Common use of Event of Death Clause in Contracts

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

Event of Death. It is further agreed that in the event of My death or the death of one of the joint account holders, the representative of My estate or the survivor or survivors shall must immediately give Ally Invest Company written notice thereof, and Ally Invest Company may, before or after receiving such notice, take such actionproceedings, require such papers and inheritance or estate tax waivers, retain such portion of and/or restrict transactions in the Investing Account as it may deem Company deems advisable to protect it Company against any tax, liability, penalty or loss under any present or future laws or otherwise. Notwithstanding the above, in the event of My death or the death of one of the joint account holders, and upon instruction from the trustee of My or such account holder’s estate or My or such account holder’s next of kin, all open orders shall will be canceled, but Ally Invest shall Company is not be responsible for any action taken on such orders prior to the actual receipt of notice of death. Further, Ally Invest Company may in its discretion close out any or all of the Investing Accounts without awaiting the appointment of a personal representative for My estate and without demand upon or notice to any such personal representative. The estate of any joint of the account holder holders who shall have died shall be is liable and each surviving joint account holder shall survivor will continue to be liable, jointly and severally, to Ally Invest Company 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 Ally Invest Company of the written notice of the death of the decedent or incurred in the liquidation of the Investing Account or the adjustment of the interests of the respective parties. Such notice shall does not affect Ally InvestCompany’s rights under this Public Brokerage Agreement to take any action that it Company could have taken if I had not died.

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

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