Common use of PLEDGE OF SECURITIES AND OTHER PROPERTY Clause in Contracts

PLEDGE OF SECURITIES AND OTHER PROPERTY. Within the limitations imposed by applicable law, all Securities and Other Property now or hereafter held, carried or maintained by BB&T Securities in its possession that have not been fully paid for or are held in a margin account may be lent, either to BB&T Securities or to others, pledged and repledged by BB&T Securities, without notice to You, either separately or in common with other Securities and Other Property of BB&T Securities’ other customers for any amount due, and BB&T Securities may do so without retaining in its possession or control for delivery a like amount of similar securities or other property. You understand that in the event securities held for Your account are loaned out, You may lose certain voting rights attendant to such securities. No compensation will be payable to You in connection with any borrowings. Any losses, detriments, gains or other benefits arising from such borrowing will not accrue to Your margin account.

PLEDGE OF SECURITIES AND OTHER PROPERTY. Within the limitations imposed by applicable law, all Securities and Other Property now or hereafter held, carried or maintained by BB&T Securities in its possession that have not been fully paid for or are held in a margin account may be lent, either to BB&T Securities or to others, pledged and repledged by BB&T Securities, without notice to You, either separately or in common with other Securities and Other Property of BB&T Securities’ other customers for any amount due, and BB&T Securities may do so without retaining in its possession or control for delivery a like amount of similar securities or other property. You understand that in the event securities held for Your account are loaned out, You may lose certain voting rights attendant to such securities. No compensation will be payable to You in connection with any borrowings. Any losses, detriments, gains or other benefits arising from such borrowing will not accrue notaccrue to Your margin account.

PLEDGE OF SECURITIES AND OTHER PROPERTY. Within the limitations imposed by applicable law, all Securities and Other Property now or hereafter held, carried or maintained by BB&T Securities in its possession that have not been fully paid for or are held in a margin account may be lent, either to BB&T Securities or to others, pledged and repledged by BB&T Securities, without notice to You, either separately or in common with other Securities and Other Property of BB&T Securities’ , and/or other customers for any amount due, and BB&T Securities may do so without retaining in its possession or control for delivery a like alike amount of similar securities or other property. You understand that in the event securities held for Your account are loaned out, You may lose certain voting rights attendant to such securities. No compensation will be payable to You in connection with any borrowings. Any losses, detriments, gains or other benefits arising from such borrowing will not accrue to Your margin account.