Common use of Deposits of Collateral, Lien on Accounts, and Liquidation Clause in Contracts

Deposits of Collateral, Lien on Accounts, and Liquidation. In the event that additional collateral is requested, you may deposit cash or acceptable securities into your margin account. If satisfactory collateral is not promptly deposited after a request is made, Pershing may, at its discretion, liquidate securities held in the margin account. In this connection, pursuant to our Margin Agreement, Pershing retains a security interest in all securities and other property held in your accounts, including securities held for safekeeping, so long as any credit extended remains outstanding.

Deposits of Collateral, Lien on Accounts, and Liquidation. In the event that additional collateral is requested, you You may deposit cash or acceptable securities into your Your margin account. If satisfactory collateral is not promptly deposited after a request is made, Pershing may, at its discretion, liquidate securities held in the margin accountany of Your accounts. In this connection, pursuant to our Margin this Brokerage Agreement, Pershing retains a security interest in all securities and other property held in your Your accounts, including securities held for safekeeping, so long as any credit extended remains outstanding.

Deposits of Collateral, Lien on Accounts, and Liquidation. In the event that additional collateral is requested, you may deposit cash or acceptable securities into your margin account. If satisfactory collateral is not promptly deposited after a request is made, Pershing may, at its discretion, liquidate securities held in the margin accountany of your accounts. In this connection, pursuant to our Margin Agreement, Pershing retains a security interest in all securities and other property held in your accounts, including securities held for safekeeping, so long as any credit extended remains outstanding.