Common use of Payment of Indebtedness Upon Demand Clause in Contracts

Payment of Indebtedness Upon Demand. Debit balances in your Securities Account represent money loaned to you. You agree to at all times be liable to Stifel for the full payment of debit balances or other obligations owing in your Securities Account or any other account you have with Stifel, and you agree to be liable to Stifel for any deficiency remaining in any such accounts in the event of the liquidation thereof, in whole or in part, by Stifel or by you. You agree to pay such obligations and indebtedness to Stifel promptly upon demand. The reasonable costs and expenses of collection of any debit balance and any unpaid deficiency in such accounts with Stifel, including attorneys’ fees incurred and payable or paid by Stifel, shall be payable to Stifel by you promptly upon demand.

Payment of Indebtedness Upon Demand. Debit balances in your Securities Account represent money loaned to you. You agree to at all times be liable to Stifel for the full payment of debit balances or other obligations owing in your Securities Account or any other account you have with Stifel, and you agree to be liable to Stifel for any deficiency remaining in any such accounts in the event of the liquidation thereof, in whole or in part, by Stifel or by you. You agree to pay such obligations and indebtedness to Stifel promptly upon demand. The reasonable costs and expenses of collection of any debit balance bal- ance and any unpaid deficiency in such accounts with Stifel, including in- cluding attorneys’ fees incurred and payable or paid by Stifel, shall be payable to Stifel by you promptly upon demand.