Common use of Joint Clients Clause in Contracts

Joint Clients. 21.1 Where the Client consists of more than one person: (1) the liability and obligations of each of them shall be joint and several and references to the Client shall be construed, as the context requires, to any or each of them; (2) each of them shall be bound though any other Client or any other person intended to be bound is not, for whatever reason, so bound; (3) the Company shall be entitled to, but shall not be obliged to, act on instructions or requests from any of them; (4) the Company shall be entitled to deal separately with any of the Client on any matter including the discharge of any liability to any extent without affecting the liability of any others. 21.2 Where the Client consists of more than one person, on the death of any of such persons (being survived by any other such persons), this Agreement shall not be terminated and the interest in the Account(s) of the deceased will thereupon vest in and enure for the benefit of the survivor(s) provided that any liabilities incurred by the deceased Client shall be enforceable by the Company against such deceased Client's estate. The surviving Client(s) shall give the Company written notice immediately upon any of them becoming aware of any such death.

Appears in 3 contracts

Samples: Account Agreements, Account Agreements, Margin Client’s Agreement

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Joint Clients. 21.1 24.1 Where the Client consists of more than one person: (1) the liability and obligations of each of them shall be joint and several and references to the Client shall be construed, as the context requires, to any or each of them; (2) the Company shall be entitled to, but shall not be obliged to, act on instructions or requests from any of them; (3) each of them shall be bound though any other Client or any other person intended to be bound is not, for whatever reason, so bound; (3) the Company shall be entitled to, but shall not be obliged to, act on instructions or requests from any of them;; and (4) the Company shall be entitled to deal separately with any of the Client on any matter including the discharge of any liability to any extent without affecting the liability of any others. 21.2 24.2 Where the Client consists of more than one person, on the death of any of such persons (being survived by any other such persons), this Agreement shall not be terminated and the interest in the Account(s) of the deceased will thereupon vest in and enure ensure for the benefit of the survivor(s) provided that any liabilities incurred by the deceased Client shall be enforceable by the Company against such deceased Client's ’s estate. The surviving Client(s) shall give the Company written notice immediately upon any of them becoming aware of any such death.

Appears in 2 contracts

Samples: Account Agreements, Cash Client’s Agreement

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Joint Clients. 21.1 24.1 Where the Client consists of more than one person: (1) the liability and obligations of each of them shall be joint and several and references to the Client shall be construed, as the context requires, to any or each of them; (2) the Company shall be entitled to, but shall not be obliged to, act on instructions or requests from any of them; (3) each of them shall be bound though any other Client or any other person intended to be bound is not, for whatever reason, so bound; (3) the Company shall be entitled to, but shall not be obliged to, act on instructions or requests from any of them;; and (4) the Company shall be entitled to deal separately with any of the Client on any matter including the discharge of any liability to any extent without affecting the liability of any others. 21.2 24.2 Where the Client consists of more than one person, on the death of any of such persons (being survived by any other such persons), this Agreement shall not be terminated and the interest in the Account(s) of the deceased will thereupon vest in and enure ensure for the benefit of the ofthe survivor(s) provided that any liabilities incurred by the deceased Client shall be enforceable by the Company against such deceased Client's ’s estate. The surviving Client(s) shall give the Company written notice immediately upon any of them becoming aware of any such death.

Appears in 1 contract

Samples: Account Agreements

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