Common use of Sales/Short Sales Clause in Contracts

Sales/Short Sales. I promise to deliver all securities sold in My Account and to provide collateral of a type and amount acceptable to Robinhood Financial for all short sales in My Account. Robinhood Financial requires that a security be held in My Account prior to the acceptance of a sell order with respect to such security unless the order is specifically designated as a "short sale." If a security is not held in My Account and a sell order is processed, I must promptly deliver such security to Robinhood Financial for receipt in good deliverable form on or before the settlement date. Any order accepted without negotiable certificates or positions in My Account will be subject, at Robinhood Financial's sole discretion, to cancellation or buy- in. To ensure this will not occur, I agree to only place sell orders for securities owned by Me and held in My Account at the time My order is placed. Proceeds of a sale will not be paid to Me or released into My Account until Robinhood Financial has received the security in good deliverable form, whether from a transfer agent or from Me and the settlement of the security is complete. If the security is not received on or before settlement date, or as market conditions warrant, Robinhood Financial may in its sole discretion purchase the security on the open market for My Account and may liquidate and close out any and all securities in My Account in order to pay for such purchase. In the event a security is bought in, I will be responsible for all resulting Losses incurred by Robinhood Financial. I understand that I may execute short sales only in a margin Account and that such execution must comply with applicable short sales rules.

Appears in 4 contracts

Samples: usermanual.wiki, cdn.robinhood.com, assets.ctfassets.net

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Sales/Short Sales. I promise to deliver all securities sold in My Account and to provide collateral of a type and amount acceptable to Robinhood Financial for all short sales in My Account. Robinhood Financial requires that a security be held in My Account prior to the acceptance of a sell order with respect to such security unless the order is specifically specifically designated as a "short sale." If a security is not held in My Account and a sell order is processed, I must promptly deliver such security to Robinhood Financial for receipt in good deliverable form on or before the settlement date. Any order accepted without negotiable certificates certificates or positions in My Account will be subject, at Robinhood Financial's ’s sole discretion, to cancellation or buy- buy-in. To ensure this will not occur, I agree to only place sell orders for securities owned by Me and held in My Account at the time My order is placed. Proceeds of a sale will not be paid to Me or released into My Account until Robinhood Financial has received the security in good deliverable form, whether from a transfer agent or from Me and the settlement of the security is complete. If the security is not received on or before settlement date, or as market conditions warrant, Robinhood Financial may in its sole discretion purchase the security on the open market for My Account and may liquidate and close out any and all securities in My Account in order to pay for such purchase. In the event a security is bought in, I will be responsible for all resulting Losses incurred by Robinhood Financial. I understand that I may execute short sales only in a margin Account and that such execution must comply with applicable short sales rules.

Appears in 3 contracts

Samples: ia902902.us.archive.org, ia802902.us.archive.org, assets.ctfassets.net

Sales/Short Sales. I promise to deliver all securities sold in My Account and to provide collateral of a type and amount acceptable to Robinhood Financial for all short sales in My Account. Robinhood Financial requires that a security be held in My Account prior to the acceptance of a sell order with respect to such security unless the order is specifically specifically designated as a "short sale." If a security is not held in My Account and a sell order is processed, I must promptly deliver such security to Robinhood Financial for receipt in good deliverable form on or before the settlement date. Any order accepted without negotiable certificates certificates or positions in My Account will be subject, at Robinhood Financial's sole discretion, to cancellation or buy- in. To ensure this will not occur, I agree to only place sell orders for securities owned by Me and held in My Account at the time My order is placed. Proceeds of a sale will not be paid to Me or released into My Account until Robinhood Financial has received the security in good deliverable form, whether from a transfer agent or from Me and the settlement of the security is complete. If the security is not received on or before settlement date, or as market conditions warrant, Robinhood Financial may in its sole discretion purchase the security on the open market for My Account and may liquidate and close out any and all securities in My Account in order to pay for such purchase. In the event a security is bought in, I will be responsible for all resulting Losses incurred by Robinhood Financial. I understand that I may execute short sales only in a margin Account and that such execution must comply with applicable short sales rules.

Appears in 2 contracts

Samples: usermanual.wiki, cdn.robinhood.com

Sales/Short Sales. I promise to deliver all securities sold in My Account and to provide collateral of a type and amount acceptable to Robinhood Financial Bamboo for all short sales in My Account. Robinhood Financial Bamboo requires that a security be held in My Account prior to the acceptance of a sell order with respect to such security unless the order is specifically specifically designated as a "short sale." If a security is not held in My Account and a sell order is processed, I must promptly deliver such security to Robinhood Financial Bamboo for receipt in good deliverable form on or before the settlement date. Any order accepted without negotiable certificates certificates or positions in My Account will be subject, at Robinhood FinancialBamboo's sole discretion, to cancellation or buy- buy-in. To ensure this will not occur, I agree to only place sell orders for securities owned by Me and held in My Account at the time My order is placed. Proceeds of a sale will not be paid to Me or released into My Account until Robinhood Financial Bamboo has received the security in good deliverable form, whether from a transfer agent or from Me and the settlement of the security is complete. If the security is not received on or before the settlement date, or as market conditions warrant, Robinhood Financial Bamboo may in its sole discretion purchase the security on the open market for My Account and may liquidate and close out any and all securities in My Account in order to pay for such purchase. In the event a security is bought in, I will be responsible for all resulting Losses incurred by Robinhood FinancialBamboo. I understand that I may execute short sales only in a margin Account and that such execution must comply with applicable short sales rules.

Appears in 1 contract

Samples: Bamboo Systems Technology Limited Customer Agreement

Sales/Short Sales. I promise to deliver all securities sold in My Account and to provide collateral of a type and amount acceptable to Robinhood Financial Alpaca for all short sales in My Account. Robinhood Financial Alpaca requires that a security be held in My Account an account prior to the acceptance of a sell order with respect to such security unless the order is specifically specifically designated as a "short sale." If a security is not held in My Account and a sell order is processed, I must promptly deliver such security to Robinhood Financial Alpaca for receipt in good deliverable form on or before the settlement date. Any order accepted without negotiable certificates certificates or positions in My Account will be subject, at Robinhood FinancialXxxxxx's sole discretion, to cancellation or buy- buy-in. To ensure this will not occur, I agree to only place sell orders for securities owned by Me and held in My Account at the time My order is placed. Proceeds of a sale will not be paid to Me me or released into My Account until Robinhood Financial Xxxxxx has received the security in good deliverable form, whether from a transfer agent or from Me and the settlement of the security is complete. If the security is not received on or before settlement date, or as market conditions warrant, Robinhood Financial Alpaca may in its sole discretion purchase the security on the open market for My Account and may liquidate and close out any and all securities in My Account in order to pay for such purchase. In the event a security is bought in, I will be responsible for all resulting Losses incurred by Robinhood FinancialXxxxxx. I understand that I may execute short sales only in a margin Margin Account (See Margin Agreement and Margin Disclosure Statement for more information) and that such execution must comply with applicable short sales rules.

Appears in 1 contract

Samples: Alpaca Customer Agreement

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Sales/Short Sales. I promise to deliver all securities sold in My Account and to provide collateral of a type and amount acceptable to Robinhood Financial Galaxie for all short sales in My Account. Robinhood Financial Galaxie requires that a security be held in My Account prior to the acceptance of a sell order with respect to such security unless the order is specifically specifically designated as a "short sale." If a security is not held in My Account and a sell order is processed, I must promptly deliver such security to Robinhood Financial Galaxie for receipt in good deliverable form on or before the settlement date. Any order accepted without negotiable certificates certificates or positions in My Account will be subject, at Robinhood FinancialBamboo's sole discretion, to cancellation or buy- buy-in. To ensure this will not occur, I agree to only place sell orders for securities owned by Me and held in My Account at the time My order is placed. Proceeds of a sale will not be paid to Me or released into My Account until Robinhood Financial Galaxie has received the security in good deliverable form, whether from a transfer agent or from Me and the settlement of the security is complete. If the security is not received on or before the settlement date, or as market conditions warrant, Robinhood Financial Galaxie may in its sole discretion purchase the security on the open market for My Account and may liquidate and close out any and all securities in My Account in order to pay for such purchase. In the event a security is bought in, I will be responsible for all resulting Losses incurred by Robinhood FinancialGalaxie. I understand that I may execute short sales only in a margin Account and that such execution must comply with applicable short sales rules.

Appears in 1 contract

Samples: Merveilleux Galaxie Limited Customer Agreement

Sales/Short Sales. I promise to deliver all securities sold in My Account and to provide collateral of a type and amount acceptable to Robinhood Financial Galaxie for all short sales in My Account. Robinhood Financial Galaxie requires that a security be held in My Account prior to the acceptance of a sell order with respect to such security unless the order is specifically specifically designated as a "short sale." If a security is not held in My Account and a sell order is processed, I must promptly deliver such security to Robinhood Financial Galaxie for receipt in good deliverable form on or before the settlement date. Any order accepted without negotiable certificates certificates or positions in My Account will be subject, at Robinhood FinancialXxxxxx's sole discretion, to cancellation or buy- buy-in. To ensure this will not occur, I agree to only place sell orders for securities owned by Me and held in My Account at the time My order is placed. Proceeds of a sale will not be paid to Me or released into My Account until Robinhood Financial Xxxxxxx has received the security in good deliverable form, whether from a transfer agent or from Me and the settlement of the security is complete. If the security is not received on or before the settlement date, or as market conditions warrant, Robinhood Financial Galaxie may in its sole discretion purchase the security on the open market for My Account and may liquidate and close out any and all securities in My Account in order to pay for such purchase. In the event a security is bought in, I will be responsible for all resulting Losses incurred by Robinhood FinancialXxxxxxx. I understand that I may execute short sales only in a margin Account and that such execution must comply with applicable short sales rules.

Appears in 1 contract

Samples: Merveilleux Galaxie Limited Customer Agreement

Sales/Short Sales. I promise to deliver all securities sold in My Account and to provide collateral of a type and amount acceptable to Robinhood Financial for all short sales in My Account. Robinhood Financial requires that a security be held in My Account prior to the acceptance of a sell order with respect to such security unless the order is specifically specifically designated as a "short sale." If a security is not held in My Account and a sell order is processed, I must promptly deliver such security to Robinhood Financial for receipt in good deliverable form on or before the settlement date. Any order accepted without negotiable certificates certificates or positions in My Account will be subject, at Robinhood Financial's sole discretion, to cancellation or buy- buy-in. To ensure this will not occur, I agree to only place sell orders for securities owned by Me and held in My Account at the time My order is placed. Proceeds of a sale will not be paid to Me or released into My Account until Robinhood Financial has received the security in good deliverable form, whether from a transfer agent or from Me and the settlement of the security is complete. If the security is not received on or before settlement date, or as market conditions warrant, Robinhood Financial may in its sole discretion purchase the security on the open market for My Account and may liquidate and close out any and all securities in My Account in order to pay for such purchase. In the event a security is bought in, I will be responsible for all resulting Losses incurred by Robinhood Financial. I understand that I may execute short sales only in a margin Account and that such execution must comply with applicable short sales rules.

Appears in 1 contract

Samples: assets.ctfassets.net

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