Common use of LIQUIDATION OF COLLATERAL OR ACCOUNT Clause in Contracts

LIQUIDATION OF COLLATERAL OR ACCOUNT. You may sell any or all property held in any of my accounts and cancel any open orders for the purchase or sale of any property without notice in the event of my death or whenever in your discretion you consider it necessary for your protection. In such events you also may borrow or buy-in all property required to make delivery against any sale, including a short sale, effected for me. Such sale or purchase may be public or private and may be made without advertising or notice to me and in such manner as you may in your discretion determine. No demands, calls, tenders or notices which you may make or give in any one or more instances shall invalidate the foregoing waiver on my part. At any such sale you may purchase the property fee of any right of redemption and I shall be liable for any deficiency in my accounts.

LIQUIDATION OF COLLATERAL OR ACCOUNT. You may sell any or all property held in any of my accounts and cancel any open orders for the purchase or sale of any property without notice in the event events of my death or whenever in your discretion you consider it necessary for your protection. In such events you also may borrow or buy-in buy -in all property required to make a delivery against any sale, including a short sale, effected for me. Such sale or purchase may be public or private and may be made without any advertising or notice to me and in such manner as you may in your discretion determine. No demands, calls, tenders or notices which you may make or give in any one or more instances shall invalidate the foregoing forgoing waiver on my part. At any such sale you may purchase the property fee free of any right of redemption and I shall be liable for any deficiency in my accounts.

LIQUIDATION OF COLLATERAL OR ACCOUNT. You may sell any or all property held in any of my accounts and cancel any open orders for the purchase or sale of any property without notice in the event events of my death or whenever in your discretion you consider it necessary for your protection. In such events you also may borrow or buy-in buy -in all property required to make a delivery against any sale, including a short sale, effected for me. Such sale or purchase may be public or private and may be made without any advertising or notice to me and in such manner as you may in your discretion determine. No demands, calls, tenders or notices which you may make or give in any one or more instances shall invalidate the foregoing forgoing waiver on my part. At any such sale you may purchase the property fee free of any right of redemption and I shall be liable for any deficiency in my accounts.any

LIQUIDATION OF COLLATERAL OR ACCOUNT. You may sell any or all property held in any of my accounts and cancel any open orders for the purchase or sale of any property without notice in the event events of my death or whenever in your discretion you consider it necessary for your protection. In such events you also may borrow or buy-in all property required to make a delivery against any sale, including a short sale, effected for me. Such sale or purchase may be public or private and may be made without any advertising or notice to me and in such manner as you may in your discretion determine. No demands, calls, tenders or notices which you may make or give in any one or more instances shall invalidate the foregoing forgoing waiver on my part. At any such sale you may purchase the property fee free of any right of redemption and I shall be liable for any deficiency in my accounts.

LIQUIDATION OF COLLATERAL OR ACCOUNT. You may sell any or all property held in any of my accounts and cancel any open orders for the purchase or sale of any property without notice in the event of my death or whenever in your discretion you consider it necessary for your protection. In such events you also may borrow or buy-in all property required to make delivery against any sale, including a short sale, effected for me. Such sale or purchase may be public or private and may be made without advertising or notice to me and in such manner as you your may in your discretion determine. No demands, calls, tenders or notices which by you may make or give in any one or more instances shall invalidate the foregoing this waiver on my partby me. At any such sale you may purchase the property fee free of any right of redemption and I shall be liable for any remaining deficiency in any of my accounts. -------------------------------------------------------------------------------- MARGIN AGREEMENT; PARAGRAPHS 16 THROUGH 19 APPLY ONLY TO MARGIN ACCOUNTS.

LIQUIDATION OF COLLATERAL OR ACCOUNT. You may sell any or all property held in any of my accounts and cancel any open orders for the purchase or sale of any property without notice in the event of my death or whenever in your discretion you consider it necessary for your protection. In such events event you also may borrow or buy-in all property required to make delivery against any sale, including a short sale, effected for me. Such sale or purchase may be public or private and may be made without advertising or notice to me and in such manner as you may in your discretion determine. No demands, calls, tenders or notices which you may make or give in any one or more instances shall invalidate the foregoing waiver on my part. At any such sale you may purchase the property fee free of any right of redemption and I shall be liable for any deficiency in my accounts. Without your prior written consent, I will not cause or allow any of the collateral held in my account, whether now owned or hereafter acquired, to be or become subject to any liens, security interests, mortgages or encumbrances of any nature other than your security interest. 16.

LIQUIDATION OF COLLATERAL OR ACCOUNT. You may sell any or all property held in any of my accounts and cancel any open orders for the purchase or sale of any property without notice in the event of my death or whenever whenever, in your discretion you consider discretion, it is necessary for your protectionprotection or in the event I fail to make payment(s) for loan balances as set forth in Paragraph 30. In such events you also may borrow or buy-in all property required to make delivery against any sale, including a short sale, effected for me. Such sale or purchase may be public or private and may be made without advertising or notice to me and in such manner as you may in your discretion determine. No demands, calls, tenders or notices which by you may make or give in any one or more instances shall invalidate the foregoing waiver on my partwaiver. At any such sale you may purchase the property fee free of any right of redemption and I shall be liable for any remaining deficiency in my accountsaccount(s).

LIQUIDATION OF COLLATERAL OR ACCOUNT. You may sell any or all securities and other property held in any of my accounts and cancel any open orders for the purchase or sale of any securities and other property without notice in the event of my death or whenever in your sole discretion you consider it necessary for your protection. In such events you also may borrow or buy-in all securities and other property required to make delivery against any sale, including a short sale, effected for me. Such sale or purchase may be public or private and may be made without advertising or notice to me and in such manner as you may in your sole discretion determine. No demands, calls, tenders or notices which you may make or give in any one or more instances shall invalidate the foregoing waiver on my part. At any such sale sale, you may purchase the property fee free of any right of redemption and I shall be liable for any deficiency in my accounts.