Acceptance of New Accounts Clause Samples

Acceptance of New Accounts. Broker shall be responsible for opening and approving new accounts in compliance with the Rules. 5.1.1 Pershing reserves the right to reject any account that the Broker may forward to Pershing as a potential new account for commercially reasonable reasons, including but not limited to, credit and reputational considerations. Pershing also reserves the right to terminate any account previously accepted by it as a new account for commercially reasonable reasons, including but not limited to, credit and reputational considerations.
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Acceptance of New Accounts. Broker shall be responsible for opening and approving new accounts in compliance with the Rules. 5.1.1 Pershing reserves the right to reject any account which the Broker may forward to Pershing as a potential new account. Pershing also reserves the right to terminate any account previously accepted by it as a new account. 5.1.2 At the time of the opening of any new account, the Broker must obtain sufficient information from its customer to satisfy itself as to the identify of its client and the source of its funds to satisfy itself that opening the account would not violate the provisions of various Executive Orders and regulations issued thereunder by the Office of Foreign Assets Control (OFAC), which enforces economic and trade sanctions against foreign countries and their agents, terrorism sponsoring agencies and organizations and international narcotics traffickers.
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Acceptance of New Accounts. Broker shall be responsible for opening, determining eligibility for, and approving new accounts in compliance with Applicable Law.
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Acceptance of New Accounts. Broker shall be responsible for opening and approving new accounts for forex trading with or through GAIN, subject to GAIN’s rejection rights described below.
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Acceptance of New Accounts. Broker shall be responsible for opening and approving new accounts in compliance with the applicable Rules. 5.1.1 Pershing reserves the right, upon advising Broker with an explanation (confirmed in writing or by electronic message in a manner as agreed by the parties), to reject any account which the Broker may forward to Pershing as a potential new account. Pershing also reserves the right, upon advising Broker with an explanation (confirmed in writing or by electronic message in a manner as agreed by the parties) to terminate any account previously accepted by it as a new account. 5.1.2 At the time of the opening of any new account, the Broker must obtain sufficient information from its customer to satisfy itself as to the identity of its client and the source of its funds to satisfy itself that opening the account would not violate the provisions of various Executive Orders and regulations issued thereunder by the Office of Foreign Assets Control (OFAC), which enforces economic and trade sanctions against foreign countries and their agents, terrorism sponsoring agencies and organizations and international narcotics traffickers.
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Acceptance of New Accounts. Broker shall be responsible for opening and approving new Accounts for its Customers (each a “Customer Account” and collectively, “Customer Accounts”). ConvergEx will determine, in its reasonable discretion, whether or not to accept transactions for such Account(s) for clearance and settlement purposes. In each case, ConvergEx will elect, with reasonable discretion, the type of activity (i.e., cash, margin or options account) for which it is willing to act with respect to each Account. Broker will be responsible to notify each Account of the allocation of functions as required by FINRA Rule 4311.
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Acceptance of New Accounts. Broker shall be responsible for opening and approving new Accounts. BNYCS will determine, using reasonable discretion, whether or not to accept or (thereafter) carry or continue to carry such Account(s) for clearance and settlement purposes. In each case, BNYCS will elect, with reasonable discretion, the type of activity (i.e., cash, margin or options account) for which it is willing to act with respect to each Account. BNYCS will be responsible to notify each Account of the allocation of functions as required by NYSE Rule 382 and Rule 3230 of the NASD's Conduct Rules.
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Acceptance of New Accounts. Broker shall be responsible for opening and approving new accounts in compliance with the Rules. 3.1.1 RJO reserves the right to reject any account which the Broker may forward to RJO as a potential new account. RJO also reserves the right to terminate any account previously accepted by it as a new account. 3.1.2 At the time of the opening of any new account, the Broker must obtain sufficient information from its customer to satisfy itself as to the identity of its client and the source of its funds for the purpose of complying with the applicable requirements of the Bank Secrecy Act regarding anti-money laundering programs.
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Related to Acceptance of New Accounts

  • Issuance of New Note Upon any partial conversion of this Note, a new Note containing the same date and provisions of this Note shall, at the request of the Holder, be issued by the Borrower to the Holder for the principal balance of this Note and interest which shall not have been converted or paid. The Borrower will pay no costs, fees or any other consideration to the Holder for the production and issuance of a new Note.

  • Issuance of New Notes Whenever the Company is required to issue a new Note pursuant to the terms hereof, such new Note (i) shall be of like tenor with this Note, (ii) shall represent, as indicated on the face of such new Note, the Principal remaining outstanding (or in the case of a new Note being issued pursuant to Section (4)(a) or Section (4)(c), the Principal designated by the Holder which, when added to the Principal represented by the other new Note(s) issued in connection with such issuance, does not exceed the Principal remaining outstanding under this Note immediately prior to such issuance of such new Note), (iii) shall have an issuance date, as indicated on the face of such new Note, which is the same as the Issuance Date of this Note, (iv) shall have the same rights and conditions as this Note, and (v) shall represent accrued and unpaid Interest from the Issuance Date.

  • Issuance of New Certificates to Pledgee A pledgee of Shares transferred as collateral security shall be entitled to a new certificate if the instrument of transfer substantially describes the debt or duty that is intended to be secured thereby. Such new certificate shall express on its face that it is held as collateral security, and the name of pledgor shall be stated thereon, who alone shall be liable as a Shareholder and entitled to vote thereon.

  • Issuance of New Certificate to Pledgee In the event certificates have been issued, a pledgee of shares transferred as collateral security shall be entitled to a new certificate if the instrument of transfer substantially describes the debt or duty that is intended to be secured thereby. Such new certificate shall express on its face that it is held as collateral security, and the name of the pledgor shall be stated thereon, who alone shall be liable as a shareholder, and entitled to vote thereon.

  • Maintenance of Net Worth The Parent shall at all times maintain an Adjusted Net Worth of not less than the Minimum Tangible Net Worth.