Deposit and Withdrawal of Securities. (a) You agree not to deposit, and that SoFi HK is under no obligation to accept for deposit, into your Account any Securities, cheques, bank drafts or other Property which are not in your name and some other person(s). If SoFi HK accepts for deposit any such Securities, cheques, bank drafts or other Property, you will indemnify SoFi HK for all loss and liability incurred by SoFi HK in connection therewith. (b) You agree not to transfer, and that SoFi HK is under no obligation to accept any instructions for the transfer of, any Securities and/or other Property from your Account to any other account which is not in your name. If SoFi HK accepts and acts on any such instructions, you will indemnify SoFi HK for all loss and liability incurred by SoFi HK in connection therewith. (c) Subject to your indebtedness, liability or other obligation to SoFi HK, SoFi HK may (but is not obliged to) permit you to withdraw fully paid Securities from your Account upon written notice to SoFi HK in the prescribed form available at the SoFi HK website and payment of any applicable fees. SoFi HK is not bound to deliver to you Securities identical to those originally delivered or deposited by you or purchased on your behalf but will deliver to you Securities of the same class, denomination, nominal amount and ranking.
Appears in 5 contracts
Samples: Customer Agreement, Customer Agreement, Customer Agreement
