Common use of Loan Consent Clause in Contracts

Loan Consent. By signing this agreement, the undersigned acknowledges that securities not fully paid for by the undersigned may be loaned to Pershing or loaned out to others, and as permitted by law, certain securities in the undersigned’s account, may be used for, among other things, settling short sales and lending the securities for short sales, and as a result Pershing and your Introducing Firm may receive compensation in connection therewith. Pershing does not lend fully- paid-for securities without your written permission. Please contact your introducing financial institution with any questions. Fully-paid- for securities held in a cash account (unless otherwise agreed in a separate written agreement) and fully-paid-for securities held in a margin account in which there is no debit balance are not loaned.

Loan Consent. By signing this agreement, the undersigned acknowledges that securities not fully paid for by the undersigned may be loaned to Pershing or loaned out to others, and as permitted by law, certain securities in the undersigned’s account, may be used for, among other things, settling short sales and lending the securities for short sales, and as a result Pershing and your Introducing Firm may receive compensation in connection therewith. Pershing does not lend fully- fully paid-for securities without your written permission. Please contact your introducing financial institution with any questions. Fully-paid- paid for securities held in a cash account (unless otherwise agreed in a separate written agreement) and fully-paid-for securities held in a margin account in which there is no debit balance are not loaned.

Loan Consent. By signing this agreement, the undersigned acknowledges that securities not fully paid for by the undersigned may be loaned to Pershing or loaned out to others, and as permitted by law, certain securities in the undersigned’s account, may be used for, among other things, settling short sales and lending the securities for short sales, and as a result Pershing and your Introducing Firm may receive compensation in connection therewith. Pershing does not lend fully- fully paid-for securities without your written permission. Please contact your introducing financial institution with any questions. Fully-paid- paid for securities held in a cash account (unless otherwise agreed in a separate written agreement) and fully-paid-for securities held in a margin account in which there is no debit balance are not loaned.. Client Copy