SHORT AND LONG SALES Sample Clauses

SHORT AND LONG SALES. It is understood and agreed that the undersigned, when placing with you any sell order for a short account, will designate it as such and hereby authorizes you to ▇▇▇▇ such order as being 'short,' and when placing with you any sell order for a long account, will designate it as such and hereby authorizes you to ▇▇▇▇ such order as being 'long.' Any sell order which the undersigned shall designate as being for a long account, as above provided, is for securities then owned by the undersigned and, if such securities are not then deliverable by you from any account of the undersigned, the placing of such order shall constitute a representation by the undersigned that it is impracticable for the undersigned then to deliver such securities to you but that the undersigned will deliver them as soon as it is possible to do so, without undue inconvenience or expense to you.

SHORT AND LONG SALES. In placing any sell order for a short account, you will designate the order as such and hereby authorize Bear Stea▇▇▇ ▇▇ mark ▇▇▇ order as being "short." In placing any sell order for a long account, you will designate the order as such and hereby authorize Bear Stea▇▇▇ ▇▇ mark ▇▇▇ order as being "long." The designation of a sell order as being for a long account shall constitute a representation that you own the security with respect to which the order has been placed, that such security is not restricted under Rules 144 and 145 under The Securities Act of 1933 or any other applicable law, rule or regulation and, as such, may be sold without restriction in the open market and that, if Bear Stea▇▇▇ ▇▇▇s not have the security in its possession at the time you place the order, you shall deliver the security by settlement date in good deliverable form or pay to Bear Stea▇▇▇ ▇▇▇ losses and expenses it may incur or sustain as a result of your failure to make delivery on a timely basis.

SHORT AND LONG SALES. ‌ A. Short Sales. Where required by Applicable Laws, in placing a sell order in any equity security with, or reporting a sell order to, ▇▇ ▇▇▇▇▇▇ for a short account, you shall designate the order as “short.” Your reporting of a sell order as “short” shall constitute your representation that, if your order was executed by a broker other than ▇▇ ▇▇▇▇▇▇, such executing broker or another registered broker dealer has obtained a “locate” (i.e., assurances that the relevant securities can be obtained and delivered to ▇▇ ▇▇▇▇▇▇ in time to enable ▇▇ ▇▇▇▇▇▇ to settle the trade on a standard settlement basis) and you will identify to ▇▇ ▇▇▇▇▇▇ the source of your “locate”. ▇▇ ▇▇▇▇▇▇ may in its discretion require you to obtain all “locates” from ▇▇ ▇▇▇▇▇▇. ▇▇ ▇▇▇▇▇▇ may also determine not to accept your representation of having obtained a “locate” as the grounds required for reliance by it under Applicable Laws and may in its discretion borrow or buy, for your account and risk, the securities you have sold short.

SHORT AND LONG SALES. In placing any sell order, I agree to designate the order as a “short” sale or a “long” sale and hereby authorize HSBC Securities to mark the order accordingly. The designation of a sell order as being “short” shall constitute any sale of a security not owned by the seller or any sale that is consummated by delivery of a borrowed security. I understand that an approved margin account will be required for short sales. The designation of a sell order as being “long” shall constitute a representation that I own the security with respect to which the order has been placed, that such security may be sold without restriction in the open market and that, if you do not have the security in your possession at the time I place the order, I shall deliver the security by settlement date in Good Deliverable Form or pay to you any losses and expenses you may incur or sustain as a result of my failure to make delivery on a timely basis. Short sales may not be available in all accounts types. For more information please contact your HSBC Securities representative or HSBC Securities at the phone number listed at the beginning of this agreement.

SHORT AND LONG SALES. In placing an▇ ▇▇▇▇ order for a short account, you will designate the order as such and hereby authorize Bear Stearns to mark the order as being "short." In placing any ▇▇▇▇ ▇rder ▇▇▇ a long account, you will designate the order as such and hereby authorize Bear Stearns to mark the order as being "long." The designation ▇▇ ▇ ▇ell ▇rder as being for a long account shall constitute a representation that you own the security with respect to which the order has been placed, that such security may be sold without restriction in the open market and that, if Bear Stearns does not have the security in its possession at the ▇▇▇▇ you place the order, you shall deliver the security by settlement date in good deliverable form or pay to Bear Stearns any losses or expenses incurred by it as a resul▇ ▇▇ ▇▇ur failure to make delivery on a timely basis.

SHORT AND LONG SALES. In placing any sell order for a short account, you will designate the order as such and hereby authorize the Clearing Agent Group or your Brokerage Firm, as the case may be, to m▇▇▇ the order as being “short”. In placing any sell order for a long account, you will designate the order as such and hereby authorize the Clearing Agent Group or your Brokerage Firm, as the case may be, to m▇▇▇ the order as being “long”. The designation by you of a sell order as being for a long account shall constitute a representation by you that you own the security with respect to which the sell order has been placed, that such security may be sold without restriction in the open market and that, if the Clearing Agent Group does not have the security in its possession at the time you place the sell order, you shall deliver the security by settlement date in good deliverance form or pay to the Clearing Agent Group or your Brokerage Firm, as the case may be, any losses and expenses it or they may incur or sustain as a result of your failure to make delivery on a timely basis.

SHORT AND LONG SALES. Client agrees to comply with all of the Applicable Law relating to short sales, including but not limited to the requirement that Client, when placing with UBS Securities any short sale order, will designate it as such, and when placing with UBS Securities any long sell order for securities, will designate it as such to the extent Client "has a net long" position in such securities and, if such securities are not then deliverable by UBS Securities from any Accounts of Client, the placing of such order shall constitute a representation by Client that it is impracticable for Client then to deliver such securities to the relevant UBS Entity but that Client will deliver them as soon as it is commercially practicable to do so.

SHORT AND LONG SALES. In placing any sell order for a short account, you will designate the order as such and hereby authorize TradeStation Securities to mark the order as being “short.” In placing any sell order for a long account, you will designate the order as such (which may mean, simply, that it is not expressly marked “short”) and hereby authorize TradeStation Securities to mark the order as being “long.” The designation by you of a sell order as being for a long account shall constitute a representation by you that you own the security with respect to which the sell order has been placed, that such security may be sold without restriction in the open market and that, if TradeStation Securities does not have the security in its possession at the time you place the sell order, you shall deliver the security by settlement date in good deliverable form or pay to TradeStation Securities any losses and expenses it may incur or sustain as a result of your failure to make delivery on a timely basis. You expressly authorize TradeStation Securities to liquidate your Account assets, in whole or in part, in its sole and absolute discretion, for the purpose of recovering any losses or expenses TradeStation Securities will or may suffer or incur as a result of your failure to timely make such delivery or following you making any indication to TradeStation Securities that you may not timely make such delivery.

SHORT AND LONG SALES. In placing any sell order for a short account, you will designate the order as such and hereby authorize Bear Stearns to mark the order as being "short." In placing any sell ▇▇▇▇▇ for ▇ ▇ong account, you will designate the order as such and hereby authorize Bear Stearns to mark the order as being "long." The designation of ▇ ▇▇▇▇ orde▇ ▇▇ being for a long account shall constitute a representation that you own the security with respect to which the order has been placed, that such security is not restricted under Rules 144 and 145 under the Securities Act of 1933 or any other applicable law, rule or regulation and, as such, may be sold without restriction in the open market and that, if Bear Stearns does not have the security in its possession at the tim▇ ▇▇▇ ▇lace the order, you shall deliver the security by settlement date in good deliverable form or pay to Bear Stearns any losses and expenses it may incur or sustain as a re▇▇▇▇ ▇▇ your failure to make delivery on a timely basis.