Common use of Fund Deposit Clause in Contracts

Fund Deposit. The Client agrees to deposit the Client’s own funds for the purpose solely of making securities investment. The Client further agrees not to deposit or transfer, and GTJAS is under no obligation to accept for deposit, into the Client’s Account any Securities, cheques, bank drafts or other property which are not in the Client’s name. Should GTJAS decide to accept such deposit, the Client shall indemnify GTJAS for all loss and liability incurred by GTJAS in connection therewith.

Appears in 2 contracts

Sources: Client Agreement for Securities Trading, Client Agreement for Securities Trading