Rights and Obligations of Survivors. (not applicable to residents of Québec) a) the surviving Client or Clients will immediately give us written notice thereof; b) we are authorized prior to the receipt of the written notice of the decedent’s death to execute orders and deal with and for the account as though the death had not occurred; c) we are authorized, prior to or after, the receipt of the written notice of the decedent’s death, to take such proceedings, require such papers, retain such property or restrict transactions in the account as we may consider advisable to protect us against any tax, liability, penalty or loss under any present or future laws or otherwise; and d) the estate of the decedent and each survivor shall continue to be liable to us, jointly and severally, for any debts, obligations, liabilities or losses in respect of the account, including, without limitation, those resulting from the completion of transactions initiated prior to the receipt by us of the written notice of the decedent’s death or incurred in the liquidation of the account or the adjustment of the interests of the Clients.
Appears in 3 contracts
Samples: Account and Service Agreements, Account and Services Agreements, Account and Services Agreements
Rights and Obligations of Survivors. (not applicable to residents of Québec)
a) the surviving Client or Clients will immediately give us written notice thereof;
b) we are authorized prior to the receipt of the written notice of the decedent’s death to execute orders and deal with and for the account as though the death had not occurred;
c) we are authorized, prior to or after, the receipt of the written notice of the decedent’s death, to take such proceedings, require such papers, retain such property or restrict transactions in the account as we may consider advisable to protect us against any tax, liability, penalty or loss under any present or future laws or otherwise; and
d) the estate of the decedent and each survivor shall will continue to be liable to us, jointly and severally, for any debts, obligations, liabilities or losses in respect of the account, including, without limitation, those resulting from the completion of transactions initiated prior to the receipt by us of the written notice of the decedent’s death or incurred in the liquidation of the account or the adjustment of the interests of the Clients.
Appears in 3 contracts
Samples: Account and Services Agreements, Account and Services Agreements, Account and Services Agreements
Rights and Obligations of Survivors. (not applicable to residents of Québec)) In the event of the death of any of the Clients:
a) the surviving Client or Clients will immediately give us written notice thereof;
b) we are authorized prior to the receipt of the written notice of the decedent’s death to execute orders and deal with and for the account as though the death had not occurred;
c) we are authorized, prior to or after, the receipt of the written notice of the decedent’s death, to take such proceedings, require such papers, retain such property or restrict transactions in the account as we may consider advisable to protect us against any tax, liability, penalty or loss under any present or future laws or otherwise; and
d) the estate of the decedent and each survivor shall will continue to be liable to us, jointly and severally, for any debts, obligations, liabilities or losses in respect of the account, including, without limitation, those resulting from the completion of transactions initiated prior to the receipt by us of the written notice of the decedent’s death or incurred in the liquidation of the account or the adjustment of the interests of the ClientsClients .
Appears in 1 contract
Samples: Account and Services Agreements
