Common use of AUTHORIZATION TO DEBIT ACCOUNT Clause in Contracts

AUTHORIZATION TO DEBIT ACCOUNT. The Client hereby authorizes the Custodian to deduct all Management Fees from the Client’s Account quarterly. The Client agrees to indemnify and hold the Firm and custodian, and their respective directors, officers, employees, representatives, agents and control persons harmless from all liabilities and costs, including attorney’s fees, which they may incur by acting in reliance upon this authorization. This authorization will remain in full force and effect until revoked by the Client in writing, delivered personally or sent by registered or certified mail to the Firm. The Client further understands that revocation of this authorization could result in the termination of the Account. It is the responsibility of the Client to verify the accuracy of the fee calculation.

Appears in 5 contracts

Samples: Agreement, Agreement, Agreement

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