Common use of Settlement and Charges Clause in Contracts

Settlement and Charges. The Client shall make full and timely settlement with BMO InvestorLine for each Transaction in Securities for the Investment Account, including, without limitation, depositing the requisite amount in the Account to settle the Transaction. If upon purchase or sale of any Security, BMO InvestorLine is unable to settle the Transaction by reason of the failure of the Client to make payment or deliver Securities in acceptable delivery form, the Client authorizes BMO InvestorLine to take the steps necessary to complete the Transaction in which event the Client will reimburse BMO InvestorLine for all costs, losses or liabilities incurred by BMO InvestorLine in connection therewith. The Client will pay to BMO InvestorLine all commissions, other transaction charges and any applicable taxes payable by the Client which BMO InvestorLine is required to collect in accordance with the fee schedule, as amended from time to time. The Client authorizes BMO InvestorLine to effect the settlement of Transactions in the Investment Account using monies available in the Bank Account or drawn by the Bank as agent of the Client from the Line of Credit. If at the time of a sale order, the Client does not hold the subject securities in the Account, the Client must satisfy BMO InvestorLine that the Client will be making delivery of the securities in negotiable form on or before the settlement date. Otherwise, if the Client does not hold the securities in the Account or is not making delivery in to BMO InvestorLine of the Securities to the Account on or before the settlement date, the Client must immediately advise BMO InvestorLine. BMO InvestorLine must be able to borrow the Securities for the Client in order to accept the order and make delivery of the sold securities on the settlement date. In this situation the order will be marked as a short sale. A borrowing fee may apply and the Client may be required to replace the borrowed securities on demand and without notice. The borrowing fee is set based on market availability, may vary significantly and is subject to change on a daily basis. The client agrees to pay the prevailing borrowing fee and waives notice of any and all changes in such borrowing fee. In addition to the commission, interest of other fees applicable to the transaction, BMO InvestorLine. (or parties related to same) may earn revenue from borrowing or lending securities to cover short positions. In the event that a short sale is not declared and securities are not delivered on settlement date, as expected, and BMO InvestorLine is required to deliver securities to settle the transaction, then the Client shall bear all costs related to BMO InvestorLine acquiring shares for that purpose.

Settlement and Charges. The Client shall make full and timely settlement with BMO InvestorLine for each Transaction in Securities for the Investment Account, including, without limitation, depositing the requisite amount in the Account to settle the Transaction. If upon purchase or sale of any Security, BMO InvestorLine is unable to settle the Transaction by reason of the failure of the Client to make payment or deliver Securities in acceptable delivery form, the Client authorizes BMO InvestorLine to take the steps necessary to complete the Transaction in which event the Client will reimburse BMO InvestorLine for all costs, losses or liabilities incurred by BMO InvestorLine in connection therewith. The Client will pay to BMO InvestorLine all commissions, other transaction charges and any applicable taxes payable by the Client which BMO InvestorLine is required to collect in accordance with respect of each Transaction (including any Transaction pursuant to Section 11). Such commissions and other transaction charges shall be at BMO InvestorLine’s customary rates in the fee schedule, circumstances or as amended negotiated between BMO InvestorLine and the Client from time to time. time The Client authorizes BMO InvestorLine to effect the settlement of Transactions in the Investment Account using monies available in the Bank Account or drawn by the Bank as agent of the Client from the Line of Credit. If at the time of a sale order, the Client does not hold the subject securities in the Account, the Client must satisfy BMO InvestorLine that the Client will be making delivery of the securities in negotiable form on or before the settlement date. Otherwise, if the Client does not hold the securities in the Account or is not making delivery in to BMO InvestorLine of the Securities to the Account on or before the settlement date, the Client must immediately advise BMO InvestorLine. BMO InvestorLine must be able to borrow the Securities for the Client in order to accept the order and make delivery of the sold securities on the settlement date. In this situation the order will be marked as a short sale. A borrowing fee may apply and the Client may be required to replace the borrowed securities on demand and without notice. The borrowing fee is set based on market availability, may vary significantly and is subject to change on a daily basis. The client agrees to pay the prevailing borrowing fee and waives notice of any and all changes in such borrowing fee. In addition to the commission, interest of other fees applicable to the transaction, BMO InvestorLine. InvestorLine (or parties related to same) may earn revenue from borrowing or lending securities to cover short positions. In the event that a short sale is not declared and securities are not delivered on settlement date, as expected, and BMO InvestorLine is required to deliver securities to settle the transaction, then the Client shall bear all costs related to BMO InvestorLine Xxxxxxx Xxxxx acquiring shares for that purpose.

Settlement and Charges. The Client shall make full and timely settlement with BMO InvestorLine for each Transaction in Securities for the Investment Account, including, without limitation, depositing the requisite amount in the Account to settle the Transaction. If upon purchase or sale of any Security, BMO InvestorLine is unable to settle the Transaction by reason of the failure of the Client to make payment or deliver Securities in acceptable delivery form, the Client authorizes BMO InvestorLine to take the steps necessary to complete the Transaction in which event the Client will reimburse BMO InvestorLine for all costs, losses or liabilities incurred by BMO InvestorLine in connection therewith. The Client will pay to BMO InvestorLine all commissions, other transaction charges and any applicable taxes payable by the Client which BMO InvestorLine is required to collect in accordance with respect of each Transaction (including any Transaction pursuant to Section 11). Such commissions and other transaction charges shall be at BMO InvestorLine’s customary rates in the fee schedule, circumstances or as amended negotiated between BMO InvestorLine and the Client from time to time. time The Client authorizes BMO InvestorLine to effect the settlement of Transactions in the Investment Account using monies available in the Bank Account or drawn by on the Bank as agent of the Client from the Line of CreditMargin Facility . If at the time of a sale order, the Client does not hold the subject securities in the Account, the Client must satisfy BMO InvestorLine that the Client will be making delivery of the securities in negotiable form on or before the settlement date. Otherwise, if the Client does not hold the securities in the Account or is not making delivery in to BMO InvestorLine of the Securities to the Account on or before the settlement date, the Client must immediately advise BMO InvestorLine. BMO InvestorLine must be able to borrow the Securities for the Client in order to accept the order and make delivery of the sold securities on the settlement date. In this situation the order will be marked as a short sale. A borrowing fee may apply and the Client may be required to replace the borrowed securities on demand and without notice. The borrowing fee is set based on market availability, may vary significantly and is subject to change on a daily basis. The client agrees to pay the prevailing borrowing fee and waives notice of any and all changes in such borrowing fee. In addition to the commission, interest of other fees applicable to the transaction, BMO InvestorLine. InvestorLine (or parties related to same) may earn revenue from borrowing or lending securities to cover short positions. In the event that a short sale is not declared and securities are not delivered on settlement date, as expected, and BMO InvestorLine is required to deliver securities to settle the transaction, then the Client shall bear all costs related to BMO InvestorLine Xxxxxxx Xxxxx acquiring shares for that purpose.

Settlement and Charges. The Client shall make full and timely settlement with BMO InvestorLine for each Transaction in Securities for the Investment Account, including, without limitation, depositing the requisite amount in the Account to settle the Transaction. If upon purchase or sale of any Security, BMO InvestorLine is unable to settle the Transaction by reason of the failure of the Client to make payment or deliver Securities in acceptable delivery form, the Client authorizes BMO InvestorLine to take the steps necessary to complete the Transaction in which event the Client will reimburse BMO InvestorLine for all costs, losses or liabilities incurred by BMO InvestorLine in connection therewith. The Client will pay to BMO InvestorLine all commissions, other transaction charges and any applicable taxes payable by the Client which BMO InvestorLine is required to collect in accordance with the fee schedule, as amended from time to time. The Client authorizes BMO InvestorLine to effect the settlement of Transactions in the Investment Account using monies available in the Bank Account or drawn by on the Bank as agent of the Client from the Line of CreditMargin Facility. If at the time of a sale order, the Client does not hold the subject securities in the Account, the Client must satisfy BMO InvestorLine that the Client will be making delivery of the securities in negotiable form on or before the settlement date. Otherwise, if the Client does not hold the securities in the Account or is not making delivery in to BMO InvestorLine of the Securities to the Account on or before the settlement date, the Client must immediately advise BMO InvestorLine. BMO InvestorLine must be able to borrow the Securities for the Client in order to accept the order and make delivery of the sold securities on the settlement date. In this situation the order will be marked as a short sale. A borrowing fee may apply and the Client may be required to replace the borrowed securities on demand and without notice. The borrowing fee is set based on market availability, may vary significantly and is subject to change on a daily basis. The client agrees to pay the prevailing borrowing fee and waives notice of any and all changes in such borrowing fee. In addition to the commission, interest of other fees applicable to the transaction, BMO InvestorLine. (or parties related to same) may earn revenue from borrowing or lending securities to cover short positions. In the event that a short sale is not declared and securities are not delivered on settlement date, as expected, and BMO InvestorLine is required to deliver securities to settle the transaction, then the Client shall bear all costs related to BMO InvestorLine acquiring shares for that purpose.