Common use of Interest Fees Clause in Contracts

Interest Fees. Client agrees to pay interest charges which may be imposed by Xxxxxx and charged by Clearing Firm in accordance with the terms of the “Interest Charges Disclosure Statement” and Broker’s and Clearing Firm’s usual custom as may be modified by any side rate letter issued by Broker, if applicable, with respect to late payments in conjunction with any transaction, including for securities purchased, in Client’s Account and prepayments in Client’s Account (i.e., the crediting of the proceeds of sale prior to settlement date or prior to the receipt by Clearing Firm of the item sold in good deliverable form) in cash accounts at the rate charged on net Debit Balances in margin accounts. Similarly, Broker may, but does not necessarily, charge interest on late payments by Client for securities purchased in cash accounts at the rate charged on net Debit Balances in margin accounts. Client acknowledges receipt of the attached supplement entitled “Interest Charges Disclosure Statement” and a rate schedule, if applicable, and agrees to be bound thereby. Client agrees to pay promptly any amount which may become due in order to meet requests for additional deposits or marks to market with respect to any transactions, including unissued securities purchased or sold by Client. Client agrees to promptly pay such commission rates as Broker or Clearing Firm may from time to time charge, as well as all other costs and fees (including, without limitation, an account maintenance fee, custody fees, ticket and clearing charges and fees imposed by any Exchange or other regulatory or self- regulatory organizations) arising out of Broker’s or Clearing Firm’s provision of services to Client and Client’s Account. Client authorizes Xxxxxx and Clearing Firm to automatically debit Client’s Account in payment of any charges posted to the Account. Except as required by applicable law, each payment by Client, and all deliveries of margin or collateral, under this Account Agreement shall be made, and the value of any margin or collateral shall be calculated, without withholding or deducting any taxes (including, for the avoidance of doubt, any withholding taxes), levies, imposts, duties, charges, assessments or fees of any nature, including interest, penalties and additions thereto that are imposed by any taxing authority (“Taxes”). If any Taxes are required to be withheld or deducted, Client shall pay such additional amounts as necessary to ensure that the actual net amount received by Broker is equal to the amount that Broker would have received had no such withholding or deduction been required. With respect to payments by Broker to Client under this Account Agreement, Client will provide Broker with any forms or documentation reasonably requested by Broker in order to reduce or eliminate withholding tax thereon. Broker is hereby authorized to withhold Taxes from any payment made hereunder and remit such Taxes to the relevant taxing authorities to the extent required by applicable law.

Interest Fees. Client agrees to pay interest charges which may be imposed by Xxxxxx and charged by Clearing Firm GS&Co. in accordance with the terms of the “Interest Charges Margin Lending Requirements Disclosure Statement” and Broker’s and Clearing FirmGS&Co.’s usual custom as may be modified by any side rate letter issued by BrokerGS&Co., if applicable, with respect to late payments in conjunction with any transaction, including for securities purchased, in Client’s Account and prepayments in Client’s Account (i.e., the crediting of the proceeds of sale prior to settlement date or prior to the receipt by Clearing Firm GS&Co. of the item sold in good deliverable form) in cash accounts at the rate charged on net Debit Balances in margin accounts. Similarly, Broker may, but does not necessarily, charge interest on late payments by Client for securities purchased in cash accounts at the rate charged on net Debit Balances in margin accounts). Client acknowledges receipt of the attached supplement entitled “Interest Charges Margin Lending Disclosure Statement” and a side rate scheduleletter, if applicable, and agrees to be bound thereby. Client agrees to pay promptly any amount which may become due in order to meet requests for additional deposits or marks to market with respect to any transactions, including unissued securities purchased or sold by Client. Client agrees to promptly pay such commission rates as Broker or Clearing Firm GS may from time to time charge, as well as all other costs and fees (including, without limitation, an any account maintenance feefees, custody fees, ticket and clearing charges and fees imposed by any Exchange or other regulatory or self- self-regulatory organizations) arising out of Broker’s or Clearing FirmGS’s provision of services to Client and Client’s Account. Client authorizes Xxxxxx and Clearing Firm GS&Co. to automatically debit Client’s Account in payment of any charges posted to the Account. Except as required by applicable law, each payment by Client, and all deliveries of margin or collateral, under this New Account Agreement shall be made, and the value of any margin or collateral shall be calculated, without withholding or deducting any taxes (including, for the avoidance of doubt, any withholding taxes), levies, imposts, duties, charges, assessments or fees of any nature, including interest, penalties and additions thereto that are imposed by any taxing authority (“Taxes”). If any Taxes are required to be withheld or deducted, Client shall pay such additional amounts as necessary to ensure that the actual net amount received by Broker GS is equal to the amount that Broker GS would have received had no such withholding or deduction been required. With respect to payments by Broker GS to Client under this New Account Agreement, Client will provide Broker GS with any forms or documentation reasonably requested by Broker GS in order to reduce or eliminate withholding tax thereon. Broker GS is hereby authorized to withhold Taxes from any payment made hereunder and remit such Taxes to the relevant taxing authorities to the extent required by applicable law.

Interest Fees. Client agrees to pay interest charges which may be imposed by Xxxxxx and charged by Clearing Firm in accordance with the terms of the “Interest Charges Disclosure Statement” and Broker’s and Clearing Firm’s usual custom as may be modified by any side rate letter issued by Broker, if applicablecustom, with respect to late payments in conjunction with any transaction, including for securities purchased, in Client’s Account and prepayments in Client’s Account (i.e., the crediting of the proceeds of sale prior to settlement date or prior to the receipt by Clearing Firm of the item sold in good deliverable form) in cash accounts at the rate charged on net Debit Balances in margin accounts. Similarly, Broker may, but does not necessarily, charge interest on late payments by Client for securities purchased in cash accounts at the rate charged on net Debit Balances in margin accounts). Client acknowledges receipt of the attached supplement entitled “Interest Charges and Margin Requirements Disclosure Statement” and a side rate scheduleletter, if applicable, and agrees to be bound thereby. Client agrees to pay promptly any amount which may become due in order to meet requests for additional deposits or marks to market with respect to any transactions, transactions including unissued securities purchased or sold by Client. Client agrees to pay promptly pay such commission rates as Broker any custody or Clearing Firm other fees which may from time to time charge, as well as all other costs and fees (including, without limitation, an account maintenance fee, custody fees, ticket and clearing charges and fees be imposed by any Exchange or other regulatory or self- regulatory organizations) arising out of Broker’s or Clearing Firm’s provision of services with respect to Client and Client’s Accountthe account. Client authorizes Xxxxxx and Clearing Firm to automatically debit Client’s Account in payment of any charges posted to the Account. Except as required by applicable law, each payment by Client, and all deliveries of margin or collateral, under this New Account Agreement shall be made, and the value of any margin or collateral shall be calculated, without withholding or deducting any taxes (including, for the avoidance of doubt, any withholding taxes), levies, imposts, duties, charges, assessments or fees of any nature, including interest, penalties and additions thereto that are imposed by any taxing authority (“Taxes”). If any Taxes are required to be withheld or deducted, Client shall pay such additional amounts as necessary to ensure that the actual net amount received by Broker is equal to the amount that Broker would have received had no such withholding or deduction been required. With respect to payments by Broker to Client under this New Account Agreement, Client will provide Broker with any forms or documentation reasonably requested by Broker in order to reduce or eliminate withholding tax thereon. Broker is hereby authorized to withhold Taxes from any payment made hereunder and remit such Taxes to the relevant taxing authorities to the extent required by applicable law.

Interest Fees. Client agrees to pay interest charges which may be imposed by Xxxxxx and charged by Clearing Firm GS&Co. in accordance with the terms of the “Interest Charges and Margin Requirements Disclosure Statement” and Broker’s and Clearing FirmGS&Co.’s usual custom as may be modified by any side rate letter issued by BrokerGS&Co., if applicable, with respect to late payments in conjunction with any transaction, including for securities purchased, in Client’s Account and prepayments in Client’s Account (i.e., the crediting of the proceeds of sale prior to settlement date or prior to the receipt by Clearing Firm GS&Co. of the item sold in good deliverable form) in cash accounts at the rate charged on net Debit Balances in margin accounts. Similarly, Broker may, but does not necessarily, charge interest on late payments by Client for securities purchased in cash accounts at the rate charged on net Debit Balances in margin accounts). Client acknowledges receipt of the attached supplement entitled “Interest Charges and Margin Requirements Disclosure Statement” and a side rate scheduleletter, if applicable, and agrees to be bound thereby. Client agrees to pay promptly any amount which may become due in order to meet requests for additional deposits or marks to market with respect to any transactions, including unissued securities purchased or sold by Client. Client agrees to pay promptly pay such commission rates as Broker any custody or Clearing Firm other fees which may from time to time charge, as well as all other costs and fees (including, without limitation, an account maintenance fee, custody fees, ticket and clearing charges and fees be imposed by any Exchange or other regulatory or self- regulatory organizations) arising out of Broker’s or Clearing Firm’s provision of services GS&Co. with respect to Client and Client’s the Account. Client authorizes Xxxxxx and Clearing Firm GS&Co. to automatically debit Client’s Account in payment of any charges posted to the Account. Except as required by applicable law, each payment by Client, and all deliveries of margin or collateral, under this New Account Agreement shall be made, and the value of any margin or collateral shall be calculated, without withholding or deducting any taxes (including, for the avoidance of doubt, any withholding taxes), levies, imposts, duties, charges, assessments or fees of any nature, including interest, penalties and additions thereto that are imposed by any taxing authority (“Taxes”). If any Taxes are required to be withheld or deducted, Client shall pay such additional amounts as necessary to ensure that the actual net amount received by Broker GS is equal to the amount that Broker GS would have received had no such withholding or deduction been required. With respect to payments by Broker GS to Client under this New Account Agreement, Client will provide Broker GS with any forms or documentation reasonably requested by Broker GS in order to reduce or eliminate withholding tax thereon. Broker GS is hereby authorized to withhold Taxes from any payment made hereunder and remit such Taxes to the relevant taxing authorities to the extent required by applicable law.