Common use of Losses of Securities Clause in Contracts

Losses of Securities. If, in relation to any securities deposited with you which are not registered in my/our name, any loss is suffered by you arising therefrom, the Securities Account may be debited (or payment made by me/us as may be agreed) with the proportion of such loss equal to the proportion of the total number or amount of the relative securities which shall comprise securities held on my/our behalf, rounded up or down in such manner as you may reasonably determine. You shall not be liable for any such loss in the absence of fraud or wilful default on your part.

Losses of Securities. If, in relation to any securities Securities deposited with you which are not registered in my/our name, any loss is suffered by you arising therefrom, the Securities Account may be debited (or payment made by me/us as may be agreed) with the proportion of such loss equal to the proportion of the total number or amount of the relative securities Securities which shall comprise securities Securities held on my/our behalf, rounded up or down in such manner as you may reasonably determine. You shall not be liable for any such loss in the absence of fraud or wilful willful default on your part.

Losses of Securities. If, in relation to any securities deposited with you which are not registered in my/our name, any loss is suffered by you arising therefrom, the Securities Account may be debited (or payment made by me/us as may be agreed) with the proportion of such loss equal to the proportion of the total number or amount of the relative securities which shall comprise securities held on my/our behalf, rounded up or down do wn in such manner as you may reasonably determine. You shall not be liable for any such loss in the absence of fraud or wilful default on your part.