Common use of AUTOMATIC CASH SWEEP PROGRAM Clause in Contracts

AUTOMATIC CASH SWEEP PROGRAM. By signing the Account Application, Client is selecting and agreeing, with respect to assets held at LPL, to have cash balances in the Account transferred automatically into a sweep program, depending on the type of Account. Below is a summary of the general terms and conditions of the sweep programs offered by LPL. The applicable sweep program will be implemented upon LPL’s acceptance of the Account, as discussed above. Pending our acceptance, cash balances not otherwise invested at your direction will be held in the Account as a free credit balance, as discussed more fully below.

AUTOMATIC CASH SWEEP PROGRAM. By signing the Account Application, Client is selecting and agreeing, with respect to assets held at LPL, agreeing to have cash balances in the Account transferred automatically into a sweep program, depending on the type of Account. Below is a summary of the general terms and conditions of the sweep programs offered by LPL. The applicable sweep program will be implemented upon LPL’s acceptance of the Account, as discussed above. Pending our acceptance, cash balances not otherwise invested at your direction will be held in the your Account as a free credit balance, as discussed more fully below.

AUTOMATIC CASH SWEEP PROGRAM. By signing the Account Application, Client is selecting and agreeing, with respect to assets held at LPL, agreeing to have cash balances in the Account transferred automatically into a sweep program, depending on the type of Account. Below is a summary of the general terms and conditions of the sweep programs offered by LPL. The applicable sweep program will be implemented upon LPL’s acceptance of the Account, as discussed above. Pending our acceptance, cash balances not otherwise invested at your direction will be held in the Account as a free credit balance, as discussed more fully below.

AUTOMATIC CASH SWEEP PROGRAM. By signing the Account Application, Client is selecting and agreeing, with respect to assets held at LPL, to have cash balances in the Account transferred automatically into a sweep program, depending on the type of Account. Below is a summary of the general terms and conditions of the sweep programs offered by LPL. The applicable sweep program will be implemented upon LPL’s acceptance of the Account, as discussed above. Pending our acceptance, cash balances not otherwise invested at your direction will be held in the Account as a free credit balance, as discussed more fully below.

AUTOMATIC CASH SWEEP PROGRAM. By signing the Account Application, Client is selecting and agreeing, with respect to assets held at LPL, to have cash balances in the Account transferred automatically into a sweep program, depending on the type of Account. Below is a summary of the general terms and conditions of the sweep programs offered by LPL. The applicable sweep program will be implemented upon LPL’s acceptance of the Account, as discussed above. Pending our acceptance, cash balances not otherwise invested at your direction will be held in the Account your account as a free credit balance, as discussed more fully below.