Common use of Authorization to Debit Clause in Contracts

Authorization to Debit. I/We hereby irrevocably authorize and instruct you, at any time without prior notice to me/us, to debit the Margin Securities Account with: (a) all advances under the Credit Facilities required by you for purchasing securities on my/our behalf in accordance with my/our Instructions; (b) all transaction or brokerage commissions and custodian fees and all other monies and sums payable to you from time to time under the Terms and Conditions of Business and these Additional Terms; and (c) all other fees, levies, charges, disbursements, taxes and out-of-pocket expenses which you may incur on my/our behalf whether in connection with the purchase or sale of securities or otherwise pursuant to the Terms and Conditions of Business and these Additional Terms.

Authorization to Debit. I/We hereby irrevocably authorize and instruct you, at any time without prior notice to me/us, to debit the Margin Securities Account with: (a) all advances under the Credit Facilities required by you for purchasing securities on my/our behalf in accordance with my/our Instructions; (b) all transaction or brokerage commissions and custodian fees and all other monies and sums payable to you from time to time under the General Terms and Conditions of Business and these Additional Terms; and (c) all other fees, levies, charges, disbursements, taxes and out-of-pocket expenses which you may incur on my/our behalf whether in connection with the purchase or sale of securities or otherwise pursuant to the General Terms and Conditions of Business and these Additional Terms.