Common use of Automated Customer Account Transfer Service Clause in Contracts

Automated Customer Account Transfer Service. I understand and agree that Robinhood Financial may, in its discretion, and I hereby authorize Robinhood Financial to, reject the complete transfer of securities I may hold in my RHF Account out to another brokerage account through the Automated Customer Account Transfer Service (“ACATS”) if I have a nonzero Cryptocurrency balance in my RHC Account, until such time as I have liquidated my Cryptocurrency holdings in my RHC Account. I further understand that I may request a full transfer of the funds and securities in my RHF Account, and that RHF may accept that transfer request, but such request will not result in the transfer of the Cryptocurrencies, if any, in my RHC Account. I hereby agree and consent, that in the event I request a full transfer of funds and securities in my RHF Account to another brokerage account through the ACATS process, and I or my agent(s) inform you of such a request, I agree and consent that you may, in your discretion, promptly liquidate any remaining assets then held in my RHC Account and close my RHC Account in accordance with the terms of this Agreement, including without limitation the terms of Section 3(d) and Section 10.