Common use of Underlying Securities Clause in Contracts

Underlying Securities. The Company is under no obligation to convey to the Client any information relating to the underlying Securities covered by the option or any Securities related thereto, or any information relating to the options, whether such information is then or thereafter known or available. It is the sole responsibility of the Client to exercise, in a proper and timely manner, any right, privilege or obligation of any put option or call option of the Client.

Appears in 3 contracts

Sources: Client Agreement, Securities Account Agreement, Client Agreement