Common use of Pooling of Securities Clause in Contracts

Pooling of Securities. You agree that any Securities or other Investments deposited with us by you or purchased by us for your Account(s) may, at our absolute discretion, either be treated as fungible and pooled with the other like investments held by our other customers or specially allocated to your Account. You agree that in the event of any dividends or other distributions or benefits accruing, or any losses however arising (including losses resulting from a reduction in the number or amount of Securities or other deliverables available for delivery) being suffered, in connection with any given Securities or other Investments held like with like, your Account shall be credited for such dividends or other distributions or benefits payment made to you or, as the case may be, your Account shall be debited with the proportion of such loss equal to the proportion of the total number or amount of relative Securities or such other Investments which shall comprise Securities or Investments forming part of your Account.

Appears in 3 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

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Pooling of Securities. You agree that any Securities or other Investments deposited with us by you or purchased by us for your Account(s) may, at our absolute discretion, either be treated as fungible and or pooled with the other like investments held by our other customers clients or specially allocated to your Account. You agree that in the event of any dividends or other distributions or benefits accruing, accruing or any losses however arising (including losses resulting from a reduction in the number or amount of Securities or other deliverables available for delivery) being suffered, in . In connection with any given Securities or other Investments held like with like, your Account shall be credited for such dividends or other distributions or benefits payment made to you or, as the case may be, your Account shall be debited with the proportion of such loss equal to the proportion of the total number or of amount of relative Securities or such other Investments which shall comprise Securities or Investments forming part of your Account.

Appears in 3 contracts

Samples: Client Agreement, Client Agreement, Client Agreement

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Pooling of Securities. You agree that any Securities or other Investments deposited with us by you or purchased by us for your Account(s) may, at our absolute discretion, either be treated as fungible and or pooled with the other like investments held by our other customers or specially allocated to your Account. You agree that in the event of any dividends or other distributions or benefits accruing, accruing or any losses however arising (including losses resulting from a reduction in the number or amount of Securities or other deliverables available for delivery) being suffered, in . In connection with any given Securities or other Investments held like with like, your Account shall be credited for such dividends or other distributions or benefits payment made to you or, as the case may be, your Account shall be debited with the proportion of such loss equal to the proportion of the total number or of amount of relative Securities or such other Investments which shall comprise Securities or Investments forming part of your Account.

Appears in 2 contracts

Samples: S Agreement, S Agreement

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