Common use of JOINT AND SEVERAL LIABILITY; JOINT ACCESS Clause in Contracts

JOINT AND SEVERAL LIABILITY; JOINT ACCESS. If more than one individual is establishing the Account with LPL, the obligations of all persons establishing such account under this agreement shall be joint and several. If this is a joint account, each of you signing this agreement (each a “joint owner”) agrees that each joint owner shall have authority to (I) buy, sell (including short sales, if the Account is approved for short selling), and otherwise deal in, through LPL as a broker, securities and/or other property on margin or otherwise, (II) to receive confirmations, statements and communications of every kind related to the Account, (III) to receive and dispose of money, securities and/or other property in the Account, (IV) to make, terminate, or modify this agreement and any other written agreement relating to the Account or waive any of the provisions of such agreements, (V) to give instructions or grant or revoke authorizations related to the Account, and (VI) generally to deal with LPL as if each of you alone was the sole owner of the Account, all without notice to the other joint owner(s). Each of you agrees that notice to any joint owner shall be deemed to be notice to all joint owners. LPL may follow the instructions of any of the joint owners concerning the Account and make delivery to any of the joint owners of any and all securities and/or other property in the Account, and make payments to any of the joint owners, of any or all moneys in the Account as any of the joint owners may order and direct, even if such deliveries and/or payments shall be made to one of the joint owners personally. LPL shall be under no obligation to inquire into the purpose of any such demand for such deliveries and/or payments. In the event of the death of any of the joint owners, the surviving joint owner(s) shall immediately give LPL written notice thereof. The estate of any deceased joint owner shall be liable and each survivor will be liable, jointly and severally, to LPL for any debt or loss in the Account resulting from the completion of transactions initiated prior to LPL’s receipt of a written notice of such death or debt or loss incurred in the liquidation of the account or the adjustment of the interests of the joint owners. LPL reserves the right to require written instructions from all account holders, at its discretion.

JOINT AND SEVERAL LIABILITY; JOINT ACCESS. If more than one individual is establishing the Account with LPL, the obligations of all persons establishing such account the Account under this agreement Agreement shall be joint and several. If this is a joint account, each of you signing this agreement Agreement (each a “joint owner”) agrees that each joint owner shall have authority to (I) buy, sell (including short sales, if the Account is approved for short selling), and otherwise deal in, through LPL as a broker, securities and/or other property on margin or otherwise, (II) to receive confirmations, statements and communications of every kind related to the Account, (III) to receive and dispose of money, securities and/or other property in the Account, (IV) to make, terminate, or modify this agreement Agreement and any other written agreement with LPL relating to the Account or waive any of the provisions of such agreements, (V)) to give instructions or grant or revoke authorizations related to the Account, and (VI) generally to deal with LPL as if each of you alone was the sole owner of the Account, all without notice to the other joint owner(s). Each of you agrees that notice to any joint owner shall be deemed to be notice to all joint owners. LPL may follow the instructions of any of the joint owners concerning the Account and make delivery to any of the joint owners of any and all securities and/or other property in the Account, and make payments to any of the joint owners, of any or all moneys in the Account as any of the joint owners may order and direct, even if such deliveries and/or payments shall be made to one of the joint owners personally. LPL shall be under no obligation to inquire into the purpose of any such demand for such deliveries and/or payments. In the event of the death of any of the joint owners, the surviving joint owner(s) shall immediately give LPL written notice thereof. The estate of any deceased joint owner shall be liable and each survivor will be liable, jointly and severally, to LPL for any debt or loss in the Account resulting from the completion of transactions initiated prior to LPL’s receipt of a written notice of such death or debt or loss incurred in the liquidation of the account Account or the adjustment of the interests of the joint owners. LPL reserves the right to require written instructions from all account holders, at its discretion.