Common use of Payment of Indebtedness Upon Demand and Liability for Costs of Collection Clause in Contracts

Payment of Indebtedness Upon Demand and Liability for Costs of Collection. You shall at all times be liable for the payment upon demand of any debit balance or other obligations owing in any of your LPL accounts and you shall be liable to LPL for any deficiency remaining in any such accounts in the event of the liquidation thereof, in whole or in part, by LPL or by you; and, you shall make payments of such obligations and indebtedness upon demand. The reasonable costs and expense of collection of the debit balance, recovery of securities, and any unpaid deficiency in the accounts of the undersigned with LPL, including, but not limited to, attorneys’ fees, incurred and payable or paid by LPL shall be payable to LPL by you.

Payment of Indebtedness Upon Demand and Liability for Costs of Collection. You shall at all times be liable for the payment upon demand of any debit balance or other obligations owing in any of your LPL accounts and you shall be liable to LPL for any deficiency remaining in any such accounts in the event of the liquidation thereof, in whole or in part, by LPL or by you; and, you shall make payments of such obligations obligation and indebtedness upon demand. The reasonable costs and expense of collection of the debit balance, recovery of securities, and any unpaid deficiency in the Client’s accounts of the undersigned with LPL, including, but not limited to, attorneys’ fees, incurred and payable or paid by LPL shall be payable to LPL by you.

Payment of Indebtedness Upon Demand and Liability for Costs of Collection. You shall at all times be liable for the payment upon demand of any debit balance or other obligations owing in any of your LPL accounts and you shall be liable to LPL for any deficiency remaining in any such accounts in the event of the liquidation thereof, in whole or in part, by LPL or by you; and, you shall make payments of such obligations obligation and indebtedness upon demand. The reasonable costs and expense of collection of the debit balance, recovery of securities, and any unpaid deficiency in the accounts of the undersigned with LPL, including, but not limited to, attorneys’ fees, incurred and payable or paid by LPL shall be payable to LPL by you.