Common use of Event of Death Clause in Contracts

Event of Death. It is agreed, consistent with Section 14 herein, that in the event of the Customer’s death or the death of one of the joint Account holders, the representative of the Customer’s estate or the survivor or survivors shall immediately give the Broker written notice thereof, and the Broker may, before or after receiving such notice, take such proceedings, require such papers and inheritance or estate tax waivers, retain such portion of, or restrict transactions in the Account as the Broker may deem advisable to protect the Broker against any tax, liability, penalty or loss under any present or future laws or otherwise. Notwithstanding the above, in the event of the Customer’s death or the death of one of the joint Account holders, all open orders shall be canceled, but the Broker shall not be responsible for any action taken on such orders prior to the actual receipt of notice of death. Further, in the Broker’s discretion it may close out any or all of the Customer Accounts without awaiting the appointment of a personal representative for the Customer’s estate and without demand upon or notice to any such personal representative. The estate of any of the Customer Account holders who have died shall be liable and each survivor shall continue to be liable, jointly and severally, to the Broker for any net debit balance or loss in said account in any way resulting from the completion of transactions initiated prior to the receipt by the Broker of the written notice of the death of the decedent or incurred in the liquidation of the Customer Account or the adjustment of the interests of the respective parties, and for all other obligations pursuant to this Customer Agreement. Such notice shall not affect the Broker’s rights under this Customer Agreement to take any action that the Broker could have taken if the Customer had not died.

Event of Death. It is agreed, consistent with Section 14 herein, agreed that in the event of the Customer’s death or the death of one of the joint Account holders, the representative of the Customer’s estate or the survivor or survivors shall immediately give the Broker FTX written notice thereof, and the Broker FTX may, before or after receiving such notice, take such proceedings, require such papers and inheritance or estate tax waivers, retain such portion of, or restrict transactions in the Account as the Broker FTX may deem advisable to protect the Broker FTX against any tax, liability, penalty or loss under any present or future laws or otherwise. Notwithstanding the above, in the event of the Customer’s death or the death of one of the joint Account holders, all open orders shall be canceled, but the Broker FTX shall not be responsible for any action taken on such orders prior to the actual receipt of notice of death. Further, in the BrokerFTX’s discretion it may close out any or all of the Customer Accounts without awaiting the appointment of a personal representative for the Customer’s estate and without demand upon or notice to any such personal representative. The estate of any of the Customer Account holders who have died shall be liable and each survivor shall continue to be liable, jointly and severally, to the Broker FTX for any net debit balance or loss in said account in any way resulting from the completion of transactions initiated prior to the receipt by the Broker FTX of the written notice of the death of the decedent or incurred in the liquidation of the Customer Account or the adjustment of the interests of the respective parties, and for all other obligations pursuant to this Customer Agreement. Such notice shall not affect the BrokerFTX’s rights under this Customer Agreement to take any action that the Broker FTX could have taken if the Customer had not died.

Event of Death. It is agreed, consistent with Section 14 herein, agreed that in the event of the Customer’s death or the death of one of the joint Account holders, the representative of the Customer’s estate or the survivor or survivors shall immediately give the Broker written notice thereof, and the Broker may, before or after receiving such notice, take such proceedings, require such papers and inheritance or estate tax waivers, retain such portion of, or restrict transactions in the Account as the Broker may deem advisable to protect the Broker against any tax, liability, penalty or loss under any present or future laws or otherwise. Notwithstanding the above, in the event of the Customer’s death or the death of one of the joint Account holders, all open orders shall be canceled, but the Broker shall not be responsible for any action taken on such orders prior to the actual receipt of notice of death. Further, in the Broker’s discretion it may close out any or all of the Customer Accounts without awaiting the appointment of a personal representative for the Customer’s estate and without demand upon or notice to any such personal representative. The estate of any of the Customer Account holders who have died shall be liable and each survivor shall continue to be liable, jointly and severally, to the Broker for any net debit balance or loss in said account in any way resulting from the completion of transactions initiated prior to the receipt by the Broker of the written notice of the death of the decedent or incurred in the liquidation of the Customer Account or the adjustment of the interests of the respective parties, and for all other obligations pursuant to this Customer Agreement. Such notice shall not affect the Broker’s rights under this Customer Agreement to take any action that the Broker could have taken if the Customer had not died.

Event of Death. It is agreed, consistent with Section 14 herein, that in the event of the Customer’s death or the death of one of the joint Account holders, the representative of the Customer’s estate or the survivor or survivors shall immediately give the Broker Altruist written notice thereof, and the Broker Altruist may, before or after receiving such notice, take such proceedings, require such papers and inheritance or estate tax waivers, retain such portion of, or restrict transactions in the Account as the Broker Altruist may deem advisable to protect the Broker Altruist against any tax, liability, penalty or loss under any present or future laws or otherwise. Notwithstanding the above, in the event of the Customer’s death or the death of one of the joint Account holders, all open orders shall be canceled, but the Broker Altruist shall not be responsible for any action taken on such orders prior to the actual receipt of notice of death. Further, in the BrokerAltruist’s discretion it may close out any or all of the Customer Accounts without awaiting the appointment of a personal representative for the Customer’s estate and without demand upon or notice to any such personal representative. The estate of any of the Customer Account holders who have died shall be liable and each survivor shall continue to be liable, jointly and severally, to the Broker Altruist for any net debit balance or loss in said account in any way resulting from the completion of transactions initiated prior to the receipt by the Broker Altruist of the written notice of the death of the decedent or incurred in the liquidation of the Customer Account or the adjustment of the interests of the respective parties, and for all other obligations pursuant to this Customer Agreement. Such notice shall not affect the BrokerAltruist’s rights under this Customer Agreement to take any action that the Broker Altruist could have taken if the Customer had not died.

Event of Death. It is agreed, consistent with Section 14 herein, agreed that in the event of the Customer’s death or the death of one of the joint Account holders, the representative of the Customer’s estate or the survivor or survivors shall immediately give the Broker written notice thereof, and the Broker may, before or after receiving such notice, take such proceedings, require such papers and inheritance or estate tax waivers, retain such portion of, or restrict transactions in the Account as the Broker may deem advisable to protect the Broker against any tax, liability, penalty or loss Loss under any present or future laws or otherwise. Notwithstanding the above, in the event of the Customer’s death or the death of one of the joint Account holders, all open orders shall be canceled, but the Broker shall not be responsible for any action taken on such orders prior to the actual receipt of notice of death. Further, in the Broker’s discretion it may close out any or all of the Customer Accounts without awaiting the appointment of a personal representative for the Customer’s estate and without demand upon or notice to any such personal representative. The estate of any of the Customer Account holders who have died shall be liable and each survivor shall continue to be liable, jointly and severally, to the Broker for any net debit balance or loss Loss in said account in any way resulting from the completion of transactions initiated prior to the receipt by the Broker of the written notice of the death of the decedent or incurred in the liquidation of the Customer Account or the adjustment of the interests of the respective parties, and for all other obligations pursuant to this Customer Agreement. Such notice shall not affect the Broker’s rights under this Customer Agreement to take any action that the Broker could have taken if the Customer had not died.

Event of Death. It is agreed, consistent with Section 14 herein, further agreed that in the event of the Customer’s My death or the death of one of the joint Account account holders, the representative of the Customer’s My estate or the survivor or survivors shall must immediately give the Broker AIS written notice thereof, and the Broker AIS may, before or after receiving such notice, take such proceedingsaction, require such papers and inheritance or estate tax waivers, retain such portion of, or of and/or restrict transactions in the Account as the Broker it may deem advisable to protect the Broker it against any tax, liability, penalty or loss under any present or future laws or otherwise. Notwithstanding the above, in the event of the Customer’s My death or the death of one of the joint Account account holders, all open orders shall will be canceled, but the Broker shall AIS will not be responsible for any action taken on such orders prior to the actual receipt of notice of death. Further, AIS may in the Broker’s its discretion it may close out any or all of the Customer Accounts without awaiting the appointment of a personal representative for the Customer’s My estate and without demand upon or notice to any such personal representative. The estate of any of the Customer Account holders who have died shall deceased joint account holder will be liable and each survivor shall surviving joint account holder will continue to be liable, jointly and severally, to the Broker AIS for any net debit balance or loss in said account in any way resulting from the completion of transactions initiated prior to the receipt by the Broker AIS of the written notice of the death of the decedent or incurred in the liquidation of the Customer Account or the adjustment of the interests of the respective parties, and for all other obligations pursuant to this Customer Agreement. Such notice shall will not affect the Broker’s AIS’ rights under this Customer Agreement to take any action that the Broker it could have taken if the Customer I had not died.