Securities or Other Property definition
Examples of Securities or Other Property in a sentence
Upon termination, you authorize us to: ● cancel any open orders and close any outstanding contracts; ● distribute the assets in your Securities Accounts to you after we deduct any fees associated with your Securities Accounts; and/or ● sell your Securities or Other Property at your risk and expense.
You understand and agree that the Securities or Other Property in your Securities Accounts may be transferred to the appropriate state if we are unable to contact you by mail or email and no activity has occurred in the Securities Accounts within the time period specified by state law.
We cannot be held responsible for losses if we sell any of your Securities or Other Property, even if liquidation or distribution would cause taxable consequences to you, or for the tax consequences of liquidating assets or distributing them to you.
In this connection, you appoint Broker as your agent and attorney- in-fact to exercise, in its sole discretion, all rights and to perform all obligations that may be exercisable in relation to any Securities or Other Property that are or were held in your Accounts.
We cannot be held responsible for losses if we sell any of your Securities or Other Property upon termination even if liquidation or distribution would cause taxable consequences to you, or for the tax consequences of liquidating assets or distributing them to you.
The Insurer will pay the Insured Entity for its direct loss of Money, Securities, or Other Property, directly caused by Computer Fraud that is Discovered during the Policy Period.
Each, successor Trustee shall succeed to the title of all Securities or Other Property then held in the Trust Fund and vested in its predecessor without the signing or filing of any further instrument, but any resigning or removed Trustee shall execute all documents and do all acts necessary to vest such title of record in any successor Trustee.
Where a debit balance remains on my Trading Account, I agree that I shall on request pay sufficient funds (or, if agreed with GTN Asia, deliver sufficient Securities or Other Property) into the Trading Account to remove the debit balance.
No Person dealing with the Trustee shall be required to follow the application by the Trustee of any moneys, Securities or Other Property paid or delivered to the Trustee.
The Insurer shall pay for loss resulting directly from the use of any computer to impersonate the Insured, or the Insured’s authorized officer or Employee, to gain direct access to the Insured’s computer system, or to the computer system of the Insured’s financial institution, and thereby fraudulently cause the transfer of Money, Securities or Other Property from the Insured’s Premises or Banking Premises to a person, entity, place or account outside of the Insured’s control.