Common use of Participation in Program Clause in Contracts

Participation in Program. You confirm that you agree to participate in the Program and authorize NBDB to deal with the assets in your Account in accordance with the standing instructions detailed herein, as well as applicable law and regulations. You understand and agree that this allows NBDB, in your name, to purchase, sell, exchange, convert and negotiate securities and carry out other investments allowed in respect of your Account for the assets you have selected and hold in your Account, and grants NBDB the authority to act in your name in any manner necessary or useful to further these standing instructions regarding the assets in your Account.