Common use of Impartial Lottery Allocation System Clause in Contracts

Impartial Lottery Allocation System. When you hold on my behalf bonds or preferred stocks in street or bearer form which are callable in part, I agree to participate in the impartial lottery allocation system of the called securities in accordance with the provisions of the New York Stock Exchange, Inc. ("NYSE") rules. Further, I understand when the call is favorable, THE REVERSE SIDE OF THIS AGREEMENT MUST 3025 (8/91) BE SIGNED BY ALL ACCOUNT OWNERS no allocation will be made to any account in which you, your officers, or employees have a financial interest until all other clients' positions in such securities are satisfied on an impartial lottery basis.