Opinion ID: 2232475
Heading Depth: 1
Heading Rank: 3

Heading: authorization to transfer funds

Text: Until further notice in writing, Heinold Commodities, Inc. (Heinold), is hereby authorized, at any time and from time to time, without prior notice to the undersigned (Customer), to transfer from any account of Customer maintained at Heinold, Heinold Securities, Inc. or Heinold Commodities, Ltd. for Customer to any other such account such excess funds, securities, commodity futures contracts, commodity options and other property as in Heinold's judgment may be required for margin in any such account, or to reduce any debit balance or to reduce or satisfy any deficits in such other account, provided that any such transfer shall comply with the rules and regulations of the Commodity Futures Trading Commission with respect to customer accounts regulated by the Commodity Exchange Act. Within a reasonable time after making any such transfer, Heinold will confirm the same in writing to the undersigned.