Common use of Hypothecation Clause in Contracts

Hypothecation. Within the limitations imposed by applicable laws, rules and regulations, all securities now or hereafter held by the Broker, or carried by the Broker in any Customer Account (either individually or jointly with others), or deposited to secure them, may from time to time, without any notice, be carried in the Broker’s general loans and may be pledged, repledged, hypothecated or re-hypothecated, separately or in common with other securities for the sum due to the Customer thereon or for a greater sum and without retaining in the Customer possession or control for delivery a like amount of similar securities. The IRS requires Broker- Dealers to treat dividend payments on loaned securities positions as payments received in lieu of dividends for 1099 tax reporting purposes. Taxation of substitute dividend payments may be greater than ordinary on qualified dividends. It is understood, however, that the Broker agrees to deliver to the Customer upon demand and upon payment of the full amount due thereon, all securities in such accounts, but without obligation to deliver the same certificates or securities deposited by the Customer originally. Any securities in the Customer’s margin account may be borrowed by the Broker, or lent to others.

Hypothecation. Within the limitations imposed by applicable laws, rules and regulations, all securities now or hereafter held by the Broker, or carried by the Broker in any Customer Account (either individually or jointly with others), or deposited to secure them, may from time to time, without any notice, be carried in the Broker’s general loans and may be pledged, repledged, hypothecated or re-hypothecated, separately or in common with other securities for the sum due to the Customer thereon or for a greater sum and without retaining in the Customer possession or control for delivery a like amount of similar securities. The IRS requires Broker- Broker-Dealers to treat dividend payments on loaned securities positions as payments received in lieu of dividends for 1099 tax reporting purposes. Taxation of substitute dividend payments may be greater than ordinary on qualified dividends. It is understood, however, that the Broker agrees to deliver to the Customer upon demand and upon payment of the full amount due thereon, all securities in such accounts, but without obligation to deliver the same certificates or securities deposited by the Customer originally. Any securities in the Customer’s margin account may be borrowed by the Broker, or lent to others.

Hypothecation. Within the limitations imposed by applicable laws, rules and regulations, all securities now or hereafter held by the BrokerAltruist, or carried by the Broker Altruist in any Customer Account (either individually or jointly with others), or deposited to secure them, may from time to time, without any notice, be carried in the BrokerAltruist’s general loans and may be pledged, repledged, hypothecated or re-hypothecated, separately or in common with other securities for the sum due to the Customer thereon or for a greater sum and without retaining in the Customer possession or control for delivery a like amount of similar securities. The IRS requires Broker- Broker-Dealers to treat dividend payments on loaned securities positions as payments received in lieu of dividends for 1099 tax reporting purposes. Taxation of substitute dividend payments may be greater than ordinary on qualified dividends. It is understood, however, that the Broker Xxxxxxxx agrees to deliver to the Customer upon demand and upon payment of the full amount due thereon, all securities in such accounts, but without obligation to deliver the same certificates or securities deposited by the Customer originally. Any securities in the Customer’s margin account may be borrowed by the BrokerAltruist, or lent to others.

Hypothecation. Within the limitations imposed by applicable laws, rules and regulations, all securities now or hereafter held by the Broker, or carried by the Broker in any Account for Customer Account (either individually or jointly with others), or deposited to secure themsame, may from time to time, without any notice, be carried in the BrokerCustomer’s general loans and may be pledged, repledged, hypothecated or re-hypothecated, separately or in common with other securities for the sum due to the Customer thereon or for a greater sum and without retaining in the Customer Customer’s possession or control for delivery a like amount of similar securities. The IRS requires Broker- Broker Dealers to treat dividend payments on loaned securities positions as payments received in lieu of dividends for 1099 tax reporting purposes. Taxation of substitute dividend payments may be greater than ordinary the rate of taxation on qualified dividends. It is understood, however, that the Broker Xxxxxx agrees to deliver to the Customer Customer, upon demand and upon payment of the full amount due thereon, all securities in such accounts, but without obligation to deliver the same certificates or securities deposited by the Customer originally. Any securities in the Customer’s margin or short account may be borrowed by the BrokerCustomer, or lent to others.

Hypothecation. Within the limitations imposed by applicable laws, rules and regulations, all securities now or hereafter held by the BrokerRobinhood, or carried by the Broker Robinhood in any account for the Customer Account (either individually or jointly with others), or deposited to secure themsame, may from time to time, without any notice, be carried in the Broker’s its general loans and may be pledged, repledged, hypothecated or re-hypothecated, separately or in common with other securities for the sum due to the Customer Robinhood thereon or for a greater sum and without retaining in the Customer its possession or control for delivery a like amount of similar securities. The IRS requires Broker- Dealers broker-dealers to treat dividend payments on loaned securities positions as payments received in lieu of dividends for 1099 tax reporting purposes. Taxation of substitute dividend payments may be greater than ordinary on or qualified dividends. It is understood, however, that the Broker Xxxxxxxxx agrees to deliver to the Customer upon demand and upon payment of the full amount due thereon, all securities in such accounts, but without obligation to deliver the same certificates or securities deposited by the Customer originally. Any securities in the Customer’s margin account may be borrowed by the BrokerRobinhood, or lent to others.