Common use of Transactions and Settlements Clause in Contracts

Transactions and Settlements. All customer orders for the purchase or sale of securities and other property will be executed with the understanding that an actual purchase or sale is intended and that it is the Customer’s intention and obligation to deliver securities or the necessary funds by settlement date. If the Customer fails to deliver to the Financial Advisor any securities and other property sold at the Customer’s direction, the Financial Advisor is authorized to borrow the securities and other property necessary to enable the Financial Advisor to make delivery. The Customer agrees to be responsible for any cost or loss the Financial Advisor may incur, or the cost of obtaining the securities and other property which the Financial Advisor is unable to borrow. The Financial Advisor is the Customer’s agent to complete all such transactions and is authorized to make advances and expend monies as required. Please be advised that certain orders, at HTS’ or your Financial Advisor’s discretion, may be subject to manual review and entry, which may cause delays in the processing of your orders. You should be aware that with respect to any order, you would receive the price at which your order was actually executed in the marketplace, which may be different from the price at which the security or option is trading when your order is entered. You understand that HTS may not be held liable for acting upon false oral instructions or forged documents.

Appears in 3 contracts

Samples: Brochure Customer Agreement and Information Brochure, Brochure Customer Agreement and Information Brochure, Brochure Customer Agreement and Information Brochure

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Transactions and Settlements. All customer orders for the purchase or sale of securities and other property will be executed with the understanding that an actual purchase or sale is intended and that it is the Customer’s intention and obligation to deliver securities or the necessary funds by settlement date. If the Customer fails to deliver to the Financial Advisor financial professional any securities and other property sold at the Customer’s direction, the Financial Advisor financial professional is authorized to borrow the securities and other property necessary to enable the Financial Advisor financial professional to make delivery. The Customer agrees to be responsible for any cost or loss the Financial Advisor financial professional may incur, or the cost of obtaining the securities and other property which the Financial Advisor financial professional is unable to borrow. The Financial Advisor financial professional is the Customer’s agent to complete all such transactions and is authorized to make advances and expend monies as required. Please be advised that certain orders, at HTS’s or your Financial AdvisorProfessional’s discretion, may be subject to manual review and entry, which may cause delays in the processing of your orders. You should be aware that with respect to any order, you would receive the price at which your order was actually executed in the marketplace, which may be different from the price at which the security or option is trading when your order is entered. You understand that HTS may not be held liable for acting upon false oral instructions or forged documents.

Appears in 2 contracts

Samples: Customer Agreement and Information Brochure, www.hilltopsecurities.com

Transactions and Settlements. All customer Client orders for the purchase or sale of securities and other property will be executed with the understanding that an actual purchase or purchaseor sale is intended and that it is the CustomerClient’s intention and obligation to deliver securities or the necessary funds by settlement date. If the Customer Client fails to deliver to the Financial Advisor financial advisor any securities and other property sold at the CustomerClient’s direction, the Financial Advisor is authorized to borrow the securities and other property necessary to enable the Financial Advisor to make delivery. The Customer Client agrees to be responsible for any cost or loss the Financial Advisor may incur, or the cost of obtaining the securities and other property which the Financial Advisor is unable to borrow. The Financial Advisor is the CustomerClient’s agent to complete all such transactions and is authorized to make advances and expend monies as required. Please be advised that certain orders, at HTS’ Xxxxxxx or your Financial Advisor’s discretion, may be subject to manual review and entry, which may cause delays in the processing of your orders. You should be aware that with respect to any order, you would receive the price at which your order was actually executed in the marketplace, which may be different from the price at which the security or option is trading when your order is entered. You understand that HTS Xxxxxxx may not be held liable for acting upon false oral instructions or forged documents.

Appears in 1 contract

Samples: Account Agreement

Transactions and Settlements. All customer orders for the purchase or sale of securities and other property will be executed with the understanding that an actual purchase or sale is intended and that it is the Customer’s intention and obligation to deliver securities or the necessary funds by settlement date. If the Customer fails to deliver to the Financial Advisor financial professional any securities and other property sold at the Customer’s direction, the Financial Advisor financial professional is authorized to borrow the securities and other property necessary to enable the Financial Advisor financial professional to make delivery. The Customer agrees to be responsible for any cost or loss the Financial Advisor financial professional may incur, or the cost of obtaining the securities and other property which the Financial Advisor financial professional is unable to borrow. The Financial Advisor financial professional is the Customer’s agent to complete all such transactions and is authorized to make advances and expend monies as required. Please be advised that certain orders, at HTS’ or your Financial AdvisorProfessional’s discretion, may be subject to manual review and entry, which may cause delays in the processing of your orders. You should be aware that with respect to any order, you would receive the price at which your order was actually executed in the marketplace, which may be different from the price at which the security or option is trading when your order is entered. You understand that HTS may not be held liable for acting upon false oral instructions or forged documents.

Appears in 1 contract

Samples: Brochure Customer Agreement and Information Brochure

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Transactions and Settlements. All customer orders for the purchase or sale of securities and other property will be executed with the understanding that an actual purchase or sale is intended and that it is the Customer’s intention and obligation to deliver securities or the necessary funds by settlement date. If the Customer fails to deliver to the Financial Advisor financial advisor any securities and other property sold at the Customer’s direction, the Financial Advisor is authorized to borrow the securities and other property necessary to enable the Financial Advisor to make delivery. The Customer agrees to be responsible for any cost or loss the Financial Advisor may incur, or the cost of obtaining the securities and other property which the Financial Advisor is unable to borrow. The Financial Advisor is the Customer’s agent to complete all such transactions and is authorized to make advances and expend monies as required. Please be advised that certain orders, at HTS’ Xxxxxxx or your Financial Advisor’s discretion, may be subject to manual review and entry, which may cause delays in the processing of your orders. You should be aware that with respect to any order, you would receive the price at which your order was actually executed in the marketplace, which may be different from the price at which the security or option is trading when your order is entered. You understand that HTS Xxxxxxx may not be held liable for acting upon false oral instructions or forged documents.

Appears in 1 contract

Samples: Account Agreement

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