Common use of Liquidations Clause in Contracts

Liquidations. Each of your Securities Accounts will be linked to one Bank Account, as described in Section 3.6 below. Liquidations of your securities shall be effected to pay for transfers and withdrawals out of your Bank Accounts and other monies owed to Jiko Bank to the extent cash in your Bank Account is not sufficient. You also acknowledge that your orders will be executed by us, as principal, and are subject to best execution standards. You authorize us to accept instructions from Jiko Bank to transfer money from your Securities Accounts to the Bank and to liquidate holdings to the extent required to generate proceeds sufficient to pay the amount of each transfer you have requested, or to pay for amounts Jiko Bank otherwise debits from your Bank Account.

Liquidations. Each of your Securities Accounts will be linked to one a separate Bank Account, as described in Section 3.6 3.7 below. Liquidations of your securities shall be effected to pay for transfers and withdrawals out of your Bank Accounts and other monies owed to Jiko Bank to the extent that cash in your Bank Account is not sufficient. You also acknowledge that your orders will be executed by us, as principal, and are subject to best execution standards. You authorize us to accept instructions from Jiko Bank to transfer money from your Securities Accounts to the Bank and to liquidate holdings to the extent required to generate proceeds sufficient to pay the amount of each transfer you have requested, or to pay for amounts Jiko Bank otherwise debits from your Bank Account.