Withholding for Taxes and Losses Sample Clauses

Withholding for Taxes and Losses. You further agree that we may withhold any amounts that we reasonably believe are necessary to pay any federal, state or local tax withholding obligations and outstanding debts to us. Through the Public Platform, Jiko Securities offers you the ability to invest in U.S. Treasury Bills (“T-Bill”) of different maturity periods (for example, 4 weeks, 26 weeks, 52 weeks, etc.). We call recurring investments in T-Bills of one type of maturity an “Investment Strategy.” For example, buying 26-week T-Bills on a recurring basis is a “26 Week Investment Strategy.” We will make a certain number of Investment Strategies available for you to choose from. When you submit an order via the Public Platform to fund the purchase of T-Bills pursuant to a certain Investment Strategy of your choice: 1. We use the funds available in your Jiko Brokerage Account to purchase T-Bills on your behalf. Funding your Jiko Brokerage Account is discussed in Section 1.3 of this Agreement. 2. Jiko Securities purchases as many of the most recent issuance of T-Bills that are traded on the secondary market (“on-the-run” T-Bills) of the designated maturity as possible. Because T-Bills are sold in increments (typically in quantities of 100 T-Bills) of maturity value, you may have funds remaining in your Jiko Brokerage Account after we purchase T-Bills on your behalf. If sufficient funds accumulate in your Jiko Brokerage Account for you to purchase another T-Bill of the designated maturity, we will execute that purchase on your behalf as described in this paragraph 2 or paragraph 3, if applicable. Because purchases made pursuant to this paragraph 2 are for “on-the-run” T-Bills, T-Bills purchased pursuant to this paragraph may have a time-to-maturity that is less than the full maturity of the T-Bill. 3. When a T-▇▇▇▇ held in your Jiko Brokerage Account reaches maturity, we will automatically reinvest the proceeds toward purchasing additional “on-the-run” T-Bills of the same maturity. Any leftover proceeds will remain in your Jiko Brokerage Account as cash until there are sufficient additional funds to purchase additional T-Bills of the designated maturity. Note Jiko Securities executes all orders for T-Bills on a principal basis. T-Bills you purchase may come out of Jiko Securities’ “inventory,” sold to you at current market prices. When you submit an order to withdraw funds (a “Withdrawal”): 1. We start by withdrawing your available cash. Sales of your existing T-Bills in your Jiko Brokerage Accoun...