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 18 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 the insured cash account (“ICA”) or deposit cash account (‘DCA”), if applicable. 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.

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 18 directly from the Client’s 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 money market fund or balances in any money market account, and third, from funds in the insured cash account (“ICA”) or deposit cash account (‘DCA”)account, if applicable. Certain Accounts accounts may establish procedures to pay the Account Fee directly rather than through a debit to the Accountaccount. Any different method of billing the Account Fee Fees may result in the imposition of additional charges to cover the administrative costs of billing.