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er of welt right or any other right granted hereunder. DBSI retains the right to delegate to its agent, including its clearing agent, Pershing LLC (Pershing), one or more of DBSI's rights or oolightions under this Agreement without notice to Client. 2. Cash Account. OBSI will classify non Account as a ca
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 Collater
arising from the execution of transactions based on such instructions. 12. Role of Certain Third Parties. DEMI engages a third-c any Mitering apent, Pershing. Client understands that Pershing is the custodian of Client's assets, clears and settles all transactions. and extends credit on any margin purchas
llectively. all such obligations are isterred to herein as the "DB Obligations'). Client further grants to Pershing a security interest in and lien (the "Pershing Lien') upon all Securities and Other Properly held in Client's Margin Account(s) and any associated cash accounts) Margin Colleterat) to secure the indebt
er of such right or any other right granted hereunder. DBSI retains the right to delegate to its agent, including its clearing agent. Pershing LLC (Pershing). one or more of MSC's rights or obligations under this Agracmont without notice to Client. 2. Cash Account. 0651 will classify each Account as a ca
roperty on margin or otherwise, and (ii) any other instructions concerning Account(s). Client further understands that the contract between DOS! and Pershing. and the services rendered thereunder, are not io:ended to create a joint venture, partnership or other form of business organization of any kind.
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 ell Margin Collater
ollectively, all such obligations are referred to herein as the -DB Obligations,. Client further grants to Pershing a security interest in and lien (the "Pershing Lien') Upon all Securities and Other Property held in Client's Margin Account(s) and any associated cseh aocount(s) ("Margin Collateral") to secure the In
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
llectively, all such obligations are referred to herein as the "DB Obligations"). Client further grants to Pershing a security interest in and lien (the "Pershing Lien') Upon all Securities end Other Property held in Client's Margin Account(s) and any sssoolated cash account(s) (*Margin Collateral") to secure the in
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
llectively, all such obligations are referred to herein as the "DB Obligations"). Client further grants to Pershing a security interest in and lien (the "Pershing Lien') Upon all Securities end Other Property held in Client's Margin Account(s) and any sssoolated cash account(s) (*Margin Collateral") to secure the in
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
llectively, all such obligations are referred to herein as the "DB Obligations"). Client further grants to Pershing a security interest in and lien (the "Pershing Lien') Upon all Securities end Other Property held in Client's Margin Account(s) and any sssoolated cash account(s) (*Margin Collateral") to secure the in
Entities connected to both Pershing and the "Pershing Lien'
Pershing LLC
ORGANIZATIONthe State of New York
LOCATIONSecurities Investor Protection Corporation
ORGANIZATIONthe Options Clearing Corporation
ORGANIZATIONSecurities and Other Property
ORGANIZATION
Deutsche Bank
ORGANIZATIONthe Margin Account
ORGANIZATION
FDIC
ORGANIZATION
United States
LOCATION
Federal Reserve
ORGANIZATIONClient and Deutsche Bank Securities Inc.
ORGANIZATIONDEISI
ORGANIZATIONthe Federal Arbitration Act
ORGANIZATIONCustomer Inquiries/Customer Complaints
ORGANIZATIONForeign Securities which Client
ORGANIZATIONthe Terms and Conditions
ORGANIZATION
the Internal Revenue Service
ORGANIZATIONApplicable Law
PERSONRestricted Securities'
ORGANIZATIONClieht
PERSON