Callable Securities. Securities which are held for your account and which are in "street name," or are being held by a securities depository, are commingled with the same securities being held for other customers of introducing firms and for Pershing's own customers. Your ownership of these securities is reflected in our records. You have the right at any time to require delivery to you of any such securities which are fully paid for or are in excess of margin requirements. The terms of many bonds allow the issuer to partially redeem or "call" the issue prior to maturity date. Certain preferred stocks are also subject to being called by the issuer. Whenever any such security being held by us is partially "called," we will determine, through a random selection procedure as prescribed by New York Stock Exchange Rules, the ownership of the securities to be submitted for redemption. In the event that such securities owned by you are selected and redeemed, your account will be credited with the proceeds. Should you not wish to be subject to this random selection process, you must instruct your introducing firm to have Pershing deliver your securities to you. Delivery will be effected provided, of course, that your position is unencumbered or had not already been called by the issuer as described, prior to receipt by Pershing of your instructions. The probability of one of your securities being called is the same whether they are held by you or by Pershing for you.
Callable Securities. 2(b) Call Purchase Event.......................... 5(a) Call Option.................................. 2(b) Change in Control............................ 15(b) Class I Stockholder..........................
Callable Securities. Allocation procedures for a partial call, pre-refund, or defeasement can be found at xxx.xxxxxx.xxx: “Important Disclosures,” “Callable Securities.” Hard copies of the allocation procedures will be provided upon request.
Callable Securities. HTS, in accordance with FINRA Rule 4340 (Callable Securities), has a lottery process in place which will allocate among its customers, on a fair and impartial basis, the securities to be redeemed or selected as called in the event of a partial redemption or call. You may access the firm’s allocation procedures on the firm’s website at xxx.xxxxxxxxxxxxxxxxx.xxx. HTS will provide hard copies of the allocation procedures upon request.
Callable Securities. For assets held at LPL, securities which are held for the Plan’s account and which are in "street name," or are being held by a securities depository, are commingled with the same securities being held for other customers of LPL. The Plan’s ownership of these securities is reflected in LPL’s records. The Plan has the right at any time to require delivery to you of any such securities which are fully paid for or are in excess of margin requirements. The terms of many bonds allow the issuer to partially redeem or "call" the issue prior to maturity date. Certain preferred stocks are also subject to being called by the issuer. Whenever any such security being held by LPL is partially "called," LPL will determine, through a random selection procedure as prescribed by DTC, the ownership of the securities to be submitted for redemption without regard to unsettled sales. In the event that such securities owned by the Plan are selected, the Plan’s account will be credited with the proceeds. Should you not wish to be subject to this random selection process, the Plan must instruct the Representative to have LPL deliver the Plan’s securities to you. Delivery will be effected provided, of course, that your position is unencumbered or had not already been called by the issuer as described prior to receipt by LPL of your instructions. Note that if you take delivery of the securities they are still subject to call by the issuer. The probability of one of the Plan’s securities being called is the same whether they are held by the Plan or by LPL for the Plan. Please refer to the Disclosure webpage for information regarding LPL’s callable securities allocation process.
Callable Securities. In the event of a partial redemption or call of securities,Xxxxxxx will, in accordance with FINRA Rule 4340 (Callable Securities), allocate thesecurities to be redeemed or selected as called, in a fair, impartial, and pro rata basis.
Callable Securities. When the Bank shall hold on the Client’s behalf bonds or stocks in street or bearer form which are callable in part, the Client agrees to participate in the impartial lottery allocation system of the called securities in accord ance with the provisions of the rules of the New York Stock Exchange, Inc., or any other appropriate self-regulatory organization. Further, the Client understands when the call is favorable, no allocation will be made to any account in which the Bank, or its officers or employees, have a financial interest until all other customers are satisfied on an impartial lottery basis.
Callable Securities. I consent to AQUAS’ lottery system for allocation of redemptions, partial redemptions, or calls. A description of AQUAS procedures for callable securities is available on AQUAS website, or hard copies are available upon request.
Callable Securities. Baird maintains policies and procedures designed to ensure the fair and impartial allocation of securities among all clients in the event of a partial call or redemption of such securities prior to maturity. A description of these policies and procedures is available at bairdwealth.com/retailinvestor.
Callable Securities. Securities which are held for your account and which are in “street name,” or are being held by a securities depository, are commingled with Should you not wish to be subject to this random selection process, you must instruct your Introducing Financial Organization to have Pershing deliver your securities to you. Delivery will be effected provided, of course, that your position is unencumbered or had not already been called by the issuer as described, prior to receipt by Pershing of your instructions. The probability of one of your securities being called is the same whether they are held by you or by Pershing for you.
