Common use of Short and Long Sales Clause in Contracts

Short and Long Sales. In placing any sell order for a short account, you will designate the order as such and hereby authorize Bear Xxxxxxx to xxxx the order as being "short." In placing any sell order for a long account, you will designate the order as such and hereby authorize Bear Xxxxxxx to xxxx the order as being "long." The designation of a sell order as being for a long account shall constitute a representation that you own the security with respect to which the order has been placed, that such security may be sold without restriction in the open market and that, if Bear Xxxxxxx does not have the security in its possession at the time you place the order, you shall deliver the security by settlement date in good deliverable form or pay to Bear Xxxxxxx any losses or expenses incurred by it as a result of your failure to make delivery on a timely basis.

Short and Long Sales. In placing any sell order for a short account, you will designate the order as such and hereby authorize Bear Xxxxxxx to xxxx the order as being "short." In placing any sell order for a long account, you will designate the order as such and hereby authorize Bear Xxxxxxx to xxxx the order as being "long." The designation of a sell order as being for a long account shall constitute a representation that you own the security with respect to which the order has been placed, that such security may be sold without restriction in the open market and that, if Bear Xxxxxxx does not have the security in its possession at the time you place the order, you shall deliver the security by settlement date in good deliverable form or pay to Bear Xxxxxxx any losses or expenses incurred by it as a result of your failure to make delivery on a timely basisdelivery.

Short and Long Sales. In placing any sell order for a short account, you will designate the order as such and hereby authorize Bear Xxxxxxx to xxxx the order as being "“short." ”. In placing any sell order for a long account, you will designate the order as such and hereby authorize Bear Xxxxxxx to xxxx the order as being "“long." ” The designation of a sell order as being for a long account shall constitute a representation that you own the security with respect to which the order has been placed, that such security may be sold without restriction in the open market and that, if Bear Xxxxxxx does not have the security in its possession on account for you at the time you place the order, you shall deliver the security by settlement date in good deliverable form or pay to Bear Xxxxxxx any losses or expenses incurred by it as a result of your failure to make delivery on a timely basis.

Short and Long Sales. In placing any sell anx xxxx order for a short account, you will designate the order as such and hereby authorize Bear Xxxxxxx Stearns to xxxx mark the order as being "short." In placing any sell order for xxxx xrder xxx a long account, you will designate the order as such and hereby authorize Bear Xxxxxxx Stearns to xxxx mark the order as being "long." The designation of a sell order xx x xell xrder as being for a long account shall constitute a representation that you own the security with respect to which the order has been placed, that such security may be sold without restriction in the open market and that, if Bear Xxxxxxx Stearns does not have the security in its possession at the time xxxx you place the order, you shall deliver the security by settlement date in good deliverable form or pay to Bear Xxxxxxx Stearns any losses or expenses incurred by it as a result of your resulx xx xxur failure to make delivery on a timely basis.

Short and Long Sales. In placing any sell order for a short account, you will designate the order as such and hereby authorize Bear Xxxxxxx to xxxx the order as being "short." In placing any sell order for a long account, you will designate the order as such and hereby authorize Bear Xxxxxxx to xxxx the order as being "long." The designation of a sell order as being for a long account shall constitute a representation that you own the security with respect to which the order has been placed, that such security may be sold without restriction in the open market and that, if Bear Xxxxxxx does not have the security in its possession at the time you place the order, you shall deliver the security by settlement date in good deliverable form or pay to Bear Xxxxxxx any losses and expenses it may incur or expenses incurred by it sustain as a result of your failure to make a delivery on a timely basis.

Short and Long Sales. In placing any sell order for ordxx xxx a short account, you will designate the order as such and hereby authorize Bear Xxxxxxx Stearns to xxxx mark the order as being "short." In placing any sell order for ordex xxx a long xxxx account, you will designate the order as such and hereby authorize Bear Xxxxxxx Stearns to xxxx mark the order as being "long." The designation of a sell order as being xxxer ax xxing for a long account shall constitute a representation that you own the security with respect to which the order has been placed, that such security may be sold without restriction in the open market and that, if Bear Xxxxxxx Stearns does not have the security in its possession at the time you place yxx xxxxe the order, you shall deliver the security by settlement date in good deliverable form or pay to Bear Xxxxxxx Stearns any losses or expenses incurred by it as a result of your failure xxxxxxx to make delivery on a timely basis.

Short and Long Sales. In placing any sell order for to a short account, you will designate the order as such and hereby authorize Bear Xxxxxxx to xxxx the order as being "short." ". In placing any sell order for a long account, you will designate the order as such and hereby authorize Bear Xxxxxxx to xxxx the order as being "long." ". The designation of a sell order as being for a long account shall constitute a representation that you own the security with respect to which the order has been placed, that such security may be sold without restriction in the open market and that, if Bear Xxxxxxx does not have the security in its possession at the time you place placed the order, you shall deliver the security by settlement date in good deliverable form or pay to Bear Xxxxxxx any losses or expenses incurred by it as a result of your failure to make delivery on a timely basisdelivery.