Common use of Joint Registration Clause in Contracts

Joint Registration. If your Account consists of more than one Customer, your obligations under this Agreement shall be joint and several among all Account holders. References to "Customer", “you” and “your” shall include all Customers identified in your Account documents. RQD may rely on transfer or other instructions from your Introducing Broker or any one of the Customers in a joint Account, and such instructions shall be binding on each Customer. RQD may deliver Securities and other property, and send confirmations, notices, statements and communications of every kind to any one of the Customers, and such action shall be binding on each Customer. Notwithstanding the foregoing, RQD is authorized in its sole discretion to require joint action by some or all Customers with respect to any matter concerning a joint account, including but not limited to the giving or cancellation of orders and the withdrawal of money or Securities. In the case of Tenants by the Entirety accounts, joint action will be required for all matters concerning the joint account. Tenants by Entirety accounts are not recognized in certain jurisdictions, and, where not expressly allowed, will not be a permitted designation of the account.