PAYMENT AND SETTLEMENT. Client agrees to pay on demand all balances (including accrued but unpaid interest thereon) and any other obligations owing with respect to Client’s Account. Client agrees that all cash account transactions will be handled on a cash basis and Client shall pay for any security purchased for Client’s cash account, and deliver any securities sold for Client’s cash account, on or before the settlement date. Client warrants that for all cash accounts, no sale of securities is contemplated before the securities are paid for as provided above and that each item sold will be owned by Client at the time of sale.
Appears in 3 contracts
Samples: New Account Application and Agreement for Entities, New Account Application and Agreement, New Account Agreement (Trian Partners Master Fund, L.P.)
PAYMENT AND SETTLEMENT. Client agrees to pay on demand all balances (including accrued but unpaid interest thereon) and any other obligations owing with respect to Client’s 's Account. Client agrees that all cash account transactions will be handled on a cash basis and Client shall pay for any security purchased for Client’s 's cash account, and deliver any securities sold for Client’s 's cash account, on or before the settlement date. Client warrants that for all cash accounts, no sale of securities is contemplated before the securities are paid for as provided above and that each item sold will be owned by Client at the time of sale.
Appears in 2 contracts
Samples: New Account Agreement, New Account Agreement (American Century Quantitative Equity Funds, Inc.)
PAYMENT AND SETTLEMENT. Client agrees to pay on demand all balances (including accrued but unpaid interest thereon) and any other obligations owing with respect to Client’s Account. Client agrees that all cash account transactions will be handled on a cash basis and Client shall pay for any security purchased for Client’s cash account, and deliver any securities sold for Client’s cash account, on or before the settlement date. Client agrees to pay on demand all balances owing with respect to Client’s account. Client warrants that for all cash accounts, no sale of securities is contemplated before the securities are paid for as provided above and that each item sold will be owned by Client at the time of sale.
Appears in 1 contract
Samples: Corporate Account Agreement
