Authority of Each Client. Each of you acting alone is authorized to do the following on behalf of the Account, without notifying any of the other principals: ▪ buy and sell (including short sales) and otherwise deal in stocks, bonds and other securities, whether or not on margin; ▪ receive any and all communications from us or third parties, including confirmations, statements and other notifications; ▪ receive and withdraw money, securities or other property, without limitation in amount; and sign, make, change, waive or cancel authorizations, agreements and documents as we may require in connection with the Account.
Authority of Each Client. Each of the Clients, acting alone, is authorized and empowered for, and on behalf of all of the Clients,
Authority of Each Client. Each of the Clients, acting alone, is authorized and empowered for, and on behalf of all of the Clients: to buy and sell (including short sales) and otherwise deal in stocks, bonds and other securities on margin or otherwise through us; to receive every communication with respect to each account and transaction; to receive and withdraw money, securities or other property without limitation in amount, in the Client’s individual name or in the name of any other person at the Client’s direction, and to dispose of the same without recourse to us by any one or more of the Clients; to execute agreements relating to any of the foregoing matters and to terminate, modify or waive any of the applicable provisions; and generally to act and deal with us in respect of an account as fully and with the same authority as though the Client alone were interested in the account, all without notice to any other Clients. Each Applicant and Co-Applicant specifically acknowledges that SFI may make deliveries of securities or payments to any one of the Clients or any other person upon, or pursuant to, instructions received from any one of the Clients and in such event SFI will be under no duty or obligation to inquire into the purpose or propriety of any such instructions. S F I will not be bound to see to the application or disposition of the securities delivered or payments made. The Clients jointly and severally agree to indemnify and hold SFI harmless from any loss, liability or expense resulting from our acting in accordance with the above authority. Without in any way limiting the authority granted, SFI is authorized, in its absolute discretion, to require joint action by all of the Clients with respect to any matter concerning an account, including, but not limited to, the giving or cancellation of orders and the withdrawal of monies, securities or other property.
