Common use of Program General Terms and Conditions Clause in Contracts

Program General Terms and Conditions. If your account is eligible for the ICA 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 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”).

Appears in 11 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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