Customer's Settlement Obligation. In the event Prime Broker indicates its intention not to settle or take up, or fails to settle or take up, any of Customer's transactions, Customer shall be responsible and liable to IB for settling such transactions directly with IB in a securities margin account or commodities account that IB will open or has opened in Customer's name on its books in accordance with applicable regulations. The provisions of Section B of this Agreement shall apply to such transactions.
Appears in 2 contracts
Samples: Interactive Brokers Institutional Services Customer Agreement (FactorShares 2X: Oil Bull/S&p500 Bear), Interactive Brokers Institutional Services Customer Agreement (FactorShares S&P Gold Premium)
Customer's Settlement Obligation. In the event Prime Broker indicates its intention not to settle or take up, or fails to settle or take up, any of Customer's transactions, Customer shall be responsible and liable to IB for settling such transactions directly with IB in a securities margin account or commodities account that IB will open or has opened in Customer's name on its books in accordance with applicable regulations. The provisions of Section B of this Agreement shall apply to such transactions.. D.
Appears in 1 contract
Samples: Kestenbaum Capital, LLC
Customer's Settlement Obligation. In the event Prime Broker indicates its intention not to settle or take up, or fails to settle or take up, any of Customer's ’s transactions, Customer shall be responsible and liable to IB for settling such transactions directly with IB in a securities margin account or commodities account that IB will open or has opened in Customer's ’s name on its books in accordance with applicable regulations. The provisions of Section B of this Agreement shall apply to such transactions.
Appears in 1 contract
Samples: Global Indemnity LTD
