Common use of MARGIN ACCOUNT AGREEMENT Clause in Contracts

MARGIN ACCOUNT AGREEMENT. A margin facility allows You to borrow funds from BB&T Securities, using acceptable securities for collateral for the loan. A margin account is required to make short sale transactions or to trade uncovered options. The term short sale refers to the sale of a security that You do not own at the time the order is placed. When a short sale is transacted, the security is borrowed for delivery to the purchaser. The borrowed security can be called in at any time by the lender. Securities eligible for margin trading must be traded on national securities exchanges or on the National Market System of NASDAQ and such securities must have an initial minimum market value of $5 per share. The loan available under a margin account is based on the current market value of the account and the types of securities in the account; therefore, the amount available for loan can change day to day. BB&T Securities may extend credit to You through this margin facility according to applicable laws and regulations and the Disclosure of Credit Terms and policies contained herein. Trading on margin can be speculative. You should understand the operation of this facility and its relationship to Your brokerage account, and if applicable, the check writing and debit features of your account. You should appreciate the operation of this account in various market conditions and You should carefully consider Your financial position, investment objectives and risk tolerance before trading on margin or accessing credit through the margin facility. Failure to maintain sufficient margin will result in forced liquidation of Your account and could result in a debit balance that You would owe BB&T Securities.

MARGIN ACCOUNT AGREEMENT. A margin facility allows You to borrow funds from BB&T Securities, using acceptable securities for collateral for the loan. A margin account is required to make short sale transactions or to trade uncovered options. The term short sale refers to the sale of a security that You do not own at the time the order is placed. When a short sale is transacted, the security is borrowed for delivery to the purchaser. The borrowed security can be called in at any time by the lender. Securities eligible for margin trading must be traded on national securities exchanges or on the National Market System of NASDAQ and such securities must have an initial minimum market value of $5 per share. The loan available under a margin account is based on the current market value of the account and the types of securities in the account; therefore, the amount available for loan can change day to day. BB&T Securities may extend credit to You through this margin facility according to applicable laws and regulations and the Disclosure of Credit Terms and policies contained herein. Trading on margin can be speculative. You should understand the operation of this facility and its relationship to Your brokerage account, and if applicable, the check writing and debit features of your accountfeatures. You should appreciate the operation of this account in various market conditions and You should carefully consider Your financial position, investment objectives and risk tolerance before trading on margin or accessing credit through the margin facility. Failure to maintain sufficient margin will result in forced liquidation of Your account and could result in a debit balance that You would owe BB&T Securities.

MARGIN ACCOUNT AGREEMENT. A margin facility allows You to borrow funds from BB&T Securities, using acceptable securities for collateral for the loan. A margin account is required to make short sale transactions or to trade uncovered options. The term short sale refers to the sale of a security that You do not own at the time the order is placed. When a short sale is transacted, the security is borrowed for delivery to the purchaser. The borrowed security can be called in at any time by the lender. Securities eligible for margin trading must be traded on national securities exchanges or on the National Market System of NASDAQ and such securities must have an initial minimum market value of $5 per share. The loan available under a margin account is based on the current market value of the account and the types of securities in the account; therefore, the amount available for loan can change day to day. BB&T Securities may extend credit to You through this margin facility according to applicable laws and regulations and the Disclosure of Credit Terms and policies contained hereincontainedherein. Trading on margin can be speculative. You should understand the operation of this facility and its relationship to Your brokerage account, and if applicable, the check writing and debit features of your Your account. You should appreciate the operation of this account in various market conditions and You should carefully consider Your financial position, investment objectives and risk tolerance before trading on margin or accessing credit through the margin facility. Failure to maintain sufficient margin will result in forced liquidation of Your account and could result in a debit balance that You would owe BB&T Securities.