Common use of Program General Terms and Conditions Clause in Contracts

Program General Terms and Conditions. If the Account is eligible for the ICA or DCA program, you hereby authorize and direct LPL to automatically deposit available cash balances (from securities transactions, dividend and interest payments, deposits and other activities) in the Account into interest-bearing Federal Deposit Insurance Corporation (“FDIC”) insured deposit accounts (“Deposit Accounts”) at one or more banks or other depository institutions (each, a “Bank”). Insured Cash Account (ICA) Details

Program General Terms and Conditions. If the Account your account is eligible for the ICA or DCA program, you hereby authorize and direct LPL to automatically deposit available cash balances (from securities transactions, dividend and interest payments, deposits and other activities) in the Account your account into interest-bearing Federal Deposit Insurance Corporation (“FDIC”) insured deposit accounts (“Deposit Accounts”) at one or more banks or other depository institutions participating in the ICA Program (each, a “Bank”). Insured Cash Account (ICA) Details.