account. Any different method of billing the Account Fee Fees may result in the imposition of additional charges to cover the administrative costs of billing.

Appears in 1 contract

Samples: Account Agreement

AUTHORIZATION TO DEBIT ACCOUNT. Client hereby authorizes LPL to debit the all Account Fee and any additional fees or charges Fees payable pursuant to Section 7 16 directly from the Account. It is agreed by Client and LPL that fees the Account Fee will be payable, first, from free credit balances, if any, in the Account, and second, from the liquidation or withdrawal (which the Client hereby authorizes) by LPL of the Client’s shares of any the money market fund balances in any money market accountor insured cash account (“ICA”) or deposit cash account (“DCA”), or balances in any ICA or DCA, if applicableas the case may be. LPL reserves the right to liquidate at any time a portion of the other assets in the Account to cover the Account Fee or other charges. Certain Accounts accounts may establish procedures to pay the Account Fee directly rather than through a debit to the Account. Any different method of billing the Account Fee Fees may result in the imposition of additional charges to cover the administrative costs of billing.

Appears in 1 contract

Samples: Account Agreement

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