Common use of PAYMENT OF LOANS ON DEMAND Clause in Contracts

PAYMENT OF LOANS ON DEMAND. I agree to pay ON DEMAND any balance owing with respect to any of my accounts, including interest and commissions and any costs of collection (including attorneys’ fees, if incurred by you). I understand that Clearing Firm may demand full payment of the balance due in my accounts plus any interest charges accrued there on, at Clearing Firm’s sole option, at any time without cause and whether (or not) such demand is made for Clearing Firm’s protection. I understand that all loans made are not for any specific term or duration but are due and payable at Clearing Firm’s sole discretion upon a demand for payment made to me. I agree that all payments received for my accounts including interest, dividends, premiums, principal or other payments may be applied by Clearing Firm to any balances due in my accounts.

PAYMENT OF LOANS ON DEMAND. I agree to pay ON DEMAND any balance owing with respect to any of my accounts, including interest and commissions and any costs of collection col- lection (including attorneys’ fees, if incurred by you). I understand that Clearing Firm may demand full payment of the balance due in my accounts plus any interest charges accrued there on, at Clearing Firm’s sole option, at any time without cause and whether (or not) not such demand is made for Clearing Firm’s protection. I understand that all loans made are not for any specific term or duration but are due and payable at Clearing Firm’s sole discretion upon a demand for payment made to me. I agree that all payments received for my accounts ac- counts including interest, dividends, premiums, principal or other payments may be applied by Clearing Firm to any balances due in my accounts.