Common use of Liquidations Clause in Contracts

Liquidations. Whenever it is necessary for our protection or to satisfy a deficiency, debit or other obligation owed us, we may (but are not required to) sell, assign and deliver all or any part of the property securing your obligations, or close any or all transactions in your Account. We may choose which property to buy or sell, which transactions to close and the sequence and timing of liquidation. We may take such actions on whatever exchange or market and in whatever manner (including public auction or private sale) that we choose in the exercise of our business judgment. You agree not to hold us liable for the choice of which property to buy or sell or of which transactions to close or for timing or manner of liquidation or any tax consequences from such actions. We may transfer property from any brokerage account in which you have an interest to any other brokerage account in which you have an interest, regardless of whether there are other account holders on either account, if we determine that your obligations are not adequately secured or to satisfy a deficiency or other obligation. You agree to pay on demand any account deficiencies after liquidation, whether liquidation is complete or partial. All of the above may be done without demand or notice of purchase, sale, transfer or cancellation to you. No demand or notice shall impose on MPS any obligation to make such demand or provide such notice to you in the future. Any such notice or demand is hereby expressly waived, and no specific demand or notice shall invalidate this waiver.

Liquidations. Whenever it is necessary for our protection or to satisfy a margin deficiency, debit or other obligation owed us, we may (but are not required to) sell, assign and deliver all or any part of the property securing your obligations, or close any or all transactions in your Accountaccount. We may choose which property to buy or sell, which transactions to close and the sequence and timing of liquidation. We may take such actions on whatever exchange or market and in whatever manner (including public auction or private sale) that we choose in the exercise of our business judgment. You agree not to hold us liable for the choice of which property to buy or sell or of which transactions to close or for timing or manner of liquidation or any tax consequences from such actions. In certain circumstances we may, at our sole discretion, liquidate your entire margin loan balance to satisfy a margin call. You agree not to hold us liable for taking such action. We may transfer property from any non-retirement brokerage account in which you have an interest to any other brokerage account in which you have an interest, regardless of whether there are other account holders on either account, if we determine that your obligations are not adequately secured or to satisfy a margin deficiency or other obligation. You agree to pay on demand any account deficiencies after liquidation, whether liquidation is complete or partial. All of the above may be done without demand for margin or notice of purchase, sale, transfer or cancellation to you. No demand for margin or notice shall impose on MPS Schwab any obligation to make such demand or provide such notice to you in the future. Any such notice or demand is hereby expressly waived, and no specific demand or notice shall invalidate this waiver.

Liquidations. Whenever it is necessary for our Our protection or to satisfy a margin deficiency, debit debit, or other obligation owed usUs, we We may (but are not required to) sell, assign assign, and deliver all or any part of the property securing your Your obligations, or close any or all transactions in your AccountYour Account or in any of Your accounts with Our affiliates. We may choose which property to buy or sell, which transactions to close close, and the sequence and timing of liquidation. We may take such actions on whatever exchange or market and in whatever manner (including public auction or private sale) that we We choose in the exercise of our Our business judgment. You agree not to hold us Us liable for the choice of which property to buy or sell or of which transactions to close or for timing or manner of liquidation or any tax consequences from such actions. We may transfer property from any brokerage account or in any of Your accounts with Our affiliates in which you You have an interest to any other brokerage account accounts in which you You have an interest, regardless of whether there are other account holders Account Owners on either account, if we We determine that your Your obligations are not adequately secured or to satisfy a margin deficiency or other obligation. You agree to pay on demand any account Account deficiencies after liquidation, whether liquidation is complete or partial. All of the above may be done without demand for margin or notice of purchase, sale, transfer transfer, or cancellation to youYou. No demand for margin or notice shall impose on MPS VBS any obligation to make such demand or provide such notice to you You in the future. Any such notice or demand is hereby expressly waived, and no specific demand or notice shall invalidate this waiver.