ACCOUNT RESTRICTIONS. In order to receive and maintain a VISA Secured Feature Category, You agree to give Us a specific pledge of shares which will equal Your Credit Limit. In the event that You default on Your Account, We may apply these shares toward the repayment of any amount owed on Your VISA Secured Feature Category. You may cancel Your VISA Secured Feature Category at any time by paying any amounts owed on Your VISA Secured balance. To be certain that Your entire balance and all advances are paid, any shares pledged may not be available to You for 30 days after You have cancelled and any outstanding balance is paid in full. LINE OF CREDIT LIMITS. You will be notified of each specific Credit Limit for each Feature Category for which You are approved. Unless You are in default, any Credit Limits established for You will generally be self-replenishing as You make payments. You will keep Your unpaid balance within Your Credit Limit set by Us, and You will pay any amount over Your Credit Limit on Our demand whether or not We authorize the advances which caused You to exceed Your Credit Limit. Even if Your unpaid balance is less than Your Credit Limit, You will have no credit available during any time that any aspect of Your Account is in default.
ACCOUNT RESTRICTIONS. In order to receive and maintain a Secured VISA Platinum Rewards Credit Card, You agree to give Us a specific pledge of shares which will equal 105.00% of Your approved Credit Limit. In the event that You default on Your Secured VISA Platinum Rewards Credit Card, We may apply these shares toward the repayment of any amount owed on such Credit Card. You may cancel Your Secured VISA Platinum Rewards Credit Card at any time by paying any amounts owed on such Card. To be certain that Your entire balance and all advances are paid, any shares pledged may not be available to You for 30 days after You have cancelled and any outstanding balance is paid in full. LINE OF CREDIT LIMITS. You will be notified of each specific Credit Limit for which You are approved. Unless You are in default, the Credit Limits established for You will generally be self-replenishing as You make payments. You will keep Your unpaid balance within Your Credit Limit(s) set by Us, and You will pay any amount over Your Credit Limit(s) on Our demand whether or not We authorize the advances which caused You to exceed Your Credit Limit(s). Even if Your unpaid balance is less than Your Credit Limit(s), You will have no credit available during any time that any aspect of Your Account is in default.
ACCOUNT RESTRICTIONS. You agree that Firstrade Securities Inc. reserves the right in its sole discretion to reject, cancel or modify any order which you have placed through Firstrade Securities Inc.'s Electronic Services for any reason and without prior notice to you, including orders for which you have received an order number. You acknowledge that any order you place which Firstrade Securities Inc., in its sole discretion, deems to be disruptive to the securities markets, unusual in size, ripe or credit risk or which exceeds Firstrade Securities Inc.'s usual authorized limits may be subject to rejection, cancellation or modification. You acknowledge that market orders cannot always be canceled and the order may be executed before the request for cancellation is received by Firstrade Securities Inc. You acknowledge that your orders may not be reviewed for accurateness and/or suitability by Firstrade Securities Inc. prior to their submission to a market center and you agree that you are fully responsible for determining the suitability of your orders and your investment decisions. You acknowledge that Firstrade Securities Inc. may, in its sole discretion, place trading restrictions on your account(s).
ACCOUNT RESTRICTIONS. In order to receive and maintain a VISA Secured or VISA Secured (Introductory Rate) Feature Category, You agree to give Us a specific pledge of shares which will be equal to 110% of Your Credit Limit. In the event that You default on Your VISA Secured or VISA Secured (Introductory Rate) Feature Category, We may apply these shares toward the repayment of any amount owed on such Feature Category. You may cancel Your VISA Secured or VISA Secured (Introductory Rate) Feature Category at any time by paying any amounts owed on that Feature Category. To be certain that Your entire balance and all advances are paid, any shares pledged may not be available to You for 30 days after You have cancelled and any outstanding balance is paid in full. LINE OF CREDIT LIMITS. You will be notified of each specific Credit Limit for each Feature Category for which You are approved. Unless You are in default, any Credit Limits established for You will generally be self-replenishing as You make payments. You will keep Your unpaid balance within Your Credit Limit set by Us, and You will pay any amount over Your Credit Limit on Our demand whether or not We authorize the advances which caused You to exceed Your Credit Limit. Even if Your unpaid balance is less than Your Credit Limit, You will have no credit available during any time that any aspect of Your Account is in default.
ACCOUNT RESTRICTIONS. In order to receive and maintain a Share Secured VISA or Share Secured MasterCard, You agree to give Us a specific pledge of shares which will be equal to 125.00% of Your Credit Limit. In the event that You default on Your Account, We may apply these shares toward the repayment of any amount owed on Your Account.
ACCOUNT RESTRICTIONS. If there is a restriction on the Client’s Account at Third-Party Broker, the Client’s use of the Third- Party Broker platform and trading functions will also be restricted with respect to such Accounts. Third-Party Broker reserves the right to require cash or equity deposits, and to determine the adequacy of such deposit, prior to the lifting of a restriction and the resumed use of the Third-Party Broker Platform. Neither TBCC, nor Third-Party Broker is responsible for any delay or failure to provide services to the Client’s Account while a restriction is in place, including the execution of any securities Order if the Client lacks sufficient funds in the Client’ Account or the Client delays or fails to make a required cash or equity deposit.
ACCOUNT RESTRICTIONS. The Credit Union may restrict services on your account at any time without notice to you if such restrictions are in the best interest of the Credit Union or to protect you from loss.
ACCOUNT RESTRICTIONS. You understand and agree that we will not monitor your account for any requested two party signature restriction and you do hold us harmless for all loss and liability, whether direct or indirect, incurred by you for payment by us of any item or withdrawal of any sums based upon only one of the required signatures.
ACCOUNT RESTRICTIONS. In order to receive and maintain a Share Secured VISA, You agree to give Us a specific pledge of shares which will equal 110% of Your Credit Limit. In the event that You default, We may apply these shares toward the repayment of any amount owed on Your Share Secured VISA. You may cancel Your Share Secured VISA at any time by paying any amounts owed on Your Share Secured VISA and returning any access devices. To be certain that Your entire balance and all advances are paid, any shares pledged may not be available to you for 30 days after You have cancelled Your Share Secured VISA and any outstanding balance is paid in full. FINANCE CHARGES. In the case of any transactions on Your Account, the balances subject to the periodic Finance Charge are the average daily transactions balances outstanding during the month (including new transactions). Separate average daily balances are calculated for purchases, balance transfers and cash advances. To get each average daily balance, each daily balance for each day of the billing cycle for purchases, balance transfers and for cash advances are added and the totals are divided by the number of days in the billing cycle. To get the daily balance for cash advances, new cash advances are added to the day's beginning balance and payments and credits are subtracted. To get the daily balance for balance transfers, new balance transfers are added to the day's beginning balance and payments and credits are subtracted. To get the daily balance for purchases, new purchases are added to the day's beginning balance and payments and credits are subtracted. This gives Us the daily balance. We then add up all the daily balances for the billing cycle and divide the total by the number of days in the billing cycle. This gives Us the Average Daily Balance. We then multiply the Average Daily Balances for purchases, balance transfers and cash advances by the Daily Periodic Rate times the number of days in the billing cycle. You can avoid Finance Charges on purchases by paying the full amount of the entire balance owed each month within a grace period which varies between 23 and 26 days from Your statement closing date depending on the number of days in the month. Otherwise, the new balance of purchases, and subsequent purchases from the date they are posted to Your Account, will be subject to a Finance Charge. Cash advances (including Convenience Checks) and balance transfers are always subject to a Finance Charge from the date they are po...
ACCOUNT RESTRICTIONS. If your account is restricted for any reason including as a result of having insufficient collateral for margin trading, you may not be able to execute certain orders until the restriction has been lifted, or until sufficient cash is in the account for purchases and securities are in the account in the case of certain sales. SHORT SALES A short sale is a margin transaction subject to initial margin and margin maintenance requirements. In most cases, the initial equity requirement for the short sale of an equity security is 150% of the sales proceeds of the security, plus commissions. Equity securities selling for $5 or less and odd lots usually may not be sold short. Different requirements apply to non-equity securities. Generally, current margin maintenance rules require you to maintain equity in your account equal to at least our minimum maintenance requirement for the market value of each stock "short" in your account. Please visit our websites for our current margin requirements. The value of securities held short in your account is "marked to the market" each day. Increases in the market value will increase your daily adjusted debit balance (on which interest is charged) by the same amount, while decreases in the market value will decrease your daily adjusted debit balance by the same amount. As a result of increases in your daily adjusted debit balance, the collateral held in your account may become insufficient. Short sale proceeds are part of the collateral securing our loan of the security to you, and you may not withdraw these proceeds from your account. You are liable for all dividends paid on securities you have borrowed for the purpose of short sales. For our protection, we may, at our discretion and without notice, immediately cover your short security positions by purchasing for your account securities to replace those sold short. We may cover your position because: the lender of the securities recalls them; we anticipate an inability to borrow or re-borrow these securities; or for any other reason. If several accounts hold short positions in a security and not all of the positions are to be covered, we may select the positions to be covered on a random basis. In covering a short position, we may at our discretion purchase securities for your account using a Window Trade or a Direct Trade either on a normal settlement basis, next-day or a cash settlement basis. The price of securities purchased on a next-day or cash settlement basis is usual...
