Common use of Amendments and Termination Clause in Contracts

Amendments and Termination. The Custodian may amend this Agreement at any time to comply with legal and regulatory changes and to modify the Agreement as the Custodian determines advisable. Any such amendment will be sent to the Depositor at the last known address on file with the Custodian. The amendment will be effective on the date specified in the notice to the Depositor. At the Depositor’s discretion, the Depositor may direct that the Custodial Account be transferred to another trustee or custodian. The Custodian will not be liable for any losses from any actions or inactions of any successor trustee or custodian.

Appears in 11 contracts

Sources: Custodial Agreement, Custodial Agreement, Roth Individual Retirement Account Custodial Agreement

Amendments and Termination. The Custodian may amend this Agreement at any time to comply with legal and regulatory changes and to modify the Agreement as the Custodian determines advisable. Any such amendment will be sent to the Depositor Responsible Individual at the last known address on file with the Custodian. The amendment will be effective on the date specified in the notice to the DepositorResponsible Individual. At the DepositorResponsible Individual’s discretion, the Depositor Responsible Individual may direct that the Custodial Account be transferred to another trustee or custodian. The Custodian will not be liable for any losses from for any actions or inactions of any successor trustee or custodian.

Appears in 4 contracts

Sources: Coverdell Education Savings Account Custodial Agreement, Coverdell Education Savings Account Custodial Agreement, Coverdell Education Savings Account Custodial Agreement

Amendments and Termination. The Custodian may amend this Agreement at any time to comply with legal and regulatory changes and to modify the Agreement as the Custodian determines advisable. Any such amendment will be sent to the Depositor at the last known address on file with the Custodian. The amendment will be effective on the date specified in the notice to the Depositor. At the Depositor’s discretion, the Depositor may direct that the Custodial Account be transferred to another trustee or custodian. The Custodian will not be liable for any losses from for any actions or inactions of any successor trustee or custodian.

Appears in 4 contracts

Sources: Roth Individual Retirement Account Custodial Agreement, Traditional and Roth Individual Retirement Account Custodial Agreement, Traditional and Roth Individual Retirement Account Custodial Agreement

Amendments and Termination. The Custodian may amend this Agreement at any time to comply with legal and regulatory changes and to modify the Agreement as the Custodian determines advisable. Any such amendment will be sent to the Depositor Participant at the last known address on file with the Custodian. The amendment will be effective on the date specified in the notice to the DepositorParticipant. At the DepositorParticipant’s discretion, the Depositor Participant may direct that the Custodial Account be transferred to another trustee or custodian. The Custodian will not be liable for any losses from any actions or inactions of any successor trustee or custodian.

Appears in 2 contracts

Sources: Custodial Agreement, Custodial Agreement

Amendments and Termination. The Custodian may amend this Agreement at any time to comply with legal and regulatory changes and to modify the Agreement as the Custodian determines advisable. Any such amendment will be sent to the Depositor at the last known address on file with the Custodian. The amendment will be effective on the date specified in the notice to the Depositor. At the Depositor’s Depositor‟s discretion, the Depositor may direct that the Custodial Account be transferred to another trustee or custodian. The Custodian will not be liable for any losses from for any actions or inactions of any successor trustee or custodian.

Appears in 1 contract

Sources: Roth Individual Retirement Account Custodial Agreement