Common use of AUTHORIZATION TO DEBIT ACCOUNT Clause in Contracts

AUTHORIZATION TO DEBIT ACCOUNT. Client hereby authorizes LPL to debit all Account Fees payable pursuant to Section 6 directly from the Account. It is agreed by Client and LPL that 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 the money market fund or balances in ICA or DCA, as 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 may establish procedures to pay the Account Fee directly rather than through a debit to the Account. Any different method of billing Account 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

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AUTHORIZATION TO DEBIT ACCOUNT. Client hereby authorizes LPL to debit all the Account Fees Fee and any additional fees or charges payable pursuant to Section 6 7 directly from the Account. It is agreed by Client and LPL that the Account Fee 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 the any money market fund balances in any money market account, or balances in any ICA or DCA, as the case may beif 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 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 Fees 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

AUTHORIZATION TO DEBIT ACCOUNT. Client hereby authorizes LPL to debit all Account Fees payable pursuant to Section 6 16 directly from the Account. It is agreed by Client and LPL that 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 the money market fund or balances in ICA insured cash account (“ICA”) or deposit cash account (“DCA”), as 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 may establish procedures to pay the Account Fee directly rather than through a debit to the Account. Any different method of billing Account 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 all Account Fees payable pursuant to Section 6 16 directly from the Account. It is agreed by Client and LPL that 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 the money market fund or balances in ICA the insured cash account (“ICA”) or the deposit cash account (“DCA”), as 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 may establish procedures to pay the Account Fee directly rather than through a debit to the Account. Any different method of billing Account 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 all Account Fees payable pursuant to Section 6 directly from the Account. It is agreed by Client and LPL that 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 the money market fund or balances in ICA or DCA, as 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 may establish procedures to pay the Account Fee directly rather than through a debit to the Account. Any different method of billing Account 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 all Account Fees payable pursuant to Section 6 16 directly from the Account. It is agreed by Client and LPL that 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 the money market fund or balances in ICA insured cash account (“ICA”) or deposit cash account (“DCA”), as 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 may establish procedures to pay the Account Fee directly rather than through a debit to the Account. Any different method of billing Account 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 all Account Fees payable pursuant to Section 6 16 directly from the Account. It is agreed by Client and LPL that 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 the money market fund or balances in ICA the insured cash account (“ICA”) or the deposit cash account (“DCA”), as 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 may establish procedures to pay the Account Fee directly rather than through a debit to the Account. Any different method of billing Account 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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