Common use of Acceptance of Accounts Clause in Contracts

Acceptance of Accounts. Prior to any Customer Account being opened with Pens▇▇, ▇▇ must be approved by Correspondent. Pens▇▇ ▇▇▇erves the right to withhold acceptance of, or to reject, for any reason, any Customer, Customer Account, Correspondent Account or any transaction for any Account and to terminate any Account previously accepted by Pens▇▇. Initial acceptance of each Account shall be conditioned upon Pens▇▇'▇ ▇▇▇eipt of completed forms as required by Section 2(a). Correspondent shall not submit such forms with respect to any Customer Account unless Correspondent has in its possession the documentation of all information required pursuant to Section 2(b). Pens▇▇ ▇▇▇ll be under no obligation to accept any Account as to which any documentation required to be submitted to Pens▇▇ ▇▇ maintained by Correspondent pursuant to Sections 2(a) and 2(b) is incomplete. Prior to acceptance of any Account, no action taken by Pens▇▇ ▇▇ any of its employees, including, without being limited to, executing or clearing a trade in any Account, shall be deemed to be or shall constitute acceptance of such Account.

Acceptance of Accounts. Prior to any Customer Account being opened with Pens▇▇Penson, ▇▇ it must be approved by Correspondent. Pens▇▇ ▇▇▇erves ▇on reserves the right to withhold acceptance of, or to reject, for any reason, any Customer, Customer Account, Correspondent Account or any transaction for any Account and to terminate any Account previously accepted by Pens▇▇Penson. Initial acceptance of each Account shall be conditioned upon Pens▇▇'shal▇ ▇▇ ▇▇eipt onditioned upon Penson's receipt of completed forms as required by Section 2(a). Correspondent shall not submit such forms with respect to any Customer Account unless Correspondent has in its possession the documentation of all information required pursuant to Section 2(b). Pens▇▇ ▇▇▇ll Penson shall be under no obligation to accept any Account an▇ ▇▇▇▇unt as to which any documentation required to be submitted to PensPenson or maintained by Correspondent pursua▇▇ ▇▇ maintained by Correspondent pursuant to Sections 2(a) and 2(b) is incomplete. Prior to acceptance of any Account, no action taken by Pens▇▇ ▇▇ Penson or any of its employees, including, without being with▇▇▇ ▇▇ing limited to, executing or clearing a trade in any Account, shall be deemed to be or shall constitute acceptance of such Account.

Acceptance of Accounts. Prior to any Customer Account being opened with Pens▇▇Penson, ▇▇ it must be approved by Correspondent. Pens▇▇ ▇▇▇erves Penson reserves the right to withhold acceptance of, or to reject, t▇ ▇▇▇▇ct; for any reason, any Customer, Customer Account, Correspondent Account or any transaction for any Account and to terminate any Account previously accepted by Pens▇▇Penson. Initial acceptance of each Account shall be conditioned upon Pens▇▇'upo▇ ▇▇▇eipt Penson's receipt of completed forms as required by Section 2(aSECTION 2(A). Correspondent shall not submit such forms with respect to any Customer Account unless Correspondent has in its possession the documentation of all information required pursuant to Section 2(bSECTION 2(B). Pens▇▇ ▇▇▇ll Penson shall be under no obligation to accept any Account as to which whi▇▇ any documentation required to be submitted to Pens▇▇ ▇▇ Penson or maintained by Correspondent pursuant to Sections 2(aSECTION▇ ▇(▇) and 2(b2(B) is incomplete. Prior to acceptance of any Account, no action taken by Pens▇▇ ▇▇ Penson or any of its employees, including, without being limited ▇▇▇▇▇▇d to, executing or clearing a trade in any Account, ; shall be deemed to be or shall constitute acceptance of such Account.

Acceptance of Accounts. Prior to any Customer Account being opened with Pens▇▇▇▇▇▇, ▇▇ it must be approved by Correspondent. Pens▇▇ ▇▇▇erves ▇▇▇ reserves the right to withhold acceptance of, or to reject, for any reason, any Customer, Customer Account, Correspondent Account or any transaction for any Account and to terminate any Account previously accepted by Pens▇▇▇▇▇▇. Initial acceptance of each Account shall be conditioned upon Pens▇▇▇▇▇▇'▇ ▇▇▇eipt receipt of completed forms as required by Section 2(a). Correspondent shall not submit such forms with respect to any Customer Account unless Correspondent has in its possession the documentation of all information required pursuant to Section 2(b). Pens▇▇ ▇▇▇ll ▇▇▇ shall be under no obligation to accept any Account as to which any documentation required to be submitted to Pens▇▇▇▇▇▇ ▇▇ or maintained by Correspondent pursuant to Sections 2(a) and 2(b) is incomplete. , Prior to acceptance of any Account, no action taken by Pens▇▇▇▇▇▇ ▇▇ or any of its employees, including, without being limited to, executing or clearing a trade in any Account, shall be deemed to be or shall constitute acceptance of such Account.