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er of such right or any other right granted hereunder. DB51 retains the right to delegate to its agent, including its clearing agent. Pershing LLC (Pershing), one or more of DBSI's rights or obligations under this Agreement without notice to Client. 2. Cash Account. DBSI will classify each Account as a c
have the discretion to determine which Securities and Other Property to apply for the purposes of the foregoing. With respect to the Pershing Lien, Pershing may, at any time and without prior notice, sell, transfer; release, exchange, settle or otherwise dispose of or deal with any or all Margin Coirater
, and the services rendered thereunder, are not io:ended to create a joint venture, partnership or other form of business organization of any kind. Pershing shall not be responsible or liable to Client for any aots or omissions of DBSI or its employees. Pershing does not provide investment advice, nor of
Client has an interest (held individually. jointly or otherwise) (collectively all such Securities and Other Property are referred to herein as 'DB Collaterar) in order to secure any and all indebtedness or any othet obligation of Client to DBSI and its Affiliates or Pershing (collectively, all such obliga
sclosure which is incorporated herein by reference. 2. Financing. Client understands that the margin transactions in the Account may be financed by Pershing or DBSI. 3. Interest and Costs. Client agrees to pay interest on all sums borrowed and other balances due and costs incurred by Deutsche Bank in ma
have the discretion to determine which Securities and Other Property to apply for the purposes of the foregoing. With respect to the Pershing Lien, Pershing may. at any time and without prior notice, sell, transfer. release, exchange. settle or otherwise dispose of or deal with any or all Margin Cohgtera
Client has an interest (held individually, jointly or otherwise) (collectively all such Securities and Other Property are referred to herein as `DB Collaterar) in order to secure any and all indebtedness or any other obligation of Client to DBSI and its Affilietes or Pershing (collectively, all such obliga
sclosure which is incorporated herein by reference. 2. Financing. Client understands that the margin transactions in the Account may be financed by Pershing or DBSI. 3. Interest and Costs. Client agrees to pay interest on all sums borrowed and other balances due and costs incurred by Deutsche Bank in ma
have the discretion to determine which Securities and Other Property to apply for the purposes of the foregoing. With respect to the Pershing Lien, Pershing may. at any time and without prior notice, sell, transfer. release, exchange. settle or otherwise dispose of or deal with any or all Margin Cohgtera
Client has an interest (held individually, jointly or otherwise) (collectively all such Securities and Other Property are referred to herein as `DB Collaterar) in order to secure any and all indebtedness or any other obligation of Client to DBSI and its Affilietes or Pershing (collectively, all such obliga
sclosure which is incorporated herein by reference. 2. Financing. Client understands that the margin transactions in the Account may be financed by Pershing or DBSI. 3. Interest and Costs. Client agrees to pay interest on all sums borrowed and other balances due and costs incurred by Deutsche Bank in ma
have the discretion to determine which Securities and Other Property to apply for the purposes of the foregoing. With respect to the Pershing Lien, Pershing may. at any time and without prior notice, sell, transfer. release, exchange. settle or otherwise dispose of or deal with any or all Margin Cohgtera
Client has an interest (held individually, jointly or otherwise) (collectively all such Securities and Other Property are referred to herein as `DB Collaterar) in order to secure any and all indebtedness or any other obligation of Client to DBSI and its Affilietes or Pershing (collectively, all such obliga
sclosure which is incorporated herein by reference. 2. Financing. Client understands that the margin transactions in the Account may be financed by Pershing or DBSI. 3. Interest and Costs. Client agrees to pay interest on all sums borrowed and other balances due and costs incurred by Deutsche Bank in ma
Client has an interest (held individually, jointly or otherwise) (collectively all such Securities and Other Property are referred to herein as 'DB Collaterar) in order to secure any and all indebtedness or any other obligation of Client to DBSI and its Affiliates or Pershing (collectively, all such obliga
Entities connected to both Pershing and Collaterar
Securities and Other Property
ORGANIZATIONDEISI
ORGANIZATIONthe Terms and Conditions
ORGANIZATIONClieht
PERSONPledge of Securities and Other-Property
ORGANIZATIONthe "Pershing Lien'
ORGANIZATIONCPent
ORGANIZATIONAffilietes
LOCATION