Common use of Opening of Accounts Clause in Contracts

Opening of Accounts. (i) At the time of the opening of each Introduced Account, Correspondent shall furnish CSC with all financial and personal information concerning such Introduced Accounts as CSC may reasonably require. At the time of the opening of Introduced Accounts which are margin accounts, the Correspondent shall furnish CSC with executed customers' agreements, hypothecation agreements and consents to loans of securities (collectively, the "margin agreement"). CSC shall supply the Correspondent with margin agreement forms regarding margin accounts in sufficient quantities, such forms to be submitted to CSC upon their completion by the Correspondent. If any Introduced Account may have been opened without CSC having previously received a properly executed margin agreement, failure of CSC to receive such margin agreements shall not be deemed to be a waiver of the information requirements set forth herein. Upon the written or oral request of CSC, the Correspondent shall furnish CSC with any other documents and agreements executed by the Introduced Account on forms which shall be supplied by CSC in sufficient quantities and which may reasonably be required by CSC in connection with the opening, operating or maintaining of Introduced Accounts. CSC may, at its option, mail margin agreements or "new account" forms directly to the Introduced Accounts upon notification by the Correspondent, and/or require completion of its own margin agreement or "new account" forms and, if required, option account agreements for the Introduced Accounts. The Correspondent shall promptly provide CSC with basic data and copies of documents relating to each of the Introduced Accounts, including, but not otherwise limited to, copies of records of any receipts of the Introduced Accounts' funds and/or securities received directly by the Correspondent, as shall be necessary for CSC to discharge its service obligations hereunder.

Opening of Accounts. (i) A. At the time of the opening of each Introduced Account, Correspondent the Introducing Firm shall furnish CSC the Clearing Firm with all financial and personal information concerning such Introduced Accounts as CSC the Clearing Firm may reasonably require. At the time of the opening of Introduced Accounts which that are margin accounts, the Correspondent Introducing Firm shall furnish CSC the Clearing Firm with executed customers' agreements, hypothecation agreements and consents to loans of securities (collectively, the "margin agreement"). CSC The Clearing Firm shall supply the Correspondent Introducing Firm with "new account" and margin agreement forms regarding margin accounts in sufficient quantities, such forms to be submitted to CSC the Clearing Firm upon their completion by the CorrespondentIntroducing Firm. If any Introduced Account may have been opened without CSC the Clearing Firm having previously received the foregoing information or, in the case of a margin account, without the Clearing Firm having previously received properly executed margin agreementagreements, failure of CSC the Clearing Firm to receive such information or margin agreements shall not be deemed to be a waiver of the information requirements set forth herein. Upon the written or oral request of CSCthe Clearing Firm, the Correspondent Introducing Firm shall furnish CSC the Clearing Firm with any other documents and agreements executed by the Introduced Account on forms which shall be supplied by CSC the Clearing Firm in sufficient quantities and which may reasonably be required by CSC the Clearing Firm in connection with the opening, operating or maintaining of Introduced Accounts. CSC The Clearing Firm may, at its optionelection, mail margin agreements agreement or "new account" forms directly to the Introduced Accounts upon notification by the CorrespondentIntroducing Firm, and/or require completion of its own margin agreement or "new account" forms and, if required, option account agreements for the Introduced Accounts. The Correspondent Introducing Firm shall promptly provide CSC the Clearing Firm with basic data and copies of documents relating to each of the Introduced Accounts, including, but not otherwise limited to, copies of records of any receipts of the Introduced Accounts' funds and/or securities received directly by the CorrespondentIntroducing Firm, as shall be necessary for CSC the Clearing Firm to discharge its service obligations hereunder.

Opening of Accounts. (i) A. At the time of the opening of each Introduced Account, Correspondent the Introducing Firm shall furnish CSC the Clearing Firm with all financial and personal information concerning such Introduced Accounts as CSC the Clearing Firm may reasonably require. At the time of the opening of Introduced Accounts which that are margin accounts, the Correspondent Introducing Firm shall furnish CSC the Clearing Firm with executed customers' agreements, hypothecation agreements and consents to loans of securities (collectively, the "margin agreement"). CSC The Clearing Firm shall supply the Correspondent Introducing Firm with "new account" and margin agreement forms regarding margin accounts in sufficient quantities, such forms to be submitted to CSC the Clearing Firm upon their completion by the Correspondent. Introducing Firm, If any Introduced Account may have been opened without CSC the Clearing Firm having previously received the foregoing information or, in the case of a margin account, without the Clearing Firm having previously received properly executed margin agreementagreements, failure of CSC the Clearing Firm to receive such information or margin agreements shall not be deemed to be a waiver of the information requirements set forth herein. Upon the written or oral request of CSCthe Clearing Firm, the Correspondent Introducing Firm shall furnish CSC the Clearing Firm with any other documents and agreements executed by the Introduced Account on forms which shall be supplied by CSC the Clearing Firm in sufficient quantities and which may reasonably be required by CSC the Clearing Firm in connection with the opening, operating or maintaining of Introduced Accounts. CSC The Clearing Firm may, at its optionelection, mail margin agreements agreement or "new account" forms directly to the Introduced Accounts upon notification by the CorrespondentIntroducing Firm, and/or require completion of its own margin agreement or "new account" forms and, if required, option account agreements for the Introduced Accounts. The Correspondent Introducing Firm shall promptly provide CSC the Clearing Firm with basic data and copies of documents relating to each of the Introduced Accounts, including, but not otherwise limited to, copies of records of any receipts of the Introduced Accounts' funds and/or securities received directly by the CorrespondentIntroducing Firm, as shall be necessary for CSC the Clearing Firm to discharge its service obligations hereunder.

Opening of Accounts. (i) At the time of the opening of each Introduced Account, Correspondent shall furnish CSC with all financial and personal information concerning such Introduced Accounts as CSC may reasonably require. At the time of the opening of any Introduced Accounts which are margin accounts, the Correspondent shall furnish CSC with executed customers' agreements, hypothecation agreements and consents to loans of securities (collectively, the "margin agreement"). , CSC shall supply the Correspondent with margin agreement forms regarding margin accounts in sufficient quantities, such forms to be submitted to CSC upon their completion by Tejas Securities Group -- Agreement the Correspondent. If any Introduced Account may have been opened without CSC having previously received a properly executed margin agreement, failure of CSC to receive such margin agreements shall not be deemed to be a waiver of the information requirements set forth herein. Upon the written or oral request of CSC, the Correspondent shall furnish CSC with any other documents and agreements executed by the Introduced Account on forms which shall be supplied by CSC in sufficient quantities and which may reasonably be required by CSC in connection with the opening, operating or maintaining of any Introduced AccountsAccount. CSC may, at its option, mail margin agreements or agreements, option agreements, "new account" forms or any other form at its discretion directly to the Introduced Accounts upon notification by of the Correspondent, and/or require completion of its own said margin agreement or agreements, "new account" forms and/or other forms, and, if required, option account agreements for the Introduced Accounts. The Correspondent shall promptly provide CSC with basic data and copies of documents relating to each of the Introduced Accounts, including, but not otherwise limited to, copies of records of any receipts of the Introduced Accounts' funds and/or securities received directly by the Correspondent, as shall be necessary for CSC to discharge its service obligations hereunder.

Opening of Accounts. (i) A. At the time of the opening of each Introduced Account, Correspondent the Introducing Firm shall furnish CSC the Clearing Firm with all financial and personal information concerning such Introduced Accounts as CSC the Clearing Firm may reasonably requirerequire including but not limited to the tax identification number for each Introduced Account. At the time of the opening of Introduced Accounts which that are margin accounts, the Correspondent Introducing Firm shall furnish CSC the Clearing Firm with executed customers' agreements, hypothecation agreements and consents to loans of securities (collectively, the "margin agreement"). CSC With respect to Introduced Accounts which are Individual Retirement Accounts for which the Clearing Firm serves as custodian, the Introducing Firm shall furnish such documentation and information as may be required by the Clearing Firm. The Clearing Firm shall supply the Correspondent Introducing Firm with "new account" and margin agreement forms regarding margin accounts in sufficient quantities, such forms to be submitted to CSC upon their completion by the Correspondent. If any Introduced Account may have been opened without CSC the Clearing Firm having previously received the foregoing information or, in the case of a margin account, without the Clearing Firm having previously received properly executed margin agreementagreements, failure of CSC the Clearing Firm to receive such information or margin agreements shall not be deemed to be a waiver of the information requirements set forth herein. Upon the written or oral request The Introducing Firm shall make and maintain copies of CSC, the Correspondent shall furnish CSC with any other documents and all agreements executed by the Introduced Account on forms which shall be supplied by CSC in sufficient quantities and which may reasonably be required by CSC in connection with the opening, operating or maintaining of Introduced Accounts. CSC may, at its option, mail margin agreements or "new account" forms directly related to the Introduced Accounts upon notification by the Correspondent, and/or require completion of its own margin agreement or "new account" forms and, if required, option account agreements for the Introduced Accounts. The Correspondent shall promptly provide CSC with basic data and copies of documents relating to each of the Introduced Accounts, including, including but not otherwise limited to, copies of records of any receipts of the Introduced Accounts' funds and/or securities received directly by the Correspondent, as shall be necessary for CSC to discharge its service obligations hereunder.tax identification number and appropriate certification

Opening of Accounts. (i) At X.Xx the time of the opening of each Introduced Account, Correspondent the Introducing Firm shall furnish CSC the Clearing Firm with all financial and personal information concerning such Introduced Accounts as CSC the Clearing Firm may reasonably require. At the time of the opening of Introduced Accounts which that are margin accounts, the Correspondent Introducing Firm shall furnish CSC the Clearing Firm with executed customers' agreements, hypothecation agreements and consents to loans of securities (collectively, the "margin agreement"). CSC The Clearing Firm shall supply the Correspondent Introducing Firm with "new account" and margin agreement forms regarding margin accounts in sufficient quantities, such forms to be submitted to CSC the Clearing Firm upon their completion by the CorrespondentIntroducing Firm. If any Introduced Account may have been opened without CSC the Clearing Firm having previously received the foregoing information or, in the case of a margin account, without the Clearing Firm having previously received properly executed margin agreementagreements, failure of CSC the Clearing Firm to receive such information or margin agreements shall not be deemed to be a waiver of the information requirements set forth herein. Upon the written or oral request of CSCthe Clearing Firm, the Correspondent Introducing Firm shall furnish CSC the Clearing Firm with any other documents and agreements executed by the Introduced Account on forms which shall be supplied by CSC the Clearing Firm in sufficient quantities and which may reasonably be required by CSC the Clearing Firm in connection with the opening, operating or maintaining of Introduced Accounts. CSC The Clearing Firm may, at its optionelection, mail margin agreements agreement or "new account" forms directly to the Introduced Accounts upon notification by the CorrespondentIntroducing Firm, and/or require completion of its own margin agreement or "new account" forms and, if required, option account agreements for the Introduced Accounts. The Correspondent Introducing Firm shall promptly provide CSC the Clearing Firm with basic data and copies of documents relating to each of the Introduced Accounts, including, but not otherwise limited to, copies of records of any receipts of the Introduced Accounts' funds and/or securities received directly by the CorrespondentIntroducing Firm, as shall be necessary for CSC the Clearing Firm to discharge its service obligations hereunder.

Opening of Accounts. (i) At the time of the opening of each Introduced Account, Correspondent shall furnish CSC with all financial and personal information concerning such Introduced Accounts as CSC may reasonably require. At the time of the opening of any Introduced Accounts which are margin accounts, the Correspondent shall furnish CSC with executed customers' agreements, hypothecation agreements and consents to loans of securities (collectively, the "margin agreement"). CSC shall supply the Correspondent with margin agreement forms regarding margin accounts in sufficient quantities, such forms to be submitted to CSC upon their completion by the Correspondentcorrespondent. If any Introduced Account may have been opened without CSC having previously received a properly executed margin agreement, failure of CSC to receive such margin agreements shall not be deemed to be a waiver of the information requirements set forth herein. Upon the written or oral request of CSC, the Correspondent shall furnish CSC with any other documents and agreements executed by the Introduced Account on forms which shall be supplied by CSC in sufficient quantities and which may reasonably be required by CSC in connection with the opening, operating or maintaining of any Introduced AccountsAccount. CSC may, at its option, mail margin agreements or agreements, option agreements, "new account" forms or any other form at its discretion directly to the Introduced Accounts upon notification by of the Correspondent, and/or require completion of its own said margin agreement or agreements, "new account" forms and/or other forms, and, if required, option account agreements for the Introduced Accounts. The Correspondent shall promptly provide CSC with basic data and copies of documents relating to each of the Introduced Accounts, including, but not otherwise limited to, copies of records of any receipts of the Introduced Accounts' funds and/or securities received directly by the Correspondent, as shall be necessary for CSC to discharge its service obligations hereunder.