Common use of DEPOSIT OF COLLATERAL, LIEN ON ACCOUNTS AND LIQUIDATION Clause in Contracts

DEPOSIT OF COLLATERAL, LIEN ON ACCOUNTS AND LIQUIDATION. In the event that additional collateral is requested, you may deposit cash or acceptable securities into your margin account. If satisfactory collateral is not promptly deposited after a request is made, LPL may, at its discretion, liquidate securities held in any of your accounts. In this connection, pursuant to this agreement, LPL retains a security interest in all securities and other property held in the accounts, including securities held for safekeeping, so long as any credit extended remains outstanding. Notwithstanding any other provision in this agreement to the contrary, any lien or security interest arising out of fees, charges or other obligations owed to LPL by an account of a Plan shall be limited to and enforceable against only the assets of such Plan account and any lien or security interest arising out of fees, charges or other obligations owed to LPL by a non-Plan account shall not extend to or be enforceable against the assets of any Plan account.

DEPOSIT OF COLLATERAL, LIEN ON ACCOUNTS AND LIQUIDATION. In the event that additional collateral is requested, you may deposit cash or acceptable securities into your margin account. If satisfactory collateral is not promptly deposited after a request is made, LPL may, at its discretion, liquidate securities held in any of your accountsaccounts at LPL, including the Account. In this connection, pursuant to this agreementAgreement, LPL retains a security interest in all securities and other property held in the its accounts, including securities held for safekeeping, so long as any credit extended remains outstanding. Notwithstanding any other provision in this agreement Agreement to the contrary, any lien or security interest arising out of fees, charges or other obligations owed to LPL by an account of a Plan an XXX or other plan subject to the prohibited transaction provisions of section 4975(c) of the Internal Revenue Code (“Plan”) shall be limited to and enforceable against only the assets of such Plan account and any lien or security interest arising out of fees, charges or other obligations owed to LPL by a non-Plan account shall not extend to or be enforceable against the assets of any Plan account.