Restricted or Control Securities Clause Samples
Restricted or Control Securities. You may not sell or transfer through your Account: (a) any securities subject to Rule 144 or 145(d) under the Securities Act of 1933, or (b) any securities that are restricted securities as defined in Rule 144 or control securities within the meaning of Rule 144, or (c) any securities that may not be freely saleable or deliverable under any other law or rule relating to restricted or control securities or otherwise, or (d) securities that may otherwise be contractually restricted from delivery or sale. You may not sell securities if you control, are controlled by or are under common control with the issuer of the securities. See also Section 36(c), below.
Restricted or Control Securities. Correspondent shall be solely and exclusively responsible for determining whether any securities in Accounts are restricted and/or control securities within the meaning of Rule 144 under the 1933 Act, and for ensuring that any transactions in such securities are in compliance with the Applicable Laws and Rules. Prior to the time an order in such securities is transmitted to Ridge, Correspondent shall notify Ridge and Ridge may, in its sole and exclusive discretion, charge such reasonable fees, in addition to the clearing charges described below, as it deems appropriate for handling such transactions.
Restricted or Control Securities. Correspondent shall be solely and exclusively responsible for determining whether any securities in Accounts are restricted or control securities within the meaning of Rule 144 under the Securities Act of 1933, as amended (the "1933 Act"), and for "ensuring that any transactions in such securities are in compliance with the Laws and Rules. Prior to the time any such order shall be transmitted to Clearing Broker, Correspondent shall notify Clearing Broker and Clearing Broker may, in its sol6 discretion, charge such reasonable fees, in addition to the clearing charges described below, as it deems appropriate for handling such transactions.
Restricted or Control Securities. Prior to placing an order for the sale or transfer of Restricted Securities, you agree that DriveWealth must be advised of the status of the securities and furnished with the necessary documents (including opinions of legal counsel, if DriveWealth so requests) or any other required waivers or consents necessary to satisfy legal transfer requirements by Introducing Firm. These securities may not be sold or transferred until they satisfy legal transfer requirements. Even if the necessary documents are furnished in a timely manner, there may be delays in the processing of these securities, which may result in delays in the delivery of securities and the crediting of cash to the Account. You acknowledge and agree that Introducing Firm shall be required to be responsible for, and shall reimburse DriveWealth for, any delays, expenses, losses and damages (including reasonable attorneys’ fees and court costs and expenses) (“Losses”) incurred by DriveWealth that are associated with compliance or failure to comply with all of the requirements and rules relating to Restricted Securities, which Losses may be discharged out of the Account by Introducing Firm.
Restricted or Control Securities. Correspondent shall be solely and exclusively responsible for determining whether any securities in Accounts are restricted or control securities within the meaning of Rule 144 under the 1933 Act, and for ensuring that any transactions in such securities are in compliance with the Laws and Rules. Prior to the time any such order shall be transmitted to ICS, Correspondent shall notify ICS and ICS may, in its discretion, charge such reasonable fees, in addition to the clearing charges described below, as it deems appropriate for handling such transactions.