Common use of SHORT AND LONG SALES Clause in Contracts

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. In placing any sell order for a short account, you will designate the order as such and hereby authorize Bear Stea▇▇▇▇▇▇▇ to ▇▇ mark ▇▇▇ the 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▇▇▇▇▇▇▇ to ▇▇ mark ▇▇▇ the 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 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 does 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▇▇▇▇▇▇▇ ▇▇▇ any 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. 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." 3 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. In placing any sell order for a short account, you will designate the order as such and hereby authorize Bear Stea▇▇▇▇▇▇▇ to ▇▇ mark ▇▇▇ the 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▇▇▇▇▇▇▇ to ▇▇ mark ▇▇▇ the 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 does 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▇▇▇▇▇▇▇ ▇▇▇ any losses and or expenses it may incur or sustain as a result of your failure to make delivery on a timely basis.