Common use of Periodic Reports and Statements Clause in Contracts

Periodic Reports and Statements. Client understands that each month Client will receive and review a transaction statement from Prudential Securities, which will detail: all purchases and cash advances that were made with the Card; Checks drawn against Client's Visa/Check Account; electronic funds transfers; securities bought or sold in Client's Securities Account, whether on margin or on a fully paid basis; margin interest charges, if any; the number of shares of the COMMAND Funds that were purchased or redeemed for Client; and deposits to and withdrawals from CMIIA. The amount of the annual fee that Prudential Securities charges for making the COMMAND Account available and any additional fees with respect to the operation of Client's Account will be indicated on the statement. Client authorizes Prudential Securities to act on Client's behalf to accept reorders for Checks and requests to stop payment on Checks, for which fees will be charged to Client's COMMAND Account. Fees may also be charged for Checks processed, as indicated in the prospectuses, and such fees will be indicated on the statement. If there is no transaction activity in Client's COMMAND Account, Prudential Securities reserves the right to send only quarterly transaction statements. Prudential Securities will not send out confirmations following purchases and redemptions of shares in the COMMAND Funds or receipts following deposits in or withdrawals from CMIIA. The statement, however, will describe all such transactions which took place during the preceding month. Client agrees to pay interest and service charges upon Client's accounts monthly at the prevailing rate as determined by Prudential Securities. Client understands that Client must carefully review the statements promptly after receipt and notify Prudential Securities of any errors in writing addressed to the Branch Manager of the Branch Office servicing Client's COMMAND Account within ten days after transmittal by Prudential Securities of the statement, or such statements shall be deemed conclusive.

Periodic Reports and Statements. Client understands that each month Client client will receive and review a transaction statement from Prudential SecuritiesPSI, which will detail: all purchases and cash advances that were made with the Card; Checks drawn against Client's Visa/Check Visa Account; , electronic funds transfers; securities bought or sold in Client's Securities Account, whether on margin or on a fully paid basis; margin interest charges, if any; the number of shares of the COMMAND Funds that were purchased or redeemed for Client; and deposits to and withdrawals from CMIIA. The amount of the annual fee that Prudential Securities PSI charges for making the COMMAND Account available and any additional fees with respect to the operation of Client's Account will be indicated on the statement. Client authorizes Prudential Securities PSI to act on Client's behalf to accept reorders for Checks and requests to stop payment on Checks, for which fees will be charged to Client's COMMAND Account. Fees may also be charged for Checks processed, as indicated in the prospectuses, and such fees will be indicated on the statement. If there is no transaction activity in Client's COMMAND Account, Prudential Securities PSI reserves the right to send only quarterly transaction statements. Prudential Securities PSI will not send out confirmations following purchases and redemptions of shares in the COMMAND Funds or receipts following deposits in or withdrawals from CMIIA. The statement, however, will describe all such transactions which took place during the preceding month. Client agrees to pay interest and service charges upon Client's accounts monthly at the prevailing rate as determined by Prudential SecuritiesPSI. Client understands that Client must carefully review the statements promptly after receipt and notify Prudential Securities PSI of any errors in writing addressed to the Branch Manager of the Branch Office servicing Client's COMMAND Account within ten days after transmittal by Prudential Securities PSI of the statement, statement or such statements shall be deemed conclusive.