Disclosures and Voting. The Custodian, where requested by the Depositor in writing, shall deliver, or cause to be executed and delivered, to the Depositor all notices, prospectuses, financial statements, proxies and proxy soliciting materials relating to assets credited to the account. The Custodian shall not vote any shares of stock or take any other action, pursuant to such documents, with respect to such assets except upon receipt from the Depositor to the Custodian of written instructions acceptable to the Custodian. Nothing in this provision releases Depositor of Depositor’s obligation to monitor any and all assets in Depositor’s Account, and Depositor does hereby agree to release, defend, indemnify and hold harmless the Custodian from any and all liability, claims, damages, actions, costs, expenses (including, without limitation, all reasonable attorneys’ fees) arising from or related to the delivery of documents by Custodian under this paragraph of the Agreement.
Appears in 3 contracts
Sources: Coverdell Education Savings Account Custodial Agreement, Simplified Employee Pension Plan Agreement, Custodial Agreement