Common use of Transfers to Other Accounts Clause in Contracts

Transfers to Other Accounts. Velocity may at any time and from time to time take any monies or Securities in the Account and any proceeds from the sale or other disposition of such Securities to pay or cover any obligations of the Customer to Velocity, including obligations of the Customer in respect of any other account with Velocity, whether such account is a personal account, a joint account or an account guaranteed by the Customer.