Common use of Holding and Pledging of Securities Clause in Contracts

Holding and Pledging of Securities. Any and all property, including credit balances held in any of your Accounts for any purpose, and including any property in which you have an interest (collectively, the Collateral) will be held by the Firm for your indebtedness at a location of our choice. Any securities and cash of yours that the Firm holds at any time when you are indebted to us may, without notice to you, be pledged by the Firm as security for any of our indebtedness for more or less than the amount due by you to the Firm. Any such pledge may be made separately or together with the other securities the Firm holds. The Firm may lend any of your securities or any part of them either separately or together with other securities the Firm is holding and may choose which securities to lend from time to time based on market demand. You acknowledge that the Firm, or parties related to us, may earn revenue from securities lending activities. We may cancel your access to margin at our discretion at any time without prior notice to you. So long as any indebtedness remains unpaid, you authorize the Firm, without notice, to use, at any time and from time to time, the Collateral in the conduct of the Firm’s business, including the right to: (a) combine any of the Collateral with the property of the Firm or other clients property or both; (b) pledge any of the Collateral which is held in the Firm’s possession as security for our own indebtedness; (c) lend any of the Collateral to the Firm for our own purposes; or

Holding and Pledging of Securities. Any and all property, including credit balances held or carried in any of your Accounts accounts for any purpose, and including any property in which you have an interest (collectively, the “Collateral”) will be held by the Firm us for your indebtedness at a location of our choice. Any securities and cash of yours that the Firm holds we hold at any time when you are indebted to us may, without notice to you, be pledged by the Firm us as security for any of our indebtedness for more or less than the amount due by you to the Firmus. Any such pledge may be made separately or together with the other securities the Firm holdswe hold. The Firm We may lend any of your securities or any part of them either separately or together with other securities the Firm is we are holding and may choose which securities to lend from time to time based on market demand. You acknowledge that the Firmwe, or parties related to us, may earn revenue from securities lending activities. We may cancel your access to margin at our discretion at any time without prior notice to you. So long as any indebtedness Indebtedness remains unpaid, you authorize the Firmus, without notice, to use, use at any time and from time to time, time the Collateral in the conduct of the Firm’s our business, including the right to: (a) combine any of the Collateral with the our property of the Firm or other clients property or both; (b) pledge any of the Collateral which is held in the Firm’s our possession as security for our its own indebtedness; (c) lend any of the Collateral to the Firm us for our own purposes; oror (d) use any of the Collateral for making delivery against a sale, whether a short sale or otherwise and whether such sale is for the account or for the account of any other client of ours.

Holding and Pledging of Securities. Any and all property, including credit balances held or carried in any of your Accounts accounts for any purpose, and including any property in which you have an interest (collectively, the “Collateral”) will be held by the Firm us for your indebtedness at a location of our choicechoice . Any securities and cash of yours that the Firm holds we hold at any time when you are indebted to us may, without notice to you, be pledged by the Firm us as security for any of our indebtedness for more or less than the amount due by you to the Firmus . Any such pledge may be made separately or together with the other securities the Firm holdswe hold . The Firm We may lend any of your securities or any part of them either separately or together with other securities the Firm is we are holding and may choose which securities to lend from time to time based on market demanddemand . You acknowledge that the Firmwe, or parties related to us, may earn revenue from securities lending activitiesactivities . We may cancel your access to margin at our discretion at any time without prior notice to youyou . So long as any indebtedness Indebtedness remains unpaid, you authorize the Firmus, without notice, to use, use at any time and from time to time, time the Collateral in the conduct of the Firm’s our business, including the right to: (a) combine any of the Collateral with the our property of the Firm or other clients property or both; (b) pledge any of the Collateral which is held in the Firm’s our possession as security for our its own indebtedness; (c) lend any of the Collateral to the Firm us for our own purposes; oror (d) use any of the Collateral for making delivery against a sale, whether a short sale or otherwise and whether such sale is for the account or for the account of any other client of ours .