Common use of Placing Orders Clause in Contracts

Placing Orders. It is understood and agreed that Customer, when placing with Broker any order to sell short for Customer’s account, will designate the order as such and Broker is hereby authorized to xxxx such order as being “short”, and when placing with Broker any order to sell long for Customer’s account, will designate the order as such and Broker is hereby authorized to xxxx such order as being “long”. Any sell order which Customer shall designate as being for long account as above provided is for securities then owned by Customer and, if such securities are not then deliverable by Broker from any account of Customer, the placing of such order shall constitute a representation by Customer that it is impracticable for Customer then to deliver such securities to Broker but that Customer shall deliver them by the settlement date or as soon as possible thereafter (but, in any event, on or before the day required for delivery by applicable law).

Appears in 5 contracts

Samples: Special Custody Account Agreement (Wilshire Mutual Funds Inc), Special Custody Account Agreement (Needham Funds Inc), Special Custody Account Agreement (Needham Funds Inc)

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Placing Orders. It is understood and agreed that Customer, when placing with Broker any order to sell short for Customer’s 's account, will designate the order as such and hereby authorizes Broker is hereby authorized to xxxx such order as being "short", and when placing with Broker any order to sell long for Customer’s 's account, will designate the order as such and hereby authorizes Broker is hereby authorized to xxxx such order as being "long". Any sell order which Customer shall designate as being for long account as above provided is for securities then owned by Customer and, if such securities are not then deliverable by Broker from any account of Customer, the placing of such order shall constitute a representation by Customer that it is impracticable for Customer then to deliver such securities to Broker but that Customer shall deliver them by the settlement date or as soon as possible thereafter (but, in any event, on or before the day required for delivery by applicable law)thereafter.

Appears in 1 contract

Samples: Special Custody Account Agreement (Barr Rosenberg Series Trust)

Placing Orders. It is understood and agreed that Customer, when placing with Broker any order to sell short for Customer’s account, will designate the order as such and hereby authorizes Broker is hereby authorized to xxxx mxxx such order as being “short”, and when placing with Broker any order to sell long for Customer’s account, account will designate the order as such and hereby authorizes Broker is hereby authorized to xxxx mxxx such order as being “long”. Any sell order which Customer shall designate as being for long account as above provided is for securities then owned by Customer and, if such securities are not then deliverable by Broker from any account of Customer, the placing of such order shall constitute a representation by Customer that it is impracticable for Customer then to deliver such securities to Broker but that Customer shall deliver them by the settlement date or as soon as possible thereafter (but, in any event, on or before the day required for delivery by applicable law)thereafter.

Appears in 1 contract

Samples: Special Custody Account Agreement (Purisima Funds)

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Placing Orders. It is understood and agreed that Customer, when placing with Broker any order to sell short for Customer’s 's account, will designate the order as such and hereby authorizes Broker is hereby authorized to xxxx mxxx such order as being "short", and when placing with Broker any order to sell long for Customer’s 's account, will designate the order as such and hereby authorizes Broker is hereby authorized to xxxx mxxx such order as being "long". Any sell order which Customer shall designate as being for long account as above provided is for securities then owned by Customer and, if such securities are not then deliverable by Broker from any account of Customer, the placing of such order shall constitute a representation by Customer that it is impracticable for Customer then to deliver such securities to Broker but that Customer shall deliver them by the settlement date or as soon as possible thereafter (but, in any event, on or before the day required for delivery by applicable law).

Appears in 1 contract

Samples: Special Custody Account Agreement (Caldwell & Orkin Funds Inc)

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